cash surrender value of life insurance balance sheet

472 results for cash surrender value of life insurance balance sheet

  • vLex Rating
  • Financial Accounting, Reporting & Records Retention Requirements Under Public Utility Holding Co. Act of 2005, 042406 FERC, RM06-11-000

    ... to determine the sum of the closing balances, at the end of each calendar year, in Account ...           2. Balance Sheet Accounts .          18. The Commission ...          367.1310 Account 131, Cash.          367.1340 Account 135, Other ...          367.4262 Account 426.2, Life insurance.          367.4263 Account ... issuance of common stock in a merger, the value of such consideration must be determined on a ... (net premiums less increase in cash surrender value of policies).           § ...

  • Integration of National Bank and Federal Savings Association Regulations: Licensing Rules

    ... associations to the Federal Deposit Insurance Corporation (FDIC). Dodd-Frank Act, section ...The final rule reflects a balance of these considerations. In addition, this ... to pay fees by check, money order, cashier's check, or wire transfer. We proposed to ... an application to merge or otherwise surrender its charter and the application has been pending ... related facilities and the outstanding book value of these investments does not exceed the ... showing the bank's current balance sheet. Revised Sec. 5.48(e)(6) requires a national ... (I) Underwriting and reinsuring credit life and disability insurance;. (J) Leasing of ...

  • Integration of National Bank and Federal Savings Association Regulations: Licensing Rules

    ... associations to the Federal Deposit Insurance Corporation (FDIC). Dodd-Frank Act, section ... fees to be paid by check, money order, cashier's check, or wire transfer. Under this ... an application to merge or otherwise surrender its charter and the application has been pending ... related facilities and the outstanding book value of these investments does not exceed the ... in the bank's Call Reports, plus the balance of a bank's allowance for loan and lease losses ... showing the bank's current balance sheet. Proposed Sec. 5.48(e)(6) would require a ... (I) Underwriting and reinsuring credit life and disability insurance;. (J) Leasing of ...

  • Reports and guidance documents; availability, etc.: Standard concession contracts; revision,

    ...C. Leasehold Surrender Interest. D. Concession Facilities Improvement ...12 Indemnification and Insurance. A. Indemnification. B. Insurance in General. C. ...D. Procedures for Establishing the Value of a Leasehold Surrender Interest. E. ... natural and historic objects and the wild life therein, and to provide for the public enjoyment ... to, the Concessioner from all sales for cash or credit, of services, accommodations, ...(4) The balance in the Maintenance Reserve shall be available for ...(c) Other Financial Reports. (1) Balance Sheet. Within ninety (90) days of the execution of this ...

  • Exelon Corp. v. Commissioner of Internal Revenue, 091916 FEDTAX, 29183-13

    ... plant's useful life, receiving in turn a lump-sum payment. of ...Unicom needed of cash to maintain and. expand its nuclear ... plants would bring less value than immediate sale, Unicom. decided in ... cost/off-balance-sheet financing alternatives might also be. ... USA, Inc., advised Unicom on standard insurance practices for. the U.S. utility industry ... surrender its right, title, and interest under the Wansley. ...

  • 445 F.2d 13 (2nd Cir. 1971), 450, United States v. Fassoulis

    ... charges as to codefendant Community National Life Insurance Company were severed. Fassoulis was ...No cash was paid to Community National and no premium on ... were the policies' stated cash surrender values which approximated $2.6 million. Although ... Bank, it was conceded at trial that AIC's balance sheet carried a fictitious double entry ...

  • Accounts
  • 28 T.C. 64 (1957), 53272, Ortmayer v. C.I.R.

    ... Company issued 750 shares of $1-par-value common stock (having a market value of $350 per ... each) in a pro rata exchange for the surrender by its shareholders of the 750 outstanding ... following the exchange of stock and cash for stock and securities, in return for the ... the aforesaid $30,000 plus a $65,561.52 balance in an account receivable-stockholder drawing ... to pay the premiums on certain existing insurance policies carried on his life in which his wife ... Agent made on the company's balance sheets for the years 1939 through 1945, which resulted ...

