OMB control number
Information Reporting for Certain Life Insurance Contract Transactions
OMB 1545-2281 · TREAS/IRS.
The collection covers the information reporting requirements for certain life insurance contracts under IRC 6050Y, which was added by the Tax Cuts and Jobs Act (TCJA). Form 1099-LS is used by the acquirer of any interest in a life insurance contract (also known as a life insurance policy) in a reportable policy sale to report the acquisition. Form 1099-SB is used by the issuer of a life insurance contract (also known as a life insurance policy) to report the seller’s investment in the contract and surrender amount with respect to an interest in a life insurance contract transferred in a “reportable policy sale” or transferred to a foreign person.
The latest form for Information Reporting for Certain Life Insurance Contract Transactions expires 2028-05-31 and can be found here.
Form 1099-LS Reporting of Payments by Acquirer in a Reportable Policy Sale
2025 Supporting Statement 1545-2281.docx
Reporting of Payments by Acquirer in a Reportable Policy Sale | Extension without change of a currently approved collection | 2025-03-31 | ||
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Approved without change |
Extension without change of a currently approved collection | 2021-12-31 | |
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Approved without change |
New collection (Request for a new OMB Control Number) | 2018-12-12 |