The U.S. Tax Court Rejects 501(c)(15) Status For Commonwealth Underwriting & Annuity Services, Inc.

(March 08 12:59) Forbes.com

Discusses the failure of a purported offshore issuer of annuity contracts to qualify for 501(c)(15) status in Commonwealth Underwriting & Annuity Services, Inc. v. Comm'r, T.C.Memo 2023-27 (Mar. 2, 2023),

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The U.S. Tax Court Rejects 501(c)(15) Status For Commonwealth Underwriting &amp; Annuity Services, Inc.

The U.S. Tax Court Rejects 501(c)(15) Status For Commonwealth Underwriting & Annuity Services, Inc.