Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Regulation and Compliance > Federal Regulation > IRS

IRS Updates Rate

X
Your article was successfully shared with the contacts you provided.

The Internal Revenue Service (IRS) has cut the rate that should be used to determine the present value of an annuity steady.

The rate will be 3% in April, according to IRS Revenue Ruling 2011-10.

The rate is unchanged from 3% in March but down from 3.2% in April 2010.

The rate can also be used to determine an interest for life or a term of years, or a remainder or reversionary interest.

Other revenue ruling coverage from National Underwriter Life & Health:


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.