Information Collection

Reporting of Payments by Acquirer in a Reportable Policy Sale

IC 234018 under ICR 201811-1545-004 · OMB 1545-2281.

⚠️ Notice: This information collection may be referencing outdated material. More recent filings for OMB 1545-2281 can be found here:

Documents and Forms

Documents and forms in this information collection
Document Name	Document Type
Form 1099-LS Reporting of Payments by Acquirer in a Reportable Policy Sale	Form
Instr for Form 1099-LS.pdf	Instruction
Instr for Form 1099-SB.pdf	Instruction
1099-LS Reportable Life Insurance Sale Form 1099-LS.pdf	Form
1099-SB Seller's Investment in Life Insurance Contract Form 1099-SB.pdf	Form
Notice 2018-41.pdf Notice 2018-41	IC Document

IC Title:

Reporting of Payments by Acquirer in a Reportable Policy Sale

Agency IC Tracking Number:

Is this a Common Form? No

IC Status: New

Obligation to Respond: Mandatory

CFR Citation: 26 CFR 6050Y-x (To search for a specific CFR, visit the Code of Federal Regulations.)

Information Collection Instruments:

table that charts list of instruments
Document Type	Form No.	Form Name	Instrument File	Available Electronically?	Can Be Submitted Electronically?	Electronic Capability
Form	1099-LS	Reportable Life Insurance Sale	Form 1099-LS.pdf	Yes	Yes	Fillable Fileable
Instruction			Instr for Form 1099-LS.pdf	Yes	No	Printable Only
Form	1099-SB	Seller's Investment in Life Insurance Contract	Form 1099-SB.pdf	Yes	Yes	Fillable Fileable
Instruction			Instr for Form 1099-SB.pdf	Yes	No	Printable Only

Line of Business: General Government

Subfunction: Taxation Management

Privacy Act System of Records

Title: IRS 24.046-Customer Account Data Engine Business Master File

FR Citation: 80 FR 54063

Number of Respondents: 6,000

Number of Respondents for Small Entity: 0

Affected Public: Private Sector

Private Sector: Businesses or other for-profits

Percentage of Respondents Reporting Electronically: 0 %

table that charts list of burden
	Approved	Program Change Due to New Statute
Annual Number of Responses for this IC	6,000	6,000
Annual IC Time Burden (Hours)	720	720
Annual IC Cost Burden (Dollars)	0	0

Documents for IC

table that charts IC Documents
Title	Document	Date Uploaded
Notice 2018-41	Notice 2018-41.pdf	11/13/2018

Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.