Longevity Annuity Contracts; Correction, 45683 [2014-18558]
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Federal Register / Vol. 79, No. 151 / Wednesday, August 6, 2014 / Rules and Regulations
This document contains
corrections to final regulations (TD
9673) that were published in the
Federal Register on Wednesday, July 2,
2014 (79 FR 37633). The final
regulations are relating to the use of
longevity annuity contracts in tax
qualified defined contribution plans.
DATES: This correction is effective
August 6, 2014 and applicable
beginning July 2, 2014.
FOR FURTHER INFORMATION CONTACT:
Jamie Dvoretzky, at (202) 317–6799 (not
a toll free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The final regulations (TD 9673) that
are the subject of this correction is
under section 401(a) of the Internal
Revenue Code.
Need for Correction
As published, the final (TD 9673)
contains errors that may prove to be
misleading and are in need of
clarification.
annuity contract that is not intended to
be a QLAC, if applicable) is returned to
the non-QLAC portion of the employee’s
account after the last valuation date for
the calendar year in which the excess
premium was originally paid, then the
employee’s account balance for that
calendar year must be increased to
reflect that excess premium in the same
manner as an employee’s account
balance is increased under A–2 of
§ 1.401(a)(9)–7 to reflect a rollover
received after the last valuation date.
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*
*
*
*
(3) * * *
(i) Structural deficiency. If a contract
fails to be a QLAC at any time for a
reason other than an excess premium
described in paragraph (d)(1)(ii) of this
A–17, then as of the date of purchase
the contract will not be treated as a
QLAC (for purposes of A–3(d) of
§ 1.401(a)(9)–5) or as a contract that is
intended to be a QLAC (for purposes of
paragraph (b) of this A–17).
*
*
*
*
*
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel, (Procedure and Administration).
List of Subjects in 26 CFR Part 1
Income taxes, Reporting and
recordkeeping requirements.
[FR Doc. 2014–18547 Filed 8–5–14; 8:45 am]
Correction of Publication
BILLING CODE 4830–01–P
Accordingly, 26 CFR part 1 is
corrected by making the following
correcting amendments:
under section 401(a) of the Internal
Revenue Code.
Need for Correction
As published, the final regulations
(TD 9673) contain errors that may prove
to be misleading and are in need of
clarification.
Correction of Publication
Accordingly, the final regulations (TD
9673), that are the subject of FR Doc.
2014–15524, are corrected as follows:
1. On page 37634, third column, in
the preamble, first line from the top of
the page, the language ‘‘premium
payments will be taken into’’ is
corrected to read ‘‘premium payments
would be taken into’’.
2. On page 37636, first column, in the
footnotes, the seventh line from the
bottom of the page, the language ‘‘411(a)
of the Code). Section 205(e)(2) of the’’ is
corrected to read ‘‘411(a)). Section
205(e)(2) of the’’.
3. On page 37637, first column, in the
preamble, under the paragraph heading
‘‘II. IRAs’’, the first sentence is removed.
Martin V. Franks,
Chief, Publications and Regulations Branch,
Legal Processing Division, Associate Chief
Counsel (Procedure and Administration).
DEPARTMENT OF THE TREASURY
Internal Revenue Service
RIN 1545–BK23
Par. 2. Section 1.401(a)(9)–6 is
corrected by revising paragraph (c)(4)(i)
introductory text, the second sentence
of paragraph (d)(1)(ii)(B), and paragraph
(d)(3)(i) to read as follows:
■
§ 1.401(a)(9)–6 Required minimum
distributions for defined benefit plans and
annuity contracts.
