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Definition of a Qualified Interest in a Grantor Retained Annuity Trust and a Grantor Retained Unitrust; Correction

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Information about this document as published in the Federal Register.

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This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Correction to final regulations.

SUMMARY:

This document contains corrections to final regulations that were published in the Federal Register on Tuesday, September 5, 2000 (65 FR 53587), relating to the definition of a qualified interest under section 2702 of the Internal Revenue Code.

DATES:

This correction is effective September 5, 2000.

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FOR FURTHER INFORMATION CONTACT:

James F. Hogan (202) 622-3090 (not a toll-free number). Start Printed Page 70792

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SUPPLEMENTARY INFORMATION:

Background

The final regulations that are subject of these corrections are under section 2702 of the Internal Revenue Code.

Need for Correction

As published, final regulations (TD 8899) contain errors that may prove to be misleading and are in need of clarification.

Correction of Publication

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Accordingly, the publication of the final regulations (TD 8899), which were the subject of FR Doc.

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[Corrected]
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1. On page 53589, column 1, § 25.2702-3(b)(3), the paragraph heading “

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2. On page 53589, column 1, § 25.2702-3(b)(4), first sentence, the language “An annuity amount payable based on the anniversary date of the creation of the trust must be paid by the anniversary date.” is corrected to read “An annuity amount payable based on the anniversary date of the creation of the trust must be paid no later than 105 days after the anniversary date.”.

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3. On page 53589, column 2, § 25.2702-3(c)(3), the paragraph heading “

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4. On page 53589, column 2, § 25.2702-3(c)(4), first sentence, “A unitrust amount payable based on the anniversary date of the creation of the trust must be paid by the anniversary date.” is corrected to read “A unitrust amount payable based on the anniversary date of the creation of the trust must be paid no later than 105 days after the anniversary date.”.

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Cynthia E. Grigsby,

Chief, Regulations Unit, Office of Special Counsel (Modernization & Strategic Planning).

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[FR Doc. 00-30265 Filed 11-27-00; 8:45 am]

BILLING CODE 4830-01-U