Annual IRS Reporting Requirements
Keyman Insurance: Annual IRS Reporting Requirements: Form 8925 must be included with the employer’s annual income tax return.
The following information is required:
- The number of employees at the end of the year.
- The number of employees who are insured at the end of the year under employer-owned life insurance contracts.
- The total amount of life insurance in force at the end of the year under these contracts.
- The name, address, and taxpayer identification number of the employer and the type of business in which the employer is engaged.
- Whether the employer has a valid consent for each insured employee, and if not, the number of insured employees for whom a consent was not obtained
