Get the free FORM 712 (REV. 06-1973). LIFE INSURANCE STATEMENT FOR A DECEDENT (INSURED) - irs
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December 31, 2012, Control Number: SBSE-05-1212-105 Expiration Date: July 1, 2013, Impacted: IRM 5.10.2.17(5) IRM 5.11.1.2.4 IRM 5.11.2.1.2(8) & (9) IRM 25.3.2 IRM 25.5.2.2(1) MEMORANDUM FOR DIRECTORS,
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What is form 712 rev 06-1973?
Form 712 rev 06-1973 is a United States Internal Revenue Service (IRS) form used for reporting the value of a life insurance policy or a life income interest and its related information.
Who is required to file form 712 rev 06-1973?
The owner of a life insurance policy or a life income interest, or the executor of the estate of the insured person is required to file form 712 rev 06-1973.
How to fill out form 712 rev 06-1973?
Form 712 rev 06-1973 requires information such as the name of the insured person, the name of the owner, the policy number, the date of the policy, the face value of the policy, and any outstanding loans or liens on the policy. It also requires details of any gifts in the past three years and their values.
What is the purpose of form 712 rev 06-1973?
The purpose of form 712 rev 06-1973 is to provide the IRS with information about the value of a life insurance policy or a life income interest for estate tax purposes.
What information must be reported on form 712 rev 06-1973?
On form 712 rev 06-1973, information such as the name, address, and taxpayer identification number of the policy owner must be reported. Additionally, details about the policy, such as its face value, loans, and liens, as well as information about any gifts made in the past three years and their values, must be included.
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