View Rule
View EO 12866 Meetings | Printer-Friendly Version Download RIN Data in XML |
TREAS/IRS | RIN: 1545-BH67 | Publication ID: Fall 2008 |
Title: Use of Actuarial Tables in Valuing Annuities, Interests for Life, or Terms of Years, and Remainder of Reversionary Interest | |
Abstract: These regulations will relate to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. These regulations are necessary because section 7520(c)(3) directs the Secretary to update the actuarial tables to reflect the most recent mortality experience available. These regulations will affect the valuation of inter vivos and testamentary transfers of interest dependent on one or more measuring lives. | |
Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Proposed Rule Stage |
Major: No | Unfunded Mandates: Undetermined |
CFR Citation: 26 CFR 1.170A 26 CFR 1.642(c)-6 26 CFR 1.664-4 26 CFR 1.7520-1 26 CFR 20.2031-7 26 CFR 20.2055-2 26 CFR 20.7520-1 26 CFR 25.2512-5 26 CFR 25.7520-1 | |
Legal Authority: 26 USC 7805 26 USC 7520(c)(2) 26 USC 642(c)(5) 26 USC 664(a) 26 USC 2031 26 USC 2512 26 USC 2055 26 USC 170 |
Legal Deadline:
|
||||||||
Overall Description of Deadline: Section 7520(c)(3) required initial actuarial tables by December 31, 1989. These tables are required to be updated every 10 years to take into account the most recent mortality experience available as of the time of the revision. |
||||||||
Timetable:
|
Additional Information: REG-107845-08 Drafting attorney: Mayer R. Samuels (202) 622-3090 Reviewing attorney: Lorraine E. Gardner (202) 622-3090 Treasury attorney: Catherine Hughes (202) 622-9407 CC: PSI | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: Undetermined |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Mayer R. Samuels Attorney-Advisor Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Washington, DC 20224 Phone:202 317-4626 Fax:855 591-7866 Email: mayer.r.samuels@irscounsel.treas.gov |