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Insurance Company Tax Modernization and Parity Act of 2017
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Insurance Company Tax Modernization and Parity Act of 2017 This bill amends the Internal Revenue Code to allow affiliated life and non-life insurance companies to file consolidated tax returns. The bill also allows: (1) a phase-in of the full application of losses of affiliated non-life insurance companies against the taxable income of an affiliated life insurance company for taxable years beginning after December 31, 2017, and before January 1, 2024, and (2) an automatic waiver of the five-year waiting period applicable to affiliated non-life insurance companies for offset of their losses against life insurance company income.
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Filing registrants (17)
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2019 · first_quarter · Taxation/Internal Revenue Code
H.R.1 (115th Congress)- An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES: General tax issues and technical corrections related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, and dividend received deductions. H.R.2181 (115th Congress)- Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. Current law tax exclusion for employer provided benefits. S. 172/H.R. 1398 - Health Insurance Tax Relief Act. ISSUE: Health insurance tax (HIT). S. 1005 (115th Congress) - Modernization of Derivatives Act. ISSUE: Debt instruments held by insurance companies. S. 460 / H.R. 1043 - Employer Participation in Repayment Act. ISSUE: Expansion of employer provided education assistance available under IRC section 127.
Client expense: $660,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $1,024,543 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $510,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)
2018 · fourth_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 Issue: implementation of provisions impacting life insurers.
Client expense: $190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 Issue: implementation of provisions impacting life insurers.
Client expense: $180,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
| Republican |
| IN |
| Jason Smith | Republican | MO |
| John B. Larson | Democratic | CT |
| Linda T. Sánchez | Democratic | CA |
| Lynn Jenkins | Republican | KS |
| Sam Johnson | Republican | TX |
| Tom Reed | Republican | NY |
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES:General tax issues and technical corrections related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, and dividend received deductions. H.R.2181: Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. Current law tax exclusion for employer provided benefits. H.R.4894: Harmful Tax Prevention Act. ISSUE: Health insurer tax moratorium, issues specific to dental insurance. S. 1005: Modernization of Derivatives Act. ISSUE: Debt instruments held by insurance companies.
Client expense: $630,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (H.R. 1, Tax Cut and Jobs Act of 2017) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L. - International tax reform (H.R. 1, Tax Cuts and Jobs Act of 2017) issues flowing from interpretation, congressional intent and Treasury guidance. - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (H.R. 2181. life, non-life consolidation). - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $830,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $510,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the implementation of H.R. 1, The Tax Cut and Jobs Act, in particular the taxation of insurance and the taxation of foreign earnings of U.S. multinational corporations. H.R. 2181, The Insurance Company Tax Modernization and Parity Act of 2017. Issues related to the HIT tax. S. 2526, the Retirement Enhancement and Savings Act of 2018 and H.R. 6757, the Family Savings Act of 2018, as they relate to employer pensions plans. H.R. 88, as it relates to HIT and retirement security issues.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $1,024,543 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 173 Excise Tax on Health Coverage Repeal H.R. 2078 Tax Rates and Deductions H.R. 2181 Life Insurance Companies Consolidation H.R. 2818 Disaster Savings Account Contributions Deduction H.R. 2836 Hurricane and Tornado Mitigation Tax Credit H.R. 2849 Emergency Tax Relief S. 803 Corporation Regulatory Violations Tax Deductions S. 1005 Tax Treatment of Derivatives S. 1210 Tax Rates Reduction H.R. 3254 Excise Tax on Opioid Manufactures H.R. 3396 Classification of Employers for Services Providers H.R. 3434 Inverted Corporations H.R. 3679 Tax Relief for Major Disasters S. 1636 Inverted Corporations S. 1673 Unrepatriated Earnings and Income H.R. 1 Tax Cuts and Jobs Act H.R. 4139 Keep Jobs in America H.R. 4172 Tax Relief for Major Disasters S.1 Tax Cuts and Jobs Act S. 1907 Tax Relief for Disaster Areas S. 1925 Limitations on the Deduction of Interest H.R. 5651 Foreign Insurer Excise Tax Exemption
Client expense: $1,030,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Natl Security Council (NSC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · fourth_quarter · Taxation/Internal Revenue Code
General discussion on P&C and life insurance taxation issues, such as, net operating loss carrybacks and carry forwards, loss reserve deduction, and proration rules; H.R. 1393/S. 540, the Mobile Workforce State Income Tax Simplification Act of 2017, related to state payroll taxes when workers earn income while working in a different state. H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017 - Legislation that would repeal the life/non-life consolidation rules. H.R. 1/PL 115-97 - Implementation of Tax Cuts and Jobs Act.
