Here’s How the IRS Can Monitor Clients’ Offshore Life, Annuity Arrangements
April 26, 2022 by Allison Bell
Investigators at the U.S. Government Accountability Office have come up with a list of federal tax forms and other data sources that could help government agencies track the use of offshore life insurance arrangements.
The GAO developed the list in connection with a report on IRS oversight of micro-captive insurers. The report was prepared for Sen. Charles Grassley, R-Iowa, who is the highest-ranking Republican on the Senate Judiciary Committee.
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Originally Posted at ThinkAdvisor on April 22, 2022 by Allison Bell.
Categories: Industry Articles