Tax Alert
IRS issues new campaigns and regulations for Life Insurers
IRS has issued two campaigns for Life Insurers and issues regulations on the calculation of life insurance reserves under section 807(d).
© 2021 RSM US LLP. All rights reserved.
Ideas & Insights
Tax Alert
DOL issues registration regulations for Pooled Employer Plans (PEPs)
The U.S. Department of Labor has issued necessary regulations for service providers that want to offer PEP arrangements to their clients.
Tax Alert
New consolidated group net operating loss (NOL) rules proposed
Changes to NOL rules under the TCJA and CARES Act are implemented for consolidated corporate groups under new proposed regulations.
Tax Alert
DOL issues Fiduciary Rules on Plan Investments
DOL proposes prohibited transaction exemption for Financial Institutions and Investment Professionals providing advice to participants.
Tax Alert
COVID-19 delays FATCA and CRS reporting deadlines in key jurisdictions
The U.S., Cayman, and other jurisdictions extend deadlines for filing FATCA and CRS reports, but exams and compliance programs continue.
Tax Alert
Five-year NOL carryback for insurance companies under the CARES Act
The five-year carryback rule applies to insurance companies, both life and non-life, although both categories are singled out in the Act.
Financial Reporting Insights
FASB to defer effective dates for leases, CECL, hedging and insurance
FASB decides to propose deferring the effective dates for leases, credit losses, hedging and insurance for certain entities.