IRS Corrects Final Regs on Longevity Annuity Contracts
T.D. 9673; 78 F.R. 45683
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-19455
- Tax Analysts Electronic Citation2014 TNT 151-9
[4830-01-P]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
Treasury Decision 9673
RIN 1545-BK23
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction
SUMMARY: This document contains corrections to final regulations (TD 9673) that were published in the Federal Register on Wednesday, July 2, 2014 (79 FR 37633). The final regulations are relating to the use of longevity annuity contracts in tax qualified defined contribution plans.
DATES: This correction is effective August 6, 2014 and applicable beginning July 2, 2014.
FOR FURTHER INFORMATION CONTACT: Jamie Dvoretzky, at (202) 317-6799 (not a toll free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9673) that are the subject of this correction is under section 401(a) of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9673) contain errors that may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulations (TD 9673), that are the subject of FR Doc. 2014-15524, are corrected as follows:
1. On page 37634, third column, in the preamble, first line from the top of the page, the language "premium payments will be taken into" is corrected to read "premium payments would be taken into".
2. On page 37636, first column, in the footnotes, the seventh line from the bottom of the page, the language "411(a) of the Code). Section 205(e)(2) of the" is corrected to read "411(a)). Section 205(e)(2) of the".
3. On page 37637, first column, in the preamble, under the paragraph heading "II. IRAs", the first sentence is removed.
Chief
Publications and Regulations Branch
Legal Processing Division
Associate Chief Counsel
(Procedure and Administration)
- Institutional AuthorsInternal Revenue Service
- Cross-Reference
- Code Sections
- Subject Areas/Tax Topics
- Jurisdictions
- LanguageEnglish
- Tax Analysts Document NumberDoc 2014-19455
- Tax Analysts Electronic Citation2014 TNT 151-9