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TREAS/IRS RIN: 1545-BI11 Publication ID: Fall 2022 
Title: 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.

Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
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
Action Date FR Cite
NPRM  06/28/2022  87 FR 38831   
NPRM Comment Period End  09/26/2022 
Final Action  06/00/2023 
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