Mutual Service Insurance Life Company Demutualization

[PaulF]

Has anyone on the board filed amended returns for the 2005 demutualization of Mutual Service Life Insurance Company?

I have a client who was an MSI agent for 25 years and received a cash liquidation - no stock - in 2005 when the company was taken over by Country Insurance.

If you filed an amended return in this situation, did your client receive a refund or is the return tied up until the IRS appeals?

Thank you

[erchess]

Search for "demutualization"

using the search function not from here which will search only this thread but from the main page and your computer will cough up all the information you need. The topic has had a lot of attention here.

[PaulF]

I have reviewed all the prior posts on this subject. I am wondering if anybody has had success with the specific insurance company I referenced.

I am going to prepare an amended return for the client and I was hoping I can give them some kind of time frame as to when a possible refund would be issued.

Between the federal and state amended refund requests, my client could receive more than $8,000 back when interest is included.