Estate and Gift Taxes; Difference in the Basic Exclusion Amount, 6803 [2020-01392]

Download as PDF 6803 Federal Register / Vol. 85, No. 25 / Thursday, February 6, 2020 / Rules and Regulations APPENDIX A TO PART 11—FEE SCHEDULE FOR FY 2020—Continued State County Fee/acre/yr Campbell ................................................................................. Carbon ..................................................................................... Converse ................................................................................. Crook ....................................................................................... Fremont ................................................................................... Goshen .................................................................................... Hot Springs ............................................................................. Johnson ................................................................................... Laramie ................................................................................... Lincoln ..................................................................................... Natrona .................................................................................... Niobrara ................................................................................... Park ......................................................................................... Platte ....................................................................................... Sheridan .................................................................................. Sublette ................................................................................... Sweetwater .............................................................................. Teton ....................................................................................... Uinta ........................................................................................ Washakie ................................................................................. Weston .................................................................................... [FR Doc. 2020–01455 Filed 2–5–20; 8:45 am] Background DEPARTMENT OF DEFENSE BILLING CODE 6717–01–P Office of the Secretary DEPARTMENT OF THE TREASURY The final regulation (TD 9884) that is the subject of this correction is under section 2010 of the Internal Revenue Code. Internal Revenue Service Need for Correction [TD 9884] RIN 1545–B072 Estate and Gift Taxes; Difference in the Basic Exclusion Amount Internal Revenue Service (IRS), Treasury. ACTION: Correcting amendment. AGENCY: This document contains corrections to Treasury Decision 9884, which was published in the Federal Register for Tuesday, November 26, 2019. Treasury Decision 9884 contained final regulations addressing the effect of recent legislative changes to the basic exclusion amount allowable in computing Federal gift and estate taxes. The final regulations affect donors of gifts made after 2017 and the estates of decedents dying after 2017. DATES: Effective Date: These final regulations are effective on and after February 6, 2020. Applicability Date: For date of applicability, see § 20.2010–1(f)(2). FOR FURTHER INFORMATION CONTACT: John D. MacEachen, (202) 317–6859 (not a toll-free number). SUPPLEMENTARY INFORMATION: lotter on DSKBCFDHB2PROD with RULES SUMMARY: VerDate Sep<11>2014 19:34 Feb 05, 2020 Jkt 250001 List of Subjects in 26 CFR Part 25 Correction of Publication Accordingly, 26 CFR part 25 is corrected by making the following corrective amendment: PART 25—GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954 Par. 1. The authority citation for part 25 continues to read in part as follows: ■ Authority: 26 U.S.C. 7805. * * § 25.2505–2 * * [Amended] Par. 2. Section 25.2505–2 is amended by removing ‘‘§ 20.2010–1(d)(5)’’ wherever it appears and adding in its place ‘‘§ 20.2010–1(e)(5)’’. ■ Martin V. Franks, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2020–01392 Filed 2–5–20; 8:45 am] BILLING CODE 4830–01–P PO 00000 Frm 00071 Fmt 4700 [Docket ID: DOD–2018–OS–0066] Sfmt 4700 Registration of Privately Owned Motor Vehicles Defense Logistics Agency (DLA), DoD. ACTION: Final rule. AGENCY: This part was established to prescribe the Department of Defense (DoD) policy and procedures for the registration, inspection, and marking of privately owned vehicles (POV) on Defense Logistics Agency (DLA) activities. Since the requirement to register, inspect, and mark privatelyowned vehicles on DLA activities was rescinded in 2012, the need for this part no longer exists, and it should be removed from the CFR. DATES: This rule is effective on February 6, 2020. FOR FURTHER INFORMATION CONTACT: Bruce A. Thomas, Deputy Staff Director, Security & Emergency Services, DLA Installation Management, 571–767– 1279. SUPPLEMENTARY INFORMATION: It has been determined that publication of this CFR part removal for public comment is impracticable, unnecessary, and contrary to public interest since it is based on removing obsolete DoD policies and procedures. DLA activities historically registered and marked vehicles accessing DLA SUMMARY: Gift taxes, Reporting and recordkeeping requirements. * 32 CFR Part 1288 RIN 0790–AK15 As published November 26, 2019 (84 FR 64995), the final regulation (TD 9884; FR Doc. 2019–25601) contained an omission that may prove misleading and therefore should be corrected. 26 CFR Part 25 10.53 10.23 6.87 16.15 15.83 14.14 12.71 11.05 13.08 32.75 11.35 9.76 25.49 13.08 14.99 24.47 3.68 57.88 13.37 16.15 8.51 E:\FR\FM\06FER1.SGM 06FER1

Agencies

[Federal Register Volume 85, Number 25 (Thursday, February 6, 2020)]
[Rules and Regulations]
[Page 6803]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-01392]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 25

[TD 9884]
RIN 1545-B072


Estate and Gift Taxes; Difference in the Basic Exclusion Amount

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Correcting amendment.

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SUMMARY: This document contains corrections to Treasury Decision 9884, 
which was published in the Federal Register for Tuesday, November 26, 
2019. Treasury Decision 9884 contained final regulations addressing the 
effect of recent legislative changes to the basic exclusion amount 
allowable in computing Federal gift and estate taxes. The final 
regulations affect donors of gifts made after 2017 and the estates of 
decedents dying after 2017.

DATES: 
    Effective Date: These final regulations are effective on and after 
February 6, 2020.
    Applicability Date: For date of applicability, see Sec.  20.2010-
1(f)(2).

FOR FURTHER INFORMATION CONTACT: John D. MacEachen, (202) 317-6859 (not 
a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

    The final regulation (TD 9884) that is the subject of this 
correction is under section 2010 of the Internal Revenue Code.

Need for Correction

    As published November 26, 2019 (84 FR 64995), the final regulation 
(TD 9884; FR Doc. 2019-25601) contained an omission that may prove 
misleading and therefore should be corrected.

List of Subjects in 26 CFR Part 25

    Gift taxes, Reporting and recordkeeping requirements.

Correction of Publication

    Accordingly, 26 CFR part 25 is corrected by making the following 
corrective amendment:

PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

0
Par. 1. The authority citation for part 25 continues to read in part as 
follows:

    Authority: 26 U.S.C. 7805.
* * * * *


Sec.  25.2505-2  [Amended]

0
Par. 2. Section 25.2505-2 is amended by removing ``Sec.  20.2010-
1(d)(5)'' wherever it appears and adding in its place ``Sec.  20.2010-
1(e)(5)''.

Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, 
Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2020-01392 Filed 2-5-20; 8:45 am]
BILLING CODE 4830-01-P