  • Notice Seeking Comment on Asset Management Products and Activities

    ... investment advisers, banks and thrifts, insurance companies, commodity trading advisors, and ... risk that an entity is unable to meet its cash or other obligations in a timely manner, is a ... collateralized by an amount exceeding the value of the securities loaned, and the required ... accounts may serve as funding vehicles for life insurance policies or annuity contracts that ...surrender charges and loss of economic and tax ... (i.e., borrowings reflected on the balance sheet), or synthetic (i.e., exposures embedded in ...

  • VA Compensation and Pension Regulation Rewrite Project

    ... certain definition of the term ``probative value of evidence'', namely ``the tendency, if any, of ...(b) contains the language ``approximate balance of positive and negative evidence'' and that the ..., Compensation and Pension, Transmittal Sheet 437 at I,. Page 71085. 132-3R (May 21, 1969). ... to function under ordinary conditions of life. In response to this comment, we note that ... applies to interest received from the surrender of a life insurance policy. However, if a bond ... 5.472(b)(2) defined ``payments'' as ``cash and cash equivalents (such as goods and other ...

  • 80 T.C. 34 (1983), 1717-78, Foster v. C.I.R.

    ... to the sellers of the property for the balance of the purchase price. Under the terms of the ..., the Foster partnership utilized the cash method of accounting. The principal issues in ... method which served to accelerate land value. On the other hand, the Fosters' success in ...During the life of the contract (August 1961 to December 1962), ... was financed in part by bank and insurance company loans and in part by proceeds derived ... capital because they did not want to surrender any control over the project or share any of the ... be conveyed in order to improve the balance sheet of Foster Enterprises. Although there is indeed ...

  • 681 F.2d 934 (4th Cir. 1982), 78-1066, United States v. Troxler Hosiery Co., Inc.

    ... serious hardship, by (1) realizing the net cash surrender value on certain life insurance ...It claims that, as per its balance sheet, its liabilities exceed its assets, and it ...

  • 78 F.2d 778 (8th Cir. 1934), 10119, Helvering v. Missouri State Life Ins. Co.

    ... income taxes of the Missouri State Life Insurance Company for the years 1928 and 1929. 29 B. T. A. ... his note and mortgage, regardless of the value of the property acquired?.          2. ...Where a stranger buys, he pays cash to the officer making the sale, who pays it to ... however, does not, we think, apply to a surrender by the mortgagor to the mortgagee of the ...to the International and the balance to the reduction of the deficit so long as the lance sheet showed a deficit. When a surplus was shown, the ...

  • 73 T.C. 370 (1979), 2103-76, Danenberg v. C.I.R.

    ... maintained their books and records on the cash method of accounting, and they filed their income ... petitioner did the bank assign a specific value to any of the items of collateral at the time of ... escrow account was opened with a title insurance company to carry out the sale of the six lots. On ...The balance sheet of Meloland on June 30, 1971, revealed that ... 15, 1971, he listed assets including a life insurance policy, a note receivable in the amount ... Life insurance policy (cash-surrender value) 8,559.00 . Jewelry 12,000.00 . ...

  • Racial discrimination in the administration of the death penalty: the experience of the United States Armed Forces (1984-2005).

    ..., the first sentencing issue was whether a life sentence or a term of years would be given. In ...(34) The balance of the 7G aggravating factor reflects an effort ...In 1987, to collect a life insurance payment, Joseph Thomas, a 28-year-old field ... abroad in a country that would not surrender custody of the accused until the United States ... the level of statistical significance (p value) reported for the white-victim disparity. The ... referral but the SJA prepares a charge sheet with the choice indicated and informs the ...Colon also stole cash and U.S. Treasury checks from the victim's ...

  • Conn. Agencies Regs. § 16-27-1 - Private sewerage utilities
  • 60 T.C. 469 (1973), 8176-71, Estate of Bell v. C.I.R.

    ...72(c), I.R.C. 1954, is the fair market value of the property transferred. ...William Bell owned the balance" of the stock in these corporations.       \xC2"...They had a joint life expectancy of 18.7 years. The expected return ...; CERTAIN PROCEEDS OF ENDOWMENT AND LIFE INSURANCE CONTRACTS.          (a) GENERAL RULES ...This Court has held many times that a cash method taxpayer does not include in the ..., where such other factors as cash surrender value and guaranteed benefits might be involved. ...          Comparative balance sheets of petitioner as of the close of its taxable ...

