Use of Actuarial Tables in Valuing Annuities, Interests for Life or Terms of Years, etc.; Correction

Federal Register: June 8, 2009 (Volume 74, Number 108)

Rules and Regulations

Page 27079-27080

From the Federal Register Online via GPO Access [wais.access.gpo.gov]

DOCID:fr08jn09-7

DEPARTMENT OF THE TREASURY

Internal Revenue Service 26 CFR Parts 1 and 20

TD 9448

RIN 1545-BH96; RIN 1545-BI56

Use of Actuarial Tables in Valuing Annuities, Interests for Life or Terms of Years, and Remainder or Reversionary Interests; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

SUMMARY: This document contains a correction to final regulations (TD 9448), that were published in the Federal Register on Thursday, May 7, 2009 (74 FR 21438). This regulation relates to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests.

DATES: This correction is effective on June 8, 2009 and is applicable beginning May 1, 2009.

FOR FURTHER INFORMATION CONTACT: Mayer R. Samuels, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulation (TD 9448) that is the subject of this correction is under sections 170 and 2032 of the Internal Revenue Code.

Need for Correction

As published, TD 9448 contains errors that may prove to be misleading and is in need of clarification.

List of Subjects 26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements. 26 CFR Part 20

Estate taxes, Reporting and recordkeeping requirements.

Correction of Publication 0

Accordingly, 26 CFR parts 1 and 20 is corrected by making the following correcting amendments:

PART 1--INCOME TAXES 0

Paragraph 1. The authority citation for part 1 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * * 0

Par. 2. For each section listed in the table below, remove the language in the

Page 27080

``Remove'' column and add in its place the language in the ``Add'' column as set forth below:

Section

Remove

Add

Sec. 1.170A-12(e)(2) following Table 90CM in Sec. Table 2000CM in the formula.

20.2031-7.

Sec. 20.2031- 7T.

PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954 0

Par. 3. The authority citation for part 20 continues to read in part as follows:

Authority: 26 U.S.C. 7805 * * * 0

Par. 4. Section 20.2032-1 is amended by revising paragraph (f)(1) to read as follows:

Sec. 20.2032-1 Alternate valuation.

* * * * *

(f) * * *

(1) [Reserved]. Further guidance, see Sec. 20.2032-1T(f)(1).

* * * * *

Treena V. Garrett,

Federal Register Liaison, Publications and Regulations Branch, Legal

Processing Division, Associate Chief Counsel (Procedure and

Administration).

FR Doc. E9-13241 Filed 6-5-09; 8:45 am

BILLING CODE 4830-01-P