OMB control number
Information Reporting for Certain Life Insurance Contract Transactions
OMB 1545-2281 · TREAS/IRS.
OMB 1545-2281
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 is listed under ICR 202408-1545-019.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 Form 1099-LS Reporting of Payments by Acquirer in a Reportable Policy Sale | Form |
| 2025 Supporting Statement 1545-2281.docx (document unavailable) | Supporting Statement A |
 Reporting of Payments by Acquirer in a Reportable Policy Sale |
Form |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202408-1545-019 | Extension without change of a currently approved collection | 2025-03-31 | ||
| 202107-1545-013 | Extension without change of a currently approved collection | 2021-12-31 | Approved without change | |
| 201811-1545-004 | New collection (Request for a new OMB Control Number) | 2018-12-12 | Approved without change |