Other Practice Areas
The Firm has experience in many other practice areas. For example, the Firm:
- Advises on the appropriate level of tax contingency reserves;
- Submitted comments to the Treasury Department on matching premium acquisition expenses with related gross premium accelerated under the earned premium regulations under I.R.C. § 832;
- Processes and develops requests for global interest netting;
- Developed a deferred compensation program for independent contractor agents to create incentives for marketing;
- Serves as tax counsel on Congressional legislative projects, advising on technical tax issues and monitoring legislative developments;
- Advises on the issues involved in obtaining and retaining tax-exempt status for nonlife insurance companies under I.R.C. § 501(c)(15);
- Advises on information reporting and withholding obligations and penalties with respect to payments under insurance products, foreign transactions and application of tax treaties;
- Serves as tax counsel for tax-exempt organizations, providing tax advice on various issues including avoiding UBIT and adopting tax-efficient procedures;
- Advises on the federal excise tax under I.R.C. § 4371;
- Advises companies of reporting, listing and registration requirements on purported tax shelters; and
- Submitted comments on the impact of I.R.C. § 409A on deferred compensation arrangements of insurance companies.
Read more about our practice
- Litigation and Administrative Controversies
- Reinsurance and Corporate Transactions
- Insurance and Financial Products
- Representation of State Insurance Departments