[Federal Register Volume 74, Number 105 (Wednesday, June 3, 2009)]
[Proposed Rules]
[Pages 26597-26598]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-12855]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 20

[REG-119532-08]
RIN 1545-BH94


Section 2036--Graduated Retained Interests; Correction

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correction to notice of proposed rulemaking.

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SUMMARY: This document contains corrections to a notice of proposed 
rulemaking (REG-119532-08) that was published in the Federal Register 
on Thursday, April 30, 2009, at 74 FR 19913. The corrections relate to 
proposed regulations that provide guidance on the portion of trust 
property includible in the grantor's gross estate if the grantor has 
retained the use of the property, the right to an annuity, unitrust, 
graduated retained interest, or other payment from such property for 
life, for any period not ascertainable without reference to the 
grantor's death, or for a period that does not in fact end before the 
grantor's death.

[[Page 26598]]


FOR FURTHER INFORMATION CONTACT: Theresa M. Melchiorre, (202) 622-3090 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: 

Background

    The notice of proposed rulemaking that is the subject of this 
document is under section 2036 of the Internal Revenue Code.

Need for Correction

    As published, the notice of proposed rulemaking (REG-119532-08) 
that published on April 30, 2009 (74 FR 19913) does not accurately 
reflect the information intended to be communicated and thus needs 
clarification.

Correction to Publication

    Accordingly, the notice of proposed rulemaking which was the 
subject of FR Doc. E9-10003 is corrected as follows:
    On page 19917, Sec.  20.2036-1 (c)(2)(iii) Example 7 (iii), the 
chart at the top of the page is corrected to read as follows:


Sec.  20.2036-1  Transfers with retained life estate.

* * * * *
    (c) * * *
    (2) * * *
    (iii) * * *
    Example 7. * * *
    (iii) * * *
    [GRAPHIC] [TIFF OMITTED] TP03JN09.046
    
* * * * *

Cynthia E. Grigsby,
Senior Federal Register Liaison Officer, Publications and Regulations 
Branch, Legal Processing Division, Associate Chief Counsel (Procedure 
and Administration).
[FR Doc. E9-12855 Filed 6-2-09; 8:45 am]
BILLING CODE 4830-01-P