"We serve clients well because we offer them a rare mix of skills: great technical strength and deep reach into the public policy process."
Vanda B. McMurtry, Partner
Craig R. Springfield
Partner
Tel 202-347-6610    Fax 202-393-3310
crspringfield@davis-harman.com      DOWNLOAD VCARD
As a partner with Davis & Harman LLP, Craig specializes in insurance company and product taxation and working generally on Federal tax matters. He practices extensively in the areas of annuity, life insurance, and long-term care insurance product taxation, including with respect to variable insurance products. In addition, he works extensively before the National Office of the Internal Revenue Service and the Department of the Treasury to address tax compliance-related issues, including under sections 7702 and 7702A of the Code (e.g., addressing compliance failures). He has worked on various legislative matters, e.g., the tax treatment of combination insurance products and the Medicaid rules governing qualified State long-term care insurance partnerships.

"Insurance companies and their products have evolved over time to meet the changing needs of society, and the tax law, to be sure, has evolved as well. From very early in my years of practice, it has been rewarding, and always very interesting, to work with insurers and others at the crossroads of these changes."

Craig is a frequent speaker and author. Articles he has authored or co-authored include: "Proposed Model Closing Agreements for Life Insurance Contract Failures: Comments Requested," Taxing Times (May 2007); "Age Defined: IRS Issues Final Regulations on 'Attained Age' Under Section 7702," Taxing Times (May 2007); "New Rules and Opportunities for Long-Term Care Insurance Combination Products," Taxing Times (May 2007); "More on Reasonable Mortality: IRS Issues Notice 2006-95," Taxing Times (Feb. 2007); "Private Rulings Regarding 'Cash Surrender Value' Under Section 7702," Taxing Times (Sept. 2006); "Good Reasons for Removing Tax Uncertainty for LTC-Annuity Combos," National Underwriter: Life & Health (May 15, 2006); "New Proposed Regulations on 'Attained Age' Under IRC Section 7702," Taxing Times (Sept. 2005); "Affordable Long-Term Care Coverage: The Tale of 'Combination' Products," Journal of Financial Service Professionals (July 2005); "Rev. Rul. 2005-6: Guidance on QABs Under IRC Sections 7702 and 7702A," Insurance Tax Review (April 2005); "Notice 2004-61: Guidance on Mortality Under IRC Section 7702," Product Matters! (March 2005); "The New Tax Rules Governing Long-Term Care Insurance," Journal of the American Society of CLU and ChFC (Sept. 1997, Nov. 1997, and Jan. 1998).

Craig is a former Chair of the ABA Tax Section, Committee on Insurance Companies. His decision to join Davis & Harman in 1991 was influenced, Craig notes, by the firm's unsurpassed expertise in its practice areas. The people and the collegial environment "have provided a solid foundation upon which to build a sophisticated and stimulating practice of law." A native of Florida, he received a BSBA, magna cum laude, and MS in Accounting from the University of Central Florida. In 1990, he earned his JD, with honors, from the University of Florida, and in 1991 he received an LLM in Taxation from New York University. He is a member of the District of Columbia Bar and the American Bar Association Section of Taxation. Craig resides in Reston, Virginia with his wife Kathy, and their three children, Julia, Jonathan, and Amy, and their dog Lucy.


Professional Memberships
  • Former Chair, ABA Section of Taxation, Insurance Companies Committee
Bar and Court Admissions
  • District of Columbia
The Willard    1455 Pennsylvania Avenue, NW , Suite 1200
Washington, DC 20004    Tel 202-347-2230    Fax 202-393-3310
Education
  • BSBA, magna cum laude, University of Central Florida, 1985
  • MS, Accounting, University of Central Florida, 1987
  • JD, with honors, University of Florida, 1990
  • LLM, Taxation, New York University, 1991
Recent Publications
and Presentations
  • IRS Notice 2016-63—Safe Harbor Guidance for 2017 CSO
  • Product Tax Implications of the Adoption of the 2017 CSO Tables
  • Life Insurance & Modified Endowments
  • In the Beginning: A Column Devoted to Tax Basics: Qualification of Life Insurance Contracts Under the Internal Revenue Code
  • The Perils of Reducing Death Benefits: Private Letter Ruling 201230009
The Willard
1455 Pennsylvania Avenue, NW
Suite 1200
Washington, DC 20004
Tel 202-347-2230
Fax 202-393-3310