Article
Change In Basis Of Computing Reserves—Is It Or Isn’t It?
High on the list of the most frequently asked questions by tax professionals working for life insurance companies is whether a change in reserving methodology or assumptions will be subject to the "10-year spread" requirements of section 807(f) of the Internal Revenue Code. Section 807(f) applies where there is a change in basis of computing certain reserves of a life insurance company.
Scribner Hall & Thompson LLP
