The Internal Revenue Service (IRS) has replaced temporary life and annuity actuarial table regulations with final regulations.
The final regulations cover the use of actuarial tables in valuing annuities, interests for life and terms of years, and remainder and reversionary interests.
“These regulations will affect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives,” officials say in the preamble to the regulations, which were published today in the Federal Register.
The final rules involve use of Table 2000CM.