Federal Income Taxation
What you will learn:
Participants will develop an understanding of the theory and structure of life insurance company taxation, acquire the knowledge and skills needed to complete or review the Form 1120-L, and learn how taxation affects financial reporting.
The Federal Income Taxation textbook for this seminar includes a detailed illustration of a completed Form 1120-L from a model company statutory Annual Statement, along with supporting workpapers.
Seminar content:
- Role of the Annual Statement in tax compliance
- Analysis of industry-specific tax law
- Investment income and capital gains (losses)
- Reinsurance
- Statutory and tax-basis reserves
- Gross premiums and other income
- Proration of company/policyholder share percentage
- Death benefits and other deductions
- DAC tax (policy acquisition expenses)
- Completion of Form 1120-L, with Alternative Minimum Tax (AMT)
- Statutory and GAAP tax accounting and disclosures
Who Should Attend:
Tax practitioners, accountants, managers and others responsible for preparation or review of a life insurer’s tax return or those desiring an understanding of life insurance company taxation and its impact on accounting and financial reporting.
Prerequisites:
No advance preparation or prerequisite is required for this intermediate level seminar. However, familiarity with statutory accounting concepts and the organization of the Annual Statement would be helpful.
Class Times:
Class begins at 8:30 a.m. and ends at 5:00 p.m. except on the last seminar day which adjourns at 12:15 p.m.
Estimated CPE Credit: 20.0 hours
Tuition: $1895
Upcoming seminar dates and locations:
To register and pay by credit card, use the Register Now button(s) below.
To register by mail and pay by check, click here.
| Location | Start Date | End Date | Hotel and Nightly Rate | |
|---|---|---|---|---|
| Miami, FL | Nov 15 | Nov 17 | J.W. Marriott Marquis Hotel Miami ($179) |
Upcoming Seminars
Aug 30 - P&C Accounting and Financial Reporting
Aug 30 - Health Annual Statement
Aug 30 - P&C Annual Statement
Aug 30 - Life Annual Statement
Aug 31 - P&C Derivative Accounting and Reporting
Aug 31 - Life Derivative Accounting and Reporting
Sep 1 - P&C Loss Reserve Analysis
Sep 1 - P&C Financial Reporting for Non-Financial Managers
Sep 1 - Life Investment Accounting and Reporting