Client expense: $540,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2018 · fourth_quarter · Taxation/Internal Revenue Code
AMT Sequestration--Impact of mandatory sequestration on the refundability of corporate AMT tax credits. H.R. 1625, Consolidated Appropriations Act of 2018-- FY 18 Omnibus Spending Proposals related to both corporate and product taxation (not in legislative form): Specifically, capital loss rule temporary relief; STOLI; benefits of tax treatment for life insurance and retirement products. Obama Administration proposals on COLI and SADRD (not yet in legislative form). H.R.1393, S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. P.L. 115-97, formerly H.R. 1 Tax Cuts and Jobs Act. Alternative Minimum Tax Sequestration-- Impact of mandatory sequestration on the refundability of corporate AMT tax credits. Technical corrections and regulations related to life and property/casualty insurance provisions. Computation of Life Reserve Calculation for life insurance companies H.R.7058 - Digital Goods and Services Tax Fairness Act of 2018 - To promote neutrality, simplicity, and fairness in the taxation of digital goods and digital services (Lamar Smith, R-TX) H.R.7176 - Restoring Economic Opportunities for Small Family C-Corporations- To amend the Internal Revenue Code of 1986 to reestablish the 15 percent corporate rate bracket (Steve King, R-IA)
Client expense: $1,070,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)
2018 · third_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 An act to provide reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Issue: implementation of provisions impacting life insurers.
Client expense: $330,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 An act to provide reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Issue: implementation of provisions impacting life insurers.
Client expense: $300,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 1262 - To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes; entire bill H.R. 2181 - Insurance Company Tax Modernization and Parity Act of 2017; entire bill H.R. 5003 - To amend the Internal Revenue Code of 1986 to reinstate advance refunding bonds; entire bill H.R. 6587 - To amend the Internal Revenue Code of 1986 to allow deductions for amounts contributed to a health savings account by individuals enrolled in qualified health plans; entire bill H.R. 6757 - the Family Savings Act of 2018; entire bill H.R. 6760 - the Protecting Family and Small Business Tax Cuts Act of 2018; entire bill H.R. 6937 - Health Savings Modernization Act of 2018; entire bill S. 805 - A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility S. 3197 - SIMPLE Plan Modernization Act; entire bill S. 3473 - Qualified Health Savings Account Distribution Act of 2018; entire bill
Client expense: $130,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. Issue: Impact of sequestration on AMT credits
Client expense: $430,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (H.R. 1, Tax Cut and Jobs Act of 2017) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L - International tax reform (H.R. 1, Tax Cuts and Jobs Act of 2017) issues flowing from interpretation, congressional intent and Treasury guidance - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (H.R. 2181. life, non-life consolidation) - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $590,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · third_quarter · Taxation/Internal Revenue Code
Issues related to the implementation of H.R. 1, The Tax Cut and Jobs Act, in particular the taxation of insurance and the taxation of foreign earnings of U.S. multinational corporations. H.R. 2181, The Insurance Company Tax Modernization and Parity Act of 2017. Issues related to the HIT tax. S. 2526, the Retirement Enhancement and Savings Act of 2018 and H.R. 6757, the Family Savings Act of 2018, as they relate to employer pensions plans.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES:General tax issues and technical corrections related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, and dividend received deductions. H.R.2181: Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. Current law tax exclusion for employer provided benefits. H.R.4894: Harmful Tax Prevention Act. ISSUE: Health insurer tax moratorium, issues specific to dental insurance. S. 1005: Modernization of Derivatives Act. ISSUE: Debt instruments held by insurance companies.
