ITB 12-04: Fifth circuit finds insurance deposits by business not deductible as premiums

In F.W. Services Inc. v. Commissioner, the IRS ruled that premium payments held by insurer as deposit against future deductibles that was refundable to a business at the end of a contract cannot be deducted under Section 162(a) as an insurance premium.

Download PDF

Insurance Tax Bulletin newsletter archive

Insurance home
Insurance publications
Insurance tax
Actuarial
Risk and capital management
Policy administration, claims and billing transformation
Business strategy
Regulatory
Statutory accounting
Webcasts

Contacts

Insurance tax leaders

Subscribe to tax publications, webcasts and news alerts

© 2012-2013 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the United States member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.

Privacy
Legal
Site provider
Site map