What will be the effect of the Trump administration’s tax cuts on the insurance industry? The Federal Bar Association’s Insurance Tax Seminar May 31- June 1, 2018 will provide a high-level answer to that very question.
Panelists Pamela Olson (U.S. Deputy Tax Leader & WNTS Leader, PriceWaterhouse Coopers LLP), Philip M. Jacobs (KPMG LLP), Matthew MacMillen (Lincoln Financial Group), and Joseph B. Sieverling (Reinsurance Association of America) shall examine the changes impacting insurers as a result of the Tax Cuts and Jobs Act. These renown experts will also review the status/likelihood of a technical corrections bill in a session at the Insurance Tax Seminar on “Tax Cuts and Jobs Act: A High-Level Overview.” Register now for the Insurance Tax Seminar at www.fedbar.org/instax18.
Some of the biggest tax changes in 30 years are impacting the insurance industry. On December 22, 2017, President Trump signed into law a budget reconciliation act commonly referred to as the Tax Cuts and Jobs Act. This sweeping tax bill represents the most comprehensive reform of U.S. tax law in decades. It makes extensive changes to the Internal Revenue Code. Additionally, almost all of its provisions, including a lower corporate tax rate of 21% and lower individual income tax rates, went into effect January 1, 2018. Accountants, insurance companies, lawyers, and other businesses will see major changes as a result of the new law.
The insurance industry is constantly evolving, offering new and improved products to meet the needs of a changing demographic. The intersection of these rules for insurance companies is an increasingly complex landscape that calls for insurance tax professionals, lawyers, and IRS representatives to work closely and efficiently.
From May 31 – June 1, 2018 in Washington, D.C., the FBA Section on Taxation offers an inclusive forum for both tax professionals and the insurance industry to share information, exchange ideas, and forge networking relationships with others in the industry. Attendees will learn from professionals about recent changes affecting the industry as a result of the Tax Cuts and Jobs Act, and best practices for tax planning and compliance. Register today for the Insurance Tax Seminar at www.fedbar.org/instax18. Early bird incentives end April 20, 2018.
Various reforms to U.S. tax law makes significant changes to provisions affecting life, property, and casualty insurance companies. Some of the specific Tax Act provisions could materially affect the profitability of insurance companies and their products.
Comprehensive changes to the U.S. tax code have historical implications for future tax liabilities, surplus, life insurance, and tax planning strategies. Panelists will discuss IRS controversies; proposed regulations; cross border transactions; administrative guidance; Congressional investigations; Federal and State taxes affecting insurers and reinsurers; and the structuring of transactions.
Join the FBA at the 2018 Insurance Tax Seminar in Washington, D.C. Sign up now at www.fedbar.org/instax18.
Stacy Slotnick, Esq. holds a J.D., cum laude, from Touro Law Center and a B.A., summa cum laude, from the University of Massachusetts Amherst. She performs a broad range of duties as an entertainment lawyer, including drafting and negotiating contracts; addressing and litigating trademark, copyright, patent, and other IP issues; and directing the strategy and implementation of public relations, blogging, and social media campaigns.