Location: Westland, Michigan, United States

Graduate of Walsh Institute Of Accountancy (Now Walsh College) Michigan in 1959. Retired in 1987, but still active in the profession **World War II Veteran (Pacific) **PHONE 734-261-1979 **E-MAIL **(Domain Name CPASENSE Registered) **Mentioned in the Journal of Accountancy, SmartPros, Tax Prof Blog, CPA2BIZ, CPA Journal, AccountingWEB, CPATrendlines & More **Search Accounting Blogs: (Includes cpasense)**TOPICS - FINANCE - FEDERAL & MICHIGAN TAXES ** Making Sense Of Your Finance & Taxes

Monday, August 11, 2008

Tax Ruling May Trigger Refund Claims

A federal court decision could pave the way for a surge in tax-refund claims by holders of insurance policies who sold shares in insurance companies that went public.

The ruling also could benefit people who still hold shares.

The issue stems from the wave of mutually owned insurance companies that have converted to publicly traded companies, many in the last decade. They include giants such as MetLife Inc. and Prudential Financial Inc., which made the switch in 2000 and 2001, respectively. As part of that process, the companies go from being owned by their policyholders to being owned by stockholders. People who hold policies at the time also can receive shares in the newly public company........

Insurance Headlines - Wall Street Journal


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