Tax policy stirs agent action in D.C. and beyond. (insurance agents and brokerages) (Column): An article from: National Underwriter Property & Casualty-Risk & Benefits Management

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on July 13, 1992. The length of the article is 621 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: The House of Representatives and the Senate are considering changes to the tax code affecting insurance agencies and brokerages. Depreciation of intangible assets, such as brokers' customer lists, was banned in 1989. Congress has bills changing prospective intangible amortization periods to 14 years in the House bill and 16 years in the Senate version, which also would allow a 75% depreciation for assets affected by the 1989 ban. In addition, the American Institute of Certified Public Accountants is proposing requiring agents and brokers to account for policy sales up front, not when the premiums are collected.

Citation Details
Title: Tax policy stirs agent action in D.C. and beyond. (insurance agents and brokerages) (Column)
Author: Colleen Mulcahy
Publication:National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: July 13, 1992
Publisher: The National Underwriter Company
Issue: n28 Page: p9(2)

Article Type: Column

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