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TREAS/IRS RIN: 1545-BO49 Publication ID: Spring 2019 
Title: Reporting for Certain Life Insurance Contract Transactions 
Abstract:

The regulations will provide guidance on reportable policy sales of life insurance contracts and payments of reportable death benefits.  The TCJA added these new reporting requirements to the Code and guidance is needed to implement the new reporting regime.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: No  Unfunded Mandates: No 
EO 13771 Designation: Other 
CFR Citation: 26 CFR 1.101-1    26 CFR .6050Y-1     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 26 U.S.C. 101    26 U.S.C. 6050Y    26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  03/25/2019  84 FR 11009   
NPRM Comment Period End  05/09/2019 
Public Hearing  06/05/2019 
Final Action  10/00/2019 
Additional Information: REG-103083-18 (NPRM) Drafter attorney: Kathryn Sneade (202) 317-6995 Reviewer attorney: Rebecca Baxter (202) 317-6995 Treasury attorney: Angela Walitt (202) 622-1787
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Kathryn Sneade
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW, Room 3547,
Washington, DC 20224
Phone:202 317-6995
Fax:855 547-9026
Email: kathryn.m.sneade@irscounsel.treas.gov