Life Insurance Form 8925

A number of policies.

Life insurance form 8925. 2 in addition to closely following the pre policy issue procedural steps every policyholder owning eoli issued after august 17 2006 must provide on irs form 8925 the following information each year the policies are owned. You can download or print current or past year pdfs of form 8925 directly from taxformfinder. You can print other federal tax forms here. Please be sure your shindelrock professional knows if your company owns life insurance contracts on any employees of your company.

The annual reporting is simple. We last updated the report of employer owned life insurance contracts in february 2020 so this is the latest version of form 8925 fully updated for tax year 2019. We can then help to ensure that you are compliant with these rules and eliminate any unexpected tax consequences in the future. Form 8925 report of employer owned life insurance contracts.

Form 8925 must be filed with a taxpayers regular annual income taxes. If you have master contracts see section 101 j 3 for additional information. The number of the policyholder s employees at the end of the year. Other federal other forms.

Use form 8925 to report the number of employees covered by employer owned life insurance contracts issued after august 17 2006. For any life insurance policies issued after august 17 2006 that are owned by an employer the employer must report 2 easy pieces of information on each year via irs form 8925. If you are an employer with employer owned life insurance contracts you are required by the irs to report information about it on form 8925. For purposes of form 8925 an insurance contract is an employer owned life insurance contract if it is owned by a policyholder as defined below and covers the life of the policyholder s employee s on the date the life insurance contract is issued.

Total amount of employer owned life insurance in force on those employees at the end of the tax year. This reporting requirement only applies to contracts issued after august 17 2006. In addition all policyholders of contracts issues after august 17 2006 must attach to their tax return form 8925 report of employer owned life insurance contracts. Form 8925 is used by an employer to report all employer owned life insurance contracts.

B total face amount of said policies.