New Release of P&C Loss Reserve Discount Factors

Thoughtware Alert Published: Dec 20, 2018
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The IRS has released property and casualty loss reserve discount factors. See Revenue Procedure 2019-06 below. The notice will assist taxpayers in discounting 2018 year-end loss and loss adjustment expense reserves pursuant to Internal Revenue Code Section 846, as well as the Tax Cuts and Jobs Act opening adjustment as of January 1, 2018.

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