Client expense: $700,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 173 Excise Tax on Health Coverage Repeal H.R. 2078 Tax Rates and Deductions H.R. 2181 Life Insurance Companies Consolidation H.R. 2818 Disaster Savings Account Contributions Deduction H.R. 2836 Hurricane and Tornado Mitigation Tax Credit H.R. 2849 Emergency Tax Relief S. 803 Corporation Regulatory Violations Tax Deductions S. 1005 Tax Treatment of Derivatives S. 1210 Tax Rates Reduction H.R. 3254 Excise Tax on Opioid Manufactures H.R. 3396 Classification of Employers for Services Providers H.R. 3434 Inverted Corporations H.R. 3679 Tax Relief for Major Disasters S. 1636 Inverted Corporations S. 1673 Unrepatriated Earnings and Income H.R. 1 Tax Cuts and Jobs Act H.R. 4139 Keep Jobs in America H.R. 4172 Tax Relief for Major Disasters S.1 Tax Cuts and Jobs Act S. 1907 Tax Relief for Disaster Areas S. 1925 Limitations on the Deduction of Interest H.R. 5651 Foreign Insurer Excise Tax Exemption
Client expense: $1,070,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · third_quarter · Taxation/Internal Revenue Code
General discussion on P&C and life insurance taxation issues, such as, net operating loss carrybacks and carry forwards, loss reserve deduction, and proration rules; H.R. 1393/S. 540, the Mobile Workforce State Income Tax Simplification Act of 2017, related to state payroll taxes when workers earn income while working in a different state. H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017 - Legislation that would repeal the life/non-life consolidation rules. H.R. 1/PL 115-97 - Implementation of Tax Cuts and Jobs Act.
Client expense: $280,870 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2018 · third_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $824,400 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · third_quarter · Taxation/Internal Revenue Code
AMT Sequestration--Impact of mandatory sequestration on the refundability of corporate AMT tax credits. H.R. 1625, Consolidated Appropriations Act of 2018-- FY 18 Omnibus Spending Proposals related to both corporate and product taxation (not in legislative form): Specifically, capital loss rule temporary relief; STOLI; benefits of tax treatment for life insurance and retirement products. Obama Administration proposals on COLI and SADRD (not yet in legislative form). H.R.1393, S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. P.L. 115-97, formerly H.R. 1 Tax Cuts and Jobs Act. Alternative Minimum Tax Sequestration-- Impact of mandatory sequestration on the refundability of corporate AMT tax credits. Technical corrections and regulations related to life and property/casualty insurance provisions. Computation of Life Reserve Calculation for life insurance companies
Client expense: $830,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)
2018 · second_quarter · Taxation/Internal Revenue Code
General discussion on P&C and life insurance taxation issues, such as, net operating loss carrybacks and carry forwards, loss reserve deduction, and proration rules; H.R. 1393/S. 540, the Mobile Workforce State Income Tax Simplification Act of 2017, related to state payroll taxes when workers earn income while working in a different state. H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017 - Legislation that would repeal the life/non-life consolidation rules. H.R. 1 - Tax Cuts and Jobs Act.
Client expense: $598,946 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. Issue: Impact of sequestration on AMT credits
Client expense: $440,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
H.R. 1262 - To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes; entire bill H.R. 2181 - Insurance Company Tax Modernization and Parity Act of 2017; entire bill S. 805 - A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility
Client expense: $60,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (H.R. 1, Tax Cut and Jobs Act of 2017) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L. - International tax reform (H.R. 1, Tax Cuts and Jobs Act of 2017) issues flowing from interpretation, congressional intent and Treasury guidance. - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (H.R. 2181. life, non-life consolidation)
Client expense: $540,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · second_quarter · Taxation/Internal Revenue Code
Issues related to the implementation of H.R. 1, The Tax Cut and Jobs Act, in particular, the taxation of insurance and the taxation of foreign earnings of U.S. multinational corporations. H.R. 2181, The Insurance Company Tax Modernization and Parity Act of 2017. Issues related to the HIT tax. S. 2526, the Retirement Enhancement and Savings Act of 2018, as it relates to employer pensions plans.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES:General tax issues and technical corrections related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, and dividend received deductions. H.R.2181: Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. Current law tax exclusion for employer provided benefits. H.R.4894: Harmful Tax Prevention Act. ISSUE: Health insurer tax moratorium, issues specific to dental insurance. S. 1005: Modernization of Derivatives Act. ISSUE: Debt instruments held by insurance companies.
Client expense: $820,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Securities & Exchange Commission (SEC)
2018 · second_quarter · Taxation/Internal Revenue Code
H.R. 173 Excise Tax on Health Coverage Repeal H.R. 2078 Tax Rates and Deductions H.R. 2181 Life Insurance Companies Consolidation H.R. 2818 Disaster Savings Account Contributions Deduction H.R. 2836 Hurricane and Tornado Mitigation Tax Credit H.R. 2849 Emergency Tax Relief S. 803 Corporation Regulatory Violations Tax Deductions S. 1005 Tax Treatment of Derivatives S. 1210 Tax Rates Reduction H.R. 3254 Excise Tax on Opioid Manufactures H.R. 3396 Classification of Employers for Services Providers H.R. 3434 Inverted Corporations H.R. 3679 Tax Relief for Major Disasters S. 1636 Inverted Corporations S. 1673 Unrepatriated Earnings and Income H.R. 1 Tax Cuts and Jobs Act H.R. 4139 Keep Jobs in America H.R. 4172 Tax Relief for Major Disasters S.1 Tax Cuts and Jobs Act S. 1907 Tax Relief for Disaster Areas S. 1925 Limitations on the Deduction of Interest H.R. 5651 Foreign Insurer Excise Tax Exemption
Client expense: $1,590,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · first_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 An act to provide reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Issue: taxation of life insurers.
