IRS provides annual domestic asset & liability percentages for foreign insurance companies

Insurance Tax Bulletin

As it does each year, the IRS has provided domestic asset/liability percentages and domestic investment yields for foreign insurance companies. These percentages should be used to compute minimum effectively connected net investment income under section 842(b) for taxable years beginning after December 31, 2011. The IRS also provided instructions for computing foreign insurance companies’ liabilities for estimated tax and installment payments of estimated tax. See Rev. Proc. 2013-33.

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