Capital Blue Cross: Appeals Court Provides Guidance on Valuation of Insurance Contract Intangible Assets
August 1, 2006
Robert Reilly, CPA
Mark L. Zyla, CPA/ABV, CFA, ASA
As a result of the Tax Reform Act of 1986, the various Blue Cross Blue Shield organizations lost their tax exempt status and became taxable entities as of January 1, 1987. Related to this income tax status change, the "Blues" could obtain a step-up in t ...