Unified reporting Sample Clauses

Unified reporting. The information reporting requirement of paragraph (a) of this section applies to each acquirer in a series of prearranged transfers of an interest in a life insurance contract, as well as each acquirer in a simulta- neous transfer of different interests in a single life insurance contract. In ei- ther case, an acquirer’s reporting obli- gation is deemed satisfied if the infor- mation required by paragraph (a) of this section with respect to that acquirer is timely reported on behalf of that acquirer in a manner that is con- sistent with forms, instructions, and other IRS guidance by one or more other acquirers or by a third party in- formation reporting contractor.