• Holly Roundtree CPA

2019 – 10/28

New reporting requirements are taking effect for life insurance contract transactions. The IRS and U.S. Treasury Dept. issued final regulations that, among other things, will help people who sell life insurance contracts properly report any gain from that sale. The new requirements are applicable to each person who makes a payment of reportable death benefits (using IRS Form 1099-R). The regulations also cover how to calculate the amount of death benefits excluded from gross income. They generally apply to reportable policy sales and benefit payments after Dec. 31, 2018. The requirements were authorized under the Tax Cuts and Jobs Act in 2018. Read them here:

9 views0 comments

© 2018 by Holly C Roundtree, CPA, PLLC

Holly C Roundtree, CPA, PLLC

Tel: 972-404-4434


Address: 13355 Noel Road, Suite 1960, 
One Galleria Tower
Dallas, Texas 75240

Contact Us
Social Media