Client expense: $730,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 An act to provide reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Issue: implementation of provisions impacting life insurers.
Client expense: $190,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
AMT Sequestration--Impact of mandatory sequestration on the refundability of corporate AMT tax credits. H.R. 1625, Consolidated Appropriations Act of 2018-- FY 18 Omnibus Spending Proposals related to both corporate and product taxation (not in legislative form): Specifically, capital loss rule temporary relief; STOLI; benefits of tax treatment for life insurance and retirement products. Obama Administration proposals on COLI and SADRD (not yet in legislative form). H.R.1393, S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. P.L. 115-97, formerly H.R. 1 Tax Cuts and Jobs Act. Alternative Minimum Tax Sequestration-- Impact of mandatory sequestration on the refundability of corporate AMT tax credits. Technical corrections and regulations related to life and property/casualty insurance provisions. Computation of Life Reserve Calculation for life insurance companies
Client expense: $810,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)
2018 · second_quarter · Taxation/Internal Revenue Code
Insurance company taxation and impact on property/casualty insurance, including preservation of net operating loss carryback, Subchapter L, deductibility of loss reserves, and maintenance of current treatment of municipal bond interest. Implementation of PL 115-97 - property and casualty loss discount changes; net operating loss consolidated return application H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017
Client expense: Not reported · Firm income: $21,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2018 · second_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $867,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · second_quarter · Taxation/Internal Revenue Code
General discussion on P&C and life insurance taxation issues, such as, net operating loss carrybacks and carry forwards, loss reserve deduction, and proration rules; H.R. 1393/S. 540, the Mobile Workforce State Income Tax Simplification Act of 2017, related to state payroll taxes when workers earn income while working in a different state. H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017, related to life/non-life consolidation rules. Implementation of H.R. 1/PL 115-97, the Tax Cuts and Jobs Act, related to the tax treatment of business income of individuals.
Client expense: $264,000 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Office of Management & Budget (OMB), SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
Insurance company taxation and impact on property/casualty insurance, including preservation of net operating loss carryback, Subchapter L, deductibility of loss reserves, and maintenance of current treatment of municipal bond interest. Implementation of PL 115-97 - property and casualty loss discount changes H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017
Client expense: Not reported · Firm income: $21,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. Issue: Impact of sequestration on AMT credits
Client expense: $490,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (H.R. 1, Tax Cut and Jobs Act of 2017) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L. - International tax reform (H.R. 1, Tax Cuts and Jobs Act of 2017) issues flowing from interpretation, congressional intent and Treasury guidance. - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (H.R. 2181. life, non-life consolidation) - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $620,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 533 - Corporate Rate Equality and Trade Empowerment (CREATE) Jobs Act; entire bill H.R. 1262 - To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes; entire bill H.R. 1625 - Consolidated Appropriations Act, 2018; provisions relating to taxation of retirement savings products and health savings accounts H.R. 1932 - To end offshore corporate tax avoidance; entire bill H.R. 2181 - Insurance Company Tax Modernization and Parity Act of 2017; entire bill S. 18 - Fair Tax Act of 2017; entire bill S. 805 - A bill to impose a tax on certain trading transactions to invest in our families and communities, improve our infrastructure and our environment, strengthen our financial security, expand opportunity and reduce market volatility; entire bill Not Yet Introduced: Legislation to levy 2% remittance tax on financial products; entire bill
Client expense: $350,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Taxation/Internal Revenue Code
H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES:General tax issues related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, dividend received deductions. H.R.2181: Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. Current law tax exclusion for employer provides benefits. H.R.4894: Harmful Tax Prevention Act. ISSUE: Health insurer tax moratorium, issues specific to dental insurance.
