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Allianz Life Receives Favorable Private Letter Ruling From Internal Revenue Service Regarding Tax Treatment of Advisory Fees Taken From Nonqualified, Fee-Based Annuities
August 26, 2019
MINNEAPOLIS, Minnesota, Aug. 26 -- Allianz Life, a provider of retirement solutions, including fixed and variable annuities and life insurance for individuals, issued the following news release:

Allianz Life Insurance Company of North America (Allianz Life(R)) announced today that it has received a favorable private letter ruling (PLR) from the Internal Revenue Service (IRS) regarding the tax treatment of advisory fees taken from nonqualified, fee-based annuities.

The r . . .

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