The Bulletin Index-Digest System & Highlights Summaries

Gifts & Inheritances

The following items are Summaries from the "Highlights" page of each Internal Revenue Bulletin, the official weekly publication of the IRS. The Summaries begin in January 1994 and have been compiled through the date shown above. There are no links for the documents issued in 1994 and 1995, but beginning in January 1996 there are links to the full text of all the actual documents. These documents have been extracted from IRS's Internal Revenue Bulletins and are in the Adobe Acrobat PDF format. You will need the appropriate Acrobat Reader installed on your computer to view or print the PDF files.

REG 108287-98 from IR Bulletin No. 1999-28
Proposed regulations under section 2702 of the Code apply to a grantor retained annuity trust (GRAT) and a grantor retained unitrust (GRUT) in determining whether a retained interest is a qualified interest. A public hearing is scheduled for October 20, 1999.

Announcement 99-47 from IR Bulletin No. 1999-28
This document contains corrections to T.D. 8819, 1999-20 I.R.B. 5, final regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests.

T.D. 8819 and REG–103851–99 from IR Bulletin No. 1999-20
Use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. Proposed, temporary and final regulations under section 7520 of the Code relate to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests.

Announcement 99–28 from IR Bulletin No. 1999-13
This document contains a correction to the notice of pro-posed rulemaking, REG–106177–98 (1999–12 I.R.B. 25), published in the Federal Register on December 22, 1998 (63 F.R. 70701).

REG-106177-98 from IR Bulletin No. 1999-12
Proposed regulations under sections 2001, 2504, and 6501 of the Code relate to changes made by the Taxpayer Relief Act of 1997 and the Internal Revenue Service Restructuring and Reform Act of 1998 regarding the valuation of prior gifts in determining estate and gift tax liability, and the period of limitations for assessing and collecting gift tax. A public hearing is scheduled for April 28, 1999.

Rev. Proc. 98-34 from IR Bulletin No. 1998-18
Valuation of compensatory stock options. This procedure sets forth a methodology to value certain compensatory stock options for gift, estate, and generation-skipping transfer tax purposes.

Rev. Rul. 98-21 from IR Bulletin No. 1998-18
Transfer of nonstatutory stock option. This ruling provides guidance on the time that a completed gift occurs when a nonstatutory stock option is transferred without consideration by the optionee to a family member.

T.D. 8744 from IR Bulletin No. 1998-07
Final regulations under section 2518 of the Code relate to the treatment of disclaimers for estate and gift tax purposes.

T.D. 8743 from IR Bulletin No. 1998-07
Final regulations under section 2702 of the Code permit the reformation of a personal residence trust or a qualified personal residence trust in order to comply with the applicable requirements for such trusts.

Rev. Rul. 98-8 from IR Bulletin No. 1998-07
Disposition of qualifying income interest. If a surviving spouse acquires the remainder interest in a trust subject to a QTIP election under section 2056(b)(7) of the Code in connection with the transfer by the surviving spouse of property or cash to the holder of the remainder interest, the surviving spouse makes a gift under sections 2511, 2512, and 2519 of the Code.

SEARCH:

You can either: Search all IRS Bulletin Documents issued since January 1996, or Search the entire site. For a more focused search, put your search word(s) in quotes.

IRS Bulletins Main | Home

© 2002, National Tax Services, Inc.