  • W. Va. Code R. § 38-2-11 - Insurance and Bonding
  • 10 T.C. 218 (1948), 8999, William C. Atwater & Co., Inc. v. C.I.R.

    ... petitioner purchase his share at ‘ book value,‘ plus two years or earnings. Petitioner ... petitioner's business required large sums of cash and its cash resources were needed in the ... to Steinbugler on open account, were surrendered by him and a new certificate, No. 28, for 1,200 ... and interest at 5 per cent on the unpaid balance was computed quarterly and charged to the ..., 1943, at the office of the Indemnity Insurance Co. of North America, by delivery to ... figures relating to earnings and balance sheet position for each of the companies whose stock is ... Life insurance, cash surrender value 7,703.00 ...

  • 61 T.C. 278 (1973), 7389-70, Alexander v. C.I.R.

    ..., X, a corporation, sold its assets to Z for cash and other consideration, including an agreement ... Cash $117,741.14 . Life insurance policy (cash surrender value) ...Trade accounts receivable balances as of October 26, 1966, resulting from retained . ...On its balance sheet as of September 30, 1966, attached to the sale ...

  • 123 T.C. 284 (T.C. 2004), 11630-01L, Enos v. Commissioner of Internal Revenue

    ... and 6332 for wrongfully refusing to surrender the customer's property to respondent; and. . 6. ... for fraud of $ 44,078.01 relating to certain cash transactions, and interest of $ 32,652.73. ...Petitioners' balance sheet for their business shows that petitioners ... amount of $ 393,466, for a total value of $ 102,944. A note to the balance sheet ... 301.6332-2, relating to levy in the case of life insurance and endowment contracts, and in section ...

  • Financial Accounting, Reporting and Records Retention Requirements Under Public Utility Holding Company Act Of 2005, 101906 FERC, RM06-11-000

    ...- 48 -.          6. Balance Sheet Accounts ... an affiliate company must be at its book value. Additionally, if property is acquired that is in ... property, over the lease term if the service life of the improvement is terminable by the action of ... in associate companies and temporary cash investments. Proposed Schedule XII provides ...      367.4262 Account 426.2, Life insurance.          367.4263 Account 426.3, ... (net premiums less increase in cash surrender value of policies).           § ...

  • Goyak v. Commissioner of Internal Revenue, 011112 FEDTAX, 12990-07

    ...Thornhill specialized in insurance. Mr. Thornhill had sold 17 section 419 welfare ... which the Millennium Plan will purchase a life insurance policy on each covered employee. ... which can be borrowed against to provide cash. The trustee is also authorized to purchase ... the same rating group and by changes in value of Millennium Plan assets (mostly changes in the ...One of the sheets in the presentation, entitled "If You Keep Doin' ... of 15 years the investment would have a balance of $1, 683, 810. The next sheet is entitled "If ...Goyak's life had a cash surrender value that could be collected by the policyholder ...

  • Transfer Agent Regulations

    ... of any adverse claim, the buyer must give value, not have notice of any adverse claim to the ... transfer would be rejected as ``out of balance'' and returned to the broker, a process known as ... a deficiency, it would attach a rejection sheet to the certificate in question and return it to ... volumes, deliveries to customers of both cash and securities were frequently late, and stock ...78c(a)(25). Note that any insurance company or separate account which performs such ... to variable annuity contracts or variable life policies which it issues or any registered ... the exchange agent might facilitate the surrender of outstanding securities for new securities, and ...

  • 80 T.C. 672 (1983), 9471-77, Thompson Engineering Co. Inc. v. C.I.R

    ... loans to its sole shareholder; the balance of these loans increased during the years in ... business, as well as doing related sheet metal work. During the period 1971 through 1974, ... as contractors, to have greater amounts of cash and quick assets. From 1971 through 1974, many ... to a different agent, the Progressive Insurance Co. (hereinafter sometimes referred to as ... generally excluded from working capital the value of any other inventory held by the contractor; ... Officers' life insurance- . Cash surrender value ...