- 10,696
But you are currently an Investment Advisor Representative, correct? Series 65?
Insurance company acting as Trustee
- Thread starter AnnuityGuy63
- Start date
But you are currently an Investment Advisor Representative, correct? Series 65?
- 10,696
The exception for tax-deferral for a Trust "acting as agent" of a natural person is still a grey area.
Unless the IRS has issued a Ruling (other than the few private letter rulings it has already issued), that I am unaware of.
Some Tax Attorneys are ok sayings its deferable. Others are not.
There is no clear IRS ruling on this to date, last I checked.
Per the code of law, if taken verbatim, it's not deferrable for all.
The IRS has ruled on certain Trusts. But not all.
Unless the IRS has issued a Ruling (other than the few private letter rulings it has already issued), that I am unaware of.
Some Tax Attorneys are ok sayings its deferable. Others are not.
There is no clear IRS ruling on this to date, last I checked.
Per the code of law, if taken verbatim, it's not deferrable for all.
The IRS has ruled on certain Trusts. But not all.
- 10,696
In a Trust Owned Annuity, the Penalty for withdrawals prior to age 59 1/2 is based on the Annuitant. Not Owner.
- 11,454
Not currently. I was but didn't do enough business to remain registered with them.
- 11,454
Agreed, hence the "theoretically" part and I clarified later.
