ITB 11-03: Insurance company is required to file Form 8300 for related transactions

Insurance Tax Bulletin

In ECC 201104036, the IRS recently stated that an insurance company must file a Form 8300, "Report of Cash Payments Over $10,000 Received in a Trade or Business", for related transactions occurring within a 24-hour period and in cases where an individual buys an insurance policy and an annuity as part of a single estate plan.



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