Get the up-to-date Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts-2025 now

Get Form
8925 Preview on Page 1

Here's how it works

01. Edit your 8925 online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send 8925 life insurance form via email, link, or fax. You can also download it, export it or print it out.

How to rapidly redact Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Dochub is the greatest editor for modifying your documents online. Adhere to this straightforward guideline redact Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts in PDF format online at no cost:

  1. Sign up and log in. Register for a free account, set a strong password, and proceed with email verification to start managing your forms.
  2. Upload a document. Click on New Document and select the form importing option: add Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts from your device, the cloud, or a protected URL.
  3. Make adjustments to the template. Use the upper and left panel tools to edit Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts. Add and customize text, pictures, and fillable fields, whiteout unnecessary details, highlight the important ones, and provide comments on your updates.
  4. Get your documentation done. Send the form to other individuals via email, generate a link for quicker file sharing, export the template to the cloud, or save it on your device in the current version or with Audit Trail added.

Discover all the benefits of our editor today!

See more Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts versions

We've got more versions of the Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts form. Select the right Form 8925 (Rev January 2010) Report of Employer-Owned Life Insurance Contracts version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2017 4.9 Satisfied (30 Votes)
2010 4.8 Satisfied (22 Votes)
be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, arent includable in gross income and you dont have to report them. However, any interest you receive is taxable and you should report it as interest received.
In general, the payout from a term, whole, or universal life insurance policy isnt considered part of the beneficiarys gross income. This means it isnt subject to income or estate taxes.
Use Form 8925 to report the: Number of employees covered by employer-owned life insurance contracts issued after August 17, 2006. Total amount of employer-owned life insurance in force on those employees at the end of the tax year.
IRC section 79 provides an exclusion for the first $50,000 of group-term life insurance coverage provided under a policy carried directly or indirectly by an employer. There are no tax consequences if the total amount of such policies does not exceed $50,000.
1099R. If you own a life insurance policy, the 1099-R could be the result of a taxable event, such as a full surrender, partial withdrawal, loan or dividend transaction. If you own an annuity, the 1099-R could be the result of a full surrender, a partial withdrawal or the transfer of the contract to a new owner.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

Policy premiums usually arent tax deductible but the death benefit is almost always paid to beneficiaries free of income taxes. Life insurance can help provide financial stability to your loved ones if you pass away, but like many things worth having, that benefit may come at a cost.
The IRS has not issued definitive guidance on the penalty, if any, for the failure to timely file Form 8925. However, it appears the failure to file Form 8925 would likely result in a failure to file penalty of $50 for each instance of failing to comply with a specified information reporting requirement.

8925 life insurance