Income taxes: Annuities valuation, interests for life or terms of years, and remainder or reversionary interests; actuarial tables use; correction,

[Federal Register: March 9, 2000 (Volume 65, Number 47)]

[Rules and Regulations]

[Page 12471]

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

[DOCID:fr09mr00-11]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[TD 8819]

RIN 1545-AX14

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

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction of final and temporary regulations.

SUMMARY: This document contains corrections to final regulations which were published in the Federal Register on Friday, April 30, 1999 (64 FR 23187), relating 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 May 1, 1999.

FOR FURTHER INFORMATION CONTACT: William L. Blodgett at (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject of these corrections are under section 7520 of the Internal Revenue Code.

Need for Correction

As published, the final regulations (TD 8819) contain an error that may prove to be misleading and is in need of clarification.

Correction of Publication

Accordingly, the publication of the final regulations (TD 8819), which were the subject of FR Doc. 99-10533, is corrected as follows:

Sec. 1.664-2 [Corrected]

1. On page 23229, in the table in amendatory instruction Par. 32, the entry for 1.664-2(c) is corrected to read as follows:

Section

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Add

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* 1.664-2(c), sixth sentence.... April 30, 1989.. April 30, 1999.

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Dale D. Goode, Federal Register Liaison, Assistant Chief Counsel (Corporate).

[FR Doc. 00-5245Filed3-8-00; 8:45 am]

BILLING CODE 4830-01-U