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TREAS/IRS | RIN: 1545-BI11 | Publication ID: Spring 2019 |
Title: Guidance Under Section 2053 on the Application of Present Value Concepts to the Amount Deductible | |
Abstract:
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. |
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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: No |
EO 13771 Designation: Other | |
CFR Citation: Not Yet Determined (To search for a specific CFR, visit the Code of Federal Regulations.) | |
Legal Authority: 26 U.S.C. 7805 26 U.S.C. 2053 |
Legal Deadline:
None |
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Timetable:
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Additional Information: REG-130975-08 Drafter attorney: Karlene M. Lesho (202) 317-6859 Reviewer attorney: Melissa C. Liquerman (202) 317-6859 Treasury attorney: Catherine Hughes (202) 622-9407 CC:PSI | |
Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Related RINs: Related to 1545-BC56 | |
Agency Contact: Karlene M. Lesho Senior Technician Reviewer Department of the Treasury Internal Revenue Service 1111 Constitution Avenue NW., Room 4111, Washington, DC 20224 Phone:202 317-6859 Fax:202 317-4644 Email: karlene.lesho@irscounsel.treas.gov |