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IRS Corrects Final Regs That Revise Actuarial Tables

SEP. 28, 2000

T.D. 8886; 65 F.R. 58222

DATED SEP. 28, 2000
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For the full text of the final regs, see Doc 2000-16368 (37 original

    pages), 2000 TNT 118-76 Database 'Tax Notes Today 2000', View '(Number', or H&D, June 12, 2000, p. 2493.

    This document appeared in TNT as 2000 TNT 189-12 Database 'Tax Notes Today 2000', View '(Number' and in the AccServ &

    Microfiche as Doc 2000-24924 (2 original pages).
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    estates, deductions, charitable
    trusts, pooled income funds
    trusts, deductions, charitable
    charitable remainder trusts
    estate tax, gross estate
    estate tax, valuation
    gift tax, valuation
    valuation, tables
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-25044 (1 original page)
  • Tax Analysts Electronic Citation
    2000 TNT 191-10
Citations: T.D. 8886; 65 F.R. 58222

 

=============== SUMMARY ===============

 

The IRS has published corrections to the final regulations (T.D. 8886) that revise the actuarial tables for valuing annuities, interests for life or terms of years, and remainder or reversionary interests to take into account the most recent mortality experience available. (For the full text of the final regs, see Doc 2000-16368 (37 original pages), 2000 TNT 118-76 Database 'Tax Notes Today 2000', View '(Number', or H&D, June 12, 2000, p. 2493.) The corrections are effective June 12, 2000.

This document appeared in TNT as 2000 TNT 189-12 Database 'Tax Notes Today 2000', View '(Number' and in the AccServ & Microfiche as Doc 2000-24924 (2 original pages).

 

=============== FULL TEXT ===============

 

[4830-01-U]

 

 

DEPARTMENT OF THE TREASURY

 

Internal Revenue Service

 

26 CFR Part 25

 

 

Treasury Decision 8886

 

 

RIN 1545-AX07

 

 

[1] AGENCY: Internal Revenue Service (IRS), Treasury.

[2] ACTION: Correction to final regulations.

[3] SUMMARY: This document contains corrections to TD 8886, which was published in the Federal Register on Monday, June 12, 2000 (65 FR 36908). These regulations relate to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder of reversionary interests.

[4] Dates: Effective June 12, 2000.

[5] FOR FURTHER INFORMATION CONTACT: William Blodgett, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

[6] The final regulations that are the subject of this correction are under section 7520 of the Internal Revenue Code.

Need for Correction

[7] As published, TD 8886 contains errors which may prove to be misleading and are in need of clarification.

Correction of Publication

[8] Accordingly, the publication of final regulations (TD 8886), which is the subject of FR Doc. 00-12986, is corrected as follows:

Section 25.2512-5 [Corrected]

1. On page 36942, section 25.2512-5(d)(2)(v)(A), the first formula of the page, the language

(1.0000-.21669)-(.392624x(71357/85537)x(1.00000-.34762))

 

________________________________________________________   = 5.8126Fc

 

                          .098

 

is corrected to read

 

 

(1.0000-.21669)-(.392624x(71357/85537)x(1.00000-.34762))

 

________________________________________________________   = 5.8126

 

                          .098

 

 

2. On page 36942, section 25.2512-5(d)(2)(v)(B), the second formula running the complete width of the page, the language

(1.000000-.36542)-(.573999x(71357/85537)x(1.000000-.50473))= .39742

 

                                                             ______

 

                                           Difference . . .  0.1134

 

is corrected to read

 

 

(1.000000-.36542)-(.573999x(71357/85537)x(1.000000-.50473))= .39742

 

                                                             ______

 

                            Difference (.40876-.39742). . .  .01134

 

 

                                   Cynthia E. Grigsby

 

 

                                   Chief, Regulations Unit

 

                                   Office of Special Counsel

 

                                   (Modernization & Strategic

 

                                      Planning)
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For the full text of the final regs, see Doc 2000-16368 (37 original

    pages), 2000 TNT 118-76 Database 'Tax Notes Today 2000', View '(Number', or H&D, June 12, 2000, p. 2493.

    This document appeared in TNT as 2000 TNT 189-12 Database 'Tax Notes Today 2000', View '(Number' and in the AccServ &

    Microfiche as Doc 2000-24924 (2 original pages).
  • Code Sections
  • Subject Area/Tax Topics
  • Index Terms
    estates, deductions, charitable
    trusts, pooled income funds
    trusts, deductions, charitable
    charitable remainder trusts
    estate tax, gross estate
    estate tax, valuation
    gift tax, valuation
    valuation, tables
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2000-25044 (1 original page)
  • Tax Analysts Electronic Citation
    2000 TNT 191-10
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