Skip to content
ChatProjectCodes

Introduction

SECTION 3. SCOPE

Internal Revenue Bulletin 2016-34 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 This revenue procedure applies to trusts created after the effective date of this revenue procedure that—

(1) Meet the requirements of § 664(d)(1);

(2) Provide for annuity payments payable for one or more measuring lives; and

(3) Contain in their governing instrument the precise language of the sample provision in section 5 of this revenue procedure.

.02 A CRAT that contains a substantive provision similar but not identical to that provided in section 5 of this revenue procedure will not necessarily be disqualified, but neither will such a provision be assured of treatment as a qualified contingency under § 664(f).

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — Internal Revenue Bulletin 2016-34
Internal Revenue Bulletin 2016-34

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.