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TREAS/IRS RIN: 1545-BH96 Publication ID: Fall 2008 
Title: ●Use of Actuarial Tables in Valuing Annuities, Interests for Life, or Terms of Years, and Remainder or Reversionary Interests 
Abstract: These temporary regulations 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 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: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
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:
Action Source Description Date
Final  Statutory  See below.  12/31/2009 

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:
Action Date FR Cite
Interim Final Rule  12/00/2008    
Additional Information: REG-107845-08 Drafting attorney: Mayer R. Samuels (202) 622-3090 Reviewing attorney: Lorrraine 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 
Related RINs: Related to 1545-BH67 
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