Tax Law

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Sutherland Legal Alert: IRS Issues Interim Guidance on the Federal Income Tax Treatment of Annuity and Life Insurance Contracts with a Long-Term Care Insurance Feature
Posted on 22 Aug 2011 by Eversheds Sutherland LLP

By Thomas Gick , William Walderman , William Pauls , and Mark Smith On August 11, 2011, the Internal Revenue Service (the IRS) released interim guidance - Notice 2011-68 (the Notice) - addressing the application of certain changes to the federal income... Read More

Tags: Annuities

Sutherland Legal Alert: IRS Rules that Annuity Payouts with Automatic Increases Are Not “Substantially Equal Periodic Payments”
Posted on 31 May 2011 by Eversheds Sutherland LLP

By W. Mark Smith and Joanna G. Myers In PLR 201120011 (Feb. 11, 2011), the Internal Revenue Service (Service) ruled that nonqualified annuity payouts that automatically increase by a fixed percentage are not within the "substantially equal periodic... Read More

Tags: Annuities

IRS Rules Again on Annuity Issues in Defined Contribution Plans
Posted on 6 Jan 2011 by Eversheds Sutherland LLP

By Mark Smith and Jamey A. Medlin In PLR 201048044 (September 9, 2010), the Internal Revenue Service again addressed the application of certain tax rules relating to distributions from defined contribution retirement plans in the form of an annuity. Facts... Read More

Options For Clients Who Offer Retirement Benefits For Domestic Employees, From Morrison & Foerster
Posted on 2 Mar 2012 by Morrison and Foerster LLP

By Wendy M. Greenberg, Esq. , Morrison & Foerster LLP We have previously discussed in this space the possible tax traps related to clients' gifts and bequests to their employees. This article continues in that vein to provide some practical... Read More