Insights & Publications
Diversity & Inclusion
© 2021 Debevoise & Plimpton LLP
IRS Counsel’s Memorandum Challenges Deductibility of Ceding Commission for Indemnity Reinsurance Transaction
6 January 2015
View Client Update
A recently released IRS counsel’s memorandum concluded that the taxpayer was required to amortize the ceding commission it paid pursuant to an indemnity reinsurance transaction that was part of a larger acquisition, instead of claiming a current deduction.
The counsel’s position is surprising and appears inconsistent with statutory authority.
Seth L. Rosen
Peter F.G. Schuur
UK Modern Slavery Act Transparency Statement
Debevoise Login (2)
Debevoise Women's Review