How Data Integrations and a PLR Make it Possible to Bill on Advisory Solutions

Prior to a private letter ruling (“PLR”) from the IRS in 2019, annuity fee billing for RIAs presented a number of challenges. Treated as taxable withdrawals, fee billing from non-qualified advisory annuities would generate a 1099, which was a terrible client experience. Kevin Hissong explains what changed, and how it impacts RIAs and their clients.

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