SAM #2043FY-26-Q-00069

IRS Solicits Web-Based Insurance Industry Subscription Database Solution

The Internal Revenue Service (IRS), Large Business and International Division (LB&I), Northeastern Compliance Practice Area (NECPA), is seeking a commercially available, web-based insurance industry subscription database solution. - Government Buyer: - Internal Revenue Service (IRS), Large Business and International Division (LB&I), Northeastern Compliance Practice Area (NECPA) - Products/Services Requested: - Commercial, web-based insurance industry subscription database - Must provide comprehensive life and non-life insurance data, reporting, and analytical capabilities - Supports IRS compliance activities, including examinations, appeals, litigation, risk analysis, audit identification, transfer pricing, and reconciliation of accounting standards - Approximately five authorized users per period - Must meet detailed technical, functional, and security requirements as outlined in the Statement of Work (SOW) - Period of Performance: - 12-month base period, plus four 12-month option periods (total potential duration: 5 years) - Quantities: - Five user subscriptions per period (base and each option year) - Unique/Notable Requirements: - Solution must be web-based and commercially available - Must deliver current, comprehensive insurance industry data and statutory accounting information - Security and technical compliance with IRS requirements - OEMs/Vendors: - No specific OEMs or vendors are named in the solicitation - Potential competitors include providers of insurance industry data and analytics platforms

Description

The subscription database service is required to support Large Business and International Division  (LB&I) and the Northeastern Compliance Practice Area (NECPA) program the most comprehensive  coverage current and relevant information needed for life and non-life insurance annual statement  and statutory accounting information that is critical in the analysis assessment and IRS  examinations, appeals and tax court litigation proceedings.

The database supports the Government’s ability to provide better risk analysis of an insurance  return, understand the financial activities of the taxpayer, identify potential audit risks, help  to develop a transfer pricing issue (or APA) when dealing with an insurance taxpayer, provide for  better data analytics when reviewing insurance returns for examination and reconcile to the  Generally Accepted Accounting Procedures (GAAP) (or book accounting) and to tax accounting that complies with the Internal Revenue Codes and Regulations.  

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