TD 8644 (Correction)(August 1996)

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T.D. 8644
Treasury Decisions
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Rules and Regulations
DEPARTMENT OF THE TREASURY
Internal Revenue Service (IRS)
26 CFR Part 26
61 FR 43656; RIN 1545-AJ11; 1545-AL75; 1545-AO89
Generation-Skipping Transfer Tax; Correction
T.D. 8644
DATE: August 26, 1996
ACTION: Correcting amendment.
SUMMARY: This document contains corrections to final regulations (TD 8644) which were
published in the Federal Register for Wednesday, December 27, 1995 (60 FR 66898), as corrected
on June 12, 1996 (61 FR 29653). The final regulations relate to generation-skipping transfer tax.
EFFECTIVE DATE: December 27, 1995.
FOR FURTHER INFORMATION CONTACT: Jim Hogan (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:
Background
The final regulations that are subject to these corrections are under chapter 13 of the Internal
Revenue Code.
Need for Correction
As published, TD 8644, as corrected, contains errors that may prove to be misleading and are in
need of clarification.
List of Subjects in 26 CFR Part 26
Estate taxes, Reporting and recordkeeping requirements.
Accordingly, 26 CFR part 26 is corrected by making the following correcting amendments:
PART 26--GENERATION-SKIPPING TRANSFER TAX REGULATIONS UNDER THE TAX
REFORM ACT OF 1986
Paragraph 1. The authority citation for part 26 continues to read in part as follows:
Authority: 26 U.S.C. 7805 * * *

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§ 26.2601-1 -- [Corrected]
Par. 2. In § 26.2601-1, paragraph (b)(3)(iii)(B) is amended by revising "(b)(3)(iii)(A), (B), and (C)"
to read "(b)(3)(iii)(A)(1), (2), and (3)".
§ 26.2642-5 -- [Corrected]
Par. 3. Section 26.2642-5 is amended by removing the punctuation ";" following the word "ratio" in
the first sentence of paragraph (b)(1).
§ 26.2654-1 -- [Corrected]
Par. 4. Section 26.2654-1 is amended by revising paragraph (a)(1)(ii)(B) to read as follows:
§ 26.2654-1 -- Certain trusts treated as separate trusts.
(a) * * * (1) * * *
(ii) * * *
(B) If the pecuniary amount is payable in kind on the basis of value other than the date of
distribution value of the assets, the trustee is required to allocate assets to the pecuniary payment
in a manner that fairly reflects net appreciation or depreciation in the value of the assets in the fund
available to pay the pecuniary amount measured from the valuation date to the date of payment.
*****
Michael L. Slaughter,
Acting Chief, Regulations Unit, Assistant Chief Counsel (Corporate).
[FR Doc. 96-21598 Filed 8-23-96; 8:45 am]
BILLING CODE 4830-01-U

Source: Combined Source Set 4
- Final & Temporary Regulations; Proposed Regulations & Treasury Decisions
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Date/Time: Tuesday, June 22, 2010 - 10:44 AM EDT

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