Statements (22)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
gptkb:tax_law
|
| gptkbp:availableOn |
irs.gov
|
| gptkbp:filingDate |
gptkb:IRS
persons acquiring a life insurance contract or any interest in a life insurance contract |
| gptkbp:filingDeadline |
February 28 (to IRS, paper)
March 31 (to IRS, electronic) January 31 (to seller) |
| gptkbp:firstIssueDate |
2018
|
| gptkbp:format |
information return
|
| https://www.w3.org/2000/01/rdf-schema#label |
Form 1099-LS
|
| gptkbp:issuedBy |
gptkb:Internal_Revenue_Service
|
| gptkbp:penalty |
IRS penalties for late or incorrect filing
|
| gptkbp:relatedTo |
life settlement transactions
|
| gptkbp:reportsTo |
date of sale
policy number gross proceeds paid seller's information |
| gptkbp:requires |
gptkb:Internal_Revenue_Code_Section_6050Y
|
| gptkbp:usedBy |
acquirers of life insurance contracts
|
| gptkbp:usedFor |
reporting acquisition of a life insurance contract
|
| gptkbp:bfsParent |
gptkb:Internal_Revenue_Code_Section_6050Y
|
| gptkbp:bfsLayer |
7
|