Baker Tilly's insurance tax specialists provided a year-end update on tax changes impacting the insurance industry and important insights on existing tax provisions.
Key takeaways included:
- What recent federal tax changes impact insurance organizations
- State tax changes that may affect large portions of insurance organizations
- Insight into existing complex regulations, such as SSAP 101
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.