Internal Revenue Code Section 6050Y

GPTKB entity

Statements (19)
Predicate Object
gptkbp:instanceOf gptkb:United_States_federal_law
gptkbp:administeredBy gptkb:Internal_Revenue_Service
gptkbp:appliesTo acquirers of life insurance contracts
life insurance companies
payors of reportable death benefits
gptkbp:codifiedIn gptkb:26_U.S.C._§_6050Y
gptkbp:enactedBy gptkb:United_States_Congress
https://www.w3.org/2000/01/rdf-schema#label Internal Revenue Code Section 6050Y
gptkbp:insertedBy gptkb:Tax_Cuts_and_Jobs_Act_of_2017
gptkbp:partOf gptkb:Internal_Revenue_Code
gptkbp:relatedTo reporting of certain life insurance contract transactions
gptkbp:requires gptkb:Form_1099-LS
gptkb:Form_1099-SB
reporting of information to IRS and payees
reporting of payments of reportable death benefits
reporting of reportable policy sales
gptkbp:startDate 2018
gptkbp:bfsParent gptkb:IRS_Form_1099-SB
gptkbp:bfsLayer 6