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TREAS/IRS RIN: 1545-BI11 Publication ID: Spring 2024 
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.

 
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
Timetable:
Action Date FR Cite
NPRM  06/28/2022  87 FR 38831   
NPRM Comment Period End  09/26/2022 
Final Action  07/00/2024 
Additional Information: 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
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:
Juli Ro Kim
Attorney-Advisor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW., Room 4113,
Washington, DC 20224
Phone:202 317-6859
Fax:855 591-7866
Email: juli.ro.kim@irscounsel.treas.gov

Michael Seibert
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW, Room 4108B,
Washington, DC 20224
Phone:202 317-6859
Fax:855 591-7866
Email: michael.seibert@irscounsel.treas.gov