Life Insurer's Proration Method for Calculating
Journal of Taxation (01/01) Vol. 94, No. 1 p.58

The Internal Revenue Service (IRS) has sanctioned the proration application life insurers use for separate accounts. In its TAM 200038008 ruling, the IRS said that a life insurer's proration methodology for separate accounts is acceptable for determining both the insurer's and the policyholders' share of a dividends-received deduction.

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