Client expense: $750,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
TAX -First Quarter Report - 2018 H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R. 1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R. 1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R. 2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $1,050,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Taxation/Internal Revenue Code
Issues related to the implementation of H.R. 1, The Tax Cut and Jobs Act, as it relates to the taxation of insurance and the taxation of foreign earnings of U.S. multinational corporations. H.R. 2181, The Insurance Company Tax Modernization and Parity Act of 2017, issues related to the HIT tax. S. 2526, the Retirement Enhancement and Savings Act of 2018, as it relates to employer pensions plans.
Client expense: Not reported · Firm income: $60,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Taxation/Internal Revenue Code
Tax reform issues: taxation of life insurance products and companies, general tax issues. HR 1393 / S 540 Mobile Workforce Income Tax Simplification Act of 2017: withholding from multi-state employees. HR 2181 Insurance Company Tax Modernization and Parity Act of 2017. Issue: taxation of life insurers. HR 1 / PL 115-97 An act to provide reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. Issue: taxation of life insurers.
Client expense: $480,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
General discussion on P&C and life insurance taxation issues, such as, net operating loss carrybacks and carry forwards, loss reserve deduction, and proration rules; H.R. 1393/S. 540, the Mobile Workforce State Income Tax Simplification Act of 2017, related to state payroll taxes when workers earn income while working in a different state. H.R. 2181, Insurance Company Tax Modernization and Parity Act of 2017 - Legislation that would repeal the life/non-life consolidation rules. H.R. 1 - Tax Cuts and Jobs Act.
Client expense: $598,946 · Firm income: Not reported
Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Reserve System, HOUSE OF REPRESENTATIVES, SENATE, Transportation, Dept of (DOT), Treasury, Dept of
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 173 Excise Tax on Health Coverage Repeal H.R. 2078 Tax Rates and Deductions H.R. 2181 Life Insurance Companies Consolidation H.R. 2818 Disaster Savings Account Contributions Deduction H.R. 2836 Hurricane and Tornado Mitigation Tax Credit H.R. 2849 Emergency Tax Relief S. 803 Corporation Regulatory Violations Tax Deductions S. 1005 Tax Treatment of Derivatives S. 1210 Tax Rates Reduction H.R. 3254 Excise Tax on Opioid Manufactures H.R. 3396 Classification of Employers for Services Providers H.R. 3434 Inverted Corporations H.R. 3679 Tax Relief for Major Disasters S. 1636 Inverted Corporations S. 1673 Unrepatriated Earnings and Income H.R. 1 Tax Cuts and Jobs Act H.R. 4139 Keep Jobs in America H.R. 4172 Tax Relief for Major Disasters S.1 Tax Cuts and Jobs Act S. 1907 Tax Relief for Disaster Areas S. 1925 Limitations on the Deduction of Interest
Client expense: $1,220,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Emergency Management Agency (FEMA), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Natl Security Council (NSC), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR)
2018 · first_quarter · Taxation/Internal Revenue Code
H.R. 1: Tax Cuts and Jobs Act. ISSUE: Taxation of life insurers. H.R.1393: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181 - Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers. S. 540: Mobile Workforce State Income Tax Simplification Act of 2015. ISSUE: Withholding from multi-state employees.
Client expense: $908,700 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · fourth_quarter · Taxation/Internal Revenue Code
- Business Tax Reform; (H.R. 1, Tax Cut and Jobs Act of 2017) general corporate reforms, corporate integration proposal, investment reforms, retirement reforms and insurance specific reforms to Subchapter L. - International tax reform (H.R. 1, Tax Cuts and Jobs Act of 2017). - Two provisions of proactive company tax reforms; life/non-life consolidation, ordinary treatment of bonds. Advocated for introduction in House of Representatives (H.R. 2181. life, non-life consolidation). - Draft legislation (Sen. Wyden) to address derivatives taxation; specific provision to provide ordinary tax character treatment of bonds.
Client expense: $1,050,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)
2017 · fourth_quarter · Taxation/Internal Revenue Code
H.R.1: An Act to provide for reconciliation pursuant to titles II and V of the concurrent resolution on the budget for fiscal year 2018. ISSUES:General tax issues related to the business of insurance, taxation of life insurer reserves, deferred acquisition costs, dividend received deductions, and non-qualified deferred compensation. H.R.1262: To amend the Internal Revenue Code of 1986 to clarify the tax treatment of certain life insurance contract transactions, and for other purposes. ISSUE: Taxation of life settlement transactions. H.R.2181: Insurance Company Tax Modernization and Parity Act of 2017. ISSUE: Taxation of life insurers.
Client expense: $740,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Natl Economic Council (NEC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of