1545-BI11 202304 Unified Agenda of Federal Regulatory and Deregulatory Actions 1545 Internal Revenue Service IRS 1500 Department of the Treasury TREAS Guidance Under Section 2053 on the Application of Present Value Concepts to the Amount Deductible

These regulations provide rules on the proper use of present value in determining the amount deductible from a decedent’s gross estate under section 2053 for expenses or claims against the estate.  In addition, these regulations provide rules regarding certain substantiation requirements and the ability to deduct interest expense and amounts paid under a decedent’s personal guaranty.

]]> Substantive, Nonsignificant Previously Published in The Unified Agenda Final Rule Stage No No Not Yet Determined 26 U.S.C. 7805 26 U.S.C. 2053 No NPRM 06/28/2022 87 FR 38831 NPRM Comment Period End 09/26/2022 Final Action 06/00/2023 REG-130975-08 Drafter attorneys: Juli Ro Kim (202) 317-6859, Michael Seibert (202) 317-6859 Reviewer attorneys: Melissa C. Liquerman (202) 317-6859, Karlene M. Lesho (202) 317-6859 Treasury attorneys: Catherine Hughes (202) 622-9407, Tabetha Peavey (202) 695-6453 CC:PSI No No None No No No No 1545-BC56 Related to Juli Kim Ro Attorney 1545 Internal Revenue Service IRS 202 317-6859 855 591-7866 juli.ro.kim@irscounsel.treas.gov 1111 Constitution Avenue NW., Room 4113, Washington DC 20224 Michael Seibert Attorney 1545 Internal Revenue Service IRS 202 317-6859 855 591-7866 michael.seibert@irscounsel.treas.gov 1111 Constitution Avenue NW, Room 4108B, Washington DC 20224