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- Title
Insurance Perspectives—LB&I Directive on Insurance Company Hedging of Variable Annuity Guaranteed Benefits.
- Authors
Mitchell, Samuel A.
- Abstract
The article focuses on the directive issued by the U.S. Internal Revenue Service (IRS) Large Business & International Division (LB&I) regarding hedge gains and losses in variable annuity (VA) contracts. Topics discussed include the Industry Issue Resolution (IIR) request on VA Hedging issue that resulted to the issuance of the directive, qualification of tax hedge, and the use of the Commissioners' Annuity Reserve Valuation Method (CARVM) to determine reserves for annuity contracts.
- Subjects
TAXATION of hedging (Finance); VARIABLE annuities; UNITED States. Internal Revenue Service; GAIN recognition; LOSS recognition
- Publication
Journal of Taxation of Financial Products, 2015, Vol 12, Issue 3, p5
- ISSN
1529-9287
- Publication type
Article