*
*
*
*
(c) * * *
(4) * * *
(i) * * * In lieu of a life annuity
payable to a designated beneficiary
under paragraph (c)(1) or (2) of this A–
17, a QLAC is permitted to provide for
a benefit to be paid to a beneficiary after
the death of the employee in an amount
equal to excess of—
*
*
*
*
*
(d) * * *
(1) * * *
(ii) * * *
(B) * * * If the excess premium
(including the fair market value of an
17:08 Aug 05, 2014
Jkt 232001
Office of Surface Mining Reclamation
and Enforcement
[TD 9673]
Authority: 26 U.S.C. 7805 * * *
*
DEPARTMENT OF THE INTERIOR
26 CFR Parts 1 and 602
Paragraph 1. The authority citation
for part 1 continues to read in part as
follows:
■
VerDate Mar<15>2010
[FR Doc. 2014–18558 Filed 8–5–14; 8:45 am]
BILLING CODE 4830–01–P
PART 1—INCOME TAXES
tkelley on DSK3SPTVN1PROD with RULES
45683
30 CFR Part 943
Longevity Annuity Contracts;
Correction
[SATS No. TX–066–FOR; Docket ID: OSM–
2014–0001; S1D1SSS08011000SX066A0006
7F144S180110; S2D2SSS08011000SX0
66A00033F14XS501520]
Internal Revenue Service (IRS),
Treasury.
ACTION: Final regulations; correction.
AGENCY:
This document contains
corrections to final regulations (TD
9673) that were published in the
Federal Register on Wednesday, July 2,
2014 (79 FR 37633). The final
regulations are relating to the use of
longevity annuity contracts in tax
qualified defined contribution plans.
DATES: This correction is effective
August 6, 2014 and applicable
beginning July 2, 2014.
FOR FURTHER INFORMATION CONTACT:
Jamie Dvoretzky, at (202) 317–6799 (not
a toll free number).
SUPPLEMENTARY INFORMATION:
SUMMARY:
Background
The final regulations (TD 9673) that
are the subject of this correction is
PO 00000
Frm 00011
Fmt 4700
Sfmt 4700
Texas Regulatory Program
Office of Surface Mining
Reclamation and Enforcement, Interior.
ACTION: Final rule; approval of
amendment.
AGENCY:
We, the Office of Surface
Mining Reclamation and Enforcement
(OSMRE), are approving an amendment
to the Texas regulatory program (Texas
program) under the Surface Mining
Control and Reclamation Act of 1977
(SMCRA or the Act). Texas proposed
revisions to its regulations regarding
annual permit fees. Texas revised its
program at its own initiative to raise
revenues sufficient to cover its
anticipated share of costs to administer
the coal regulatory program and to
encourage mining companies to more
quickly reclaim lands and request bond
SUMMARY:
E:\FR\FM\06AUR1.SGM
06AUR1
]]>Agencies
[Federal Register Volume 79, Number 151 (Wednesday, August 6, 2014)]
[Rules and Regulations]
[Page 45683]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18558]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1 and 602
[TD 9673]
RIN 1545-BK23
Longevity Annuity Contracts; Correction
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final regulations; correction.
-----------------------------------------------------------------------
SUMMARY: This document contains corrections to final regulations (TD
9673) that were published in the Federal Register on Wednesday, July 2,
2014 (79 FR 37633). The final regulations are relating to the use of
longevity annuity contracts in tax qualified defined contribution
plans.
DATES: This correction is effective August 6, 2014 and applicable
beginning July 2, 2014.
FOR FURTHER INFORMATION CONTACT: Jamie Dvoretzky, at (202) 317-6799
(not a toll free number).
SUPPLEMENTARY INFORMATION:
Background
The final regulations (TD 9673) that are the subject of this
correction is under section 401(a) of the Internal Revenue Code.
Need for Correction
As published, the final regulations (TD 9673) contain errors that
may prove to be misleading and are in need of clarification.
Correction of Publication
Accordingly, the final regulations (TD 9673), that are the subject
of FR Doc. 2014-15524, are corrected as follows:
1. On page 37634, third column, in the preamble, first line from
the top of the page, the language ``premium payments will be taken
into'' is corrected to read ``premium payments would be taken into''.
2. On page 37636, first column, in the footnotes, the seventh line
from the bottom of the page, the language ``411(a) of the Code).
Section 205(e)(2) of the'' is corrected to read ``411(a)). Section
205(e)(2) of the''.
3. On page 37637, first column, in the preamble, under the
paragraph heading ``II. IRAs'', the first sentence is removed.
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division,
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2014-18558 Filed 8-5-14; 8:45 am]
BILLING CODE 4830-01-P
