# Information Reporting for Certain Life Insurance Contract Transactions and Modifications to the Transfer for Valuable Consideration Rules
> **IRS** · Final regulations. · Published 2019-10-31 · Effective 2019-10-31 · 84 FR 58460
## Document
- **Document number:** 2019-23559
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 84 FR 58460
- **CFR reference:** 26 CFR 1
- **Publication date:** 2019-10-31
- **Effective date:** 2019-10-31
- **Treasury docket:** TD 9879
## Abstract

This document contains final regulations providing guidance on new information reporting obligations under section 6050Y related to reportable policy sales of life insurance contracts and payments of reportable death benefits. The final regulations also provide guidance on the amount of death benefits excluded from gross income under section 101 following a reportable policy sale. The final regulations affect parties involved in certain life insurance contract transactions, including reportable policy sales, transfers of life insurance contracts to foreign persons, and payments of reportable death benefits.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2019/10/31/2019-23559/information-reporting-for-certain-life-insurance-contract-transactions-and-modifications-to-the)
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