IRS Ruling- Split-dollar life Insurance Arrangement

Issue Number:    N-2008-42
Inside This Issue

Notice 2008-42 provides that a modification of a split-dollar life insurance arrangement that does not entail any change to the life insurance contract underlying the arrangement will not be treated as a material change in the life insurance contract for purposes of sections 101(j) and 264(f).
Notice 2008-42 will appear in Internal Revenue Bulletin 2008-15, dated:  April 14, 2008