ADMINISTRATIVE, ESTATE TAX

REG-130975-08, page 71. These proposed regulations propose rules on the proper use of present-value principles in determining the amount deductible under section 2053 of the Internal Revenue Code (Code). In addition, the proposed regulations propose rules under section 2053 of the Code on the deductibility of interest expense and the substantiation requirements for the value of certain claims against an estate. Finally, the proposed regulations propose rules under section 2053 of the Code on the deductibility of amounts paid under a decedent’s personal guarantee. The proposed regulations also request public comment and provide notice of a public hearing on the regulations.

Finding Lists begin on page ii.