ITB 11-25: U.S. District Court dismisses New York Life's policyholder dividend deduction claim

Insurance Tax Bulletin

A U.S. District Court judge dismissed New York Life Insurance Co.'s suit, which requested a refund of approximately $100 million in taxes, concluding that New York Life failed to properly show that the claimed deductions for policyholder dividends were, in fact, not contingent liabilities.



Return to Tax research and insights
Insurance Tax Bulletin newsletter archive