Reinsurance Ceding Commissions : An Analysis of Colonial American Life v. Commissioner.

Explains the Supreme Court's decision that so-called ceding commissions in indemnity reinsurance transactions may not be deducted in full for the taxable year in which they are incurred but must be capitalized and amortized over the life of the indemnity reinsurance agreement.

Bibliographic Details
Corporate Authors:	Library of Congress. Congressional Research Service, ProQuest (Firm)
Format:	eBook
Language:	English
Published:	[Place of publication not identified] : [publisher not identified], 1989.
Series:	U.S. Congressional Research.
Subjects:	United States. > Laws, etc. (Statutes of the United States) Judge-made law. Insurance. Electronic books.
Online Access:	Connect to the full text of this electronic book

Description
Summary:	Explains the Supreme Court's decision that so-called ceding commissions in indemnity reinsurance transactions may not be deducted in full for the taxable year in which they are incurred but must be capitalized and amortized over the life of the indemnity reinsurance agreement.
Item Description:	Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed June 2010). Reuse except for individual research requires license from ProQuest, LLC. CRS Report. Electronic resource.
Physical Description:	1 online resource.