ITB 11-45: IRS provides section 842(b) percentages for foreign insurers for 2010

In Rev. Proc. 2011-45, the IRS provided the domestic asset/liability percentages and domestic investment yields needed by foreign life insurance companies and foreign property and liability insurance companies to compute their minimum effectively connected net investment income under Section 842(b) for tax years beginning after December 31, 2009. The procedure also provides instructions for computing foreign insurance companies' liabilities for the estimated tax and installment payments of estimated tax for tax years beginning after December 31, 2009.