Internal Revenue Bulletin 2011-38 (PDF rendition): IRS Announcements

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Bulletin No. 201
1-38
September 19, 20
11
HIGHLIGHTS
OF THIS ISSUE
These synopses are intended only as aids to the reader in
identifying the subject matter covered. They may not be
relied upon as authoritative interpretations.
INCOME TAX
T.D. 9540, page 341.
Final regulations provide guidance relating to the use of actuar-
ial tables in valuing annuities, interest for life or term of years,
and remainder or reversionary interests. These regulations will
affect the valuation ofinter vivosand testamentary transfers
of interests dependent on one or more measuring lives. These
regulations are necessary because section 7520(c)(3) of the
Code directs the Secretary to update the actuarial tables to re-
flect the most recent mortality experience available.
Notice 2011–72, page 407.
This notice provides guidance on the tax treatment of cellular
phones that employers provide to their employees primarily for
noncompensatory business purposes. When an employer pro-
vides a cell phone to an employee for noncompensatory busi-
ness reasons, the employee’s business use of the cell phone is
excluded from gross income as a working condition fringe. The
value of any personal use of an employer-provided cell phone
canbeexcludedfromincomeasade minimisfringe benefit.
ESTATE TAX
T.D. 9540, page 341.
Final regulations provide guidance relating to the use of actuar-
ial tables in valuing annuities, interest for life or term of years,
and remainder or reversionary interests. These regulations will
affect the valuation ofinter vivosand testamentary transfers
of interests dependent on one or more measuring lives. These
regulations are necessary because section 7520(c)(3) of the
Code directs the Secretary to update the actuarial tables to re-
flect the most recent mortality experience available.
GIFT TAX
T.D. 9540, page 341.
Final regulations provide guidance relating to the use of actuar-
ial tables in valuing annuities, interest for life or term of years,
and remainder or reversionary interests. These regulations will
affect the valuation ofinter vivosand testamentary transfers
of interests dependent on one or more measuring lives. These
regulations are necessary because section 7520(c)(3) of the
Code directs the Secretary to update the actuarial tables to re-
flect the most recent mortality experience available.
Announcement of Declaratory Judgment Proceedings Under Section 7428 begins on page 410.
Finding Lists begin on page ii.

The IRS Mission
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Introduction
The Internal Revenue Bulletin is the authoritative instrument of
the Commissioner of Internal Revenue for announcing official
rulings and procedures of the Internal Revenue Service and for
publishing Treasury Decisions, Executive Orders, Tax Conven-
tions, legislation, court decisions, and other items of general
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contents are compiled semiannually into Cumulative Bulletins,
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stantive rulings necessary to promote a uniform application of
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ify, or amend any of those previously published in the Bulletin.
All published rulings apply retroactively unless otherwise indi-
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practices and procedures that affect the rights and duties of
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application of the law to the pivotal facts stated in the revenue
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Rulings and procedures reported in the Bulletin do not have the
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procedures, the effect of subsequent legislation, regulations,
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against reaching the same conclusions in other cases unless
the facts and circumstances are substantially the same.
The Bulletin is divided into four parts as follows:
Part I.—19
86 Code.
This part i
ncludes rulings and decisions based on provisions of
the Intern
al Revenue Code of 1986.
Part II.—Treaties and Tax Legislation.
This part is divided into two subparts as follows: Subpart A,
Tax Conventions and Other Related Items, and Subpart B, Leg-
islation and Related Committee Reports.
Part III.—Administrative, Procedural, and Miscellaneous.
To the extent practicable, pertinent cross references to these
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ings. Bank Secrecy Act Administrative Rulings are issued by
the Department of the Treasury’s Office of the Assistant Secre-
tary (Enforcement).
Part IV
.—Items of General Interest.
This par
t includes notices of proposed rulemakings, disbar-
ment an
d suspension lists, and announcements.
The last Bulletin for each month includes a cumulative index
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ontents of this publication are not copyrighted and may be reprinted freely. A citation of the Internal Revenue Bulletin as the source would be appropriate.
For sale by the Superintendent of Documents, U.S.Government Printing Office, Washington, DC 20402.
September 19, 20112011–38 I.R.B.

Part I. Rulings
and Decisions Under the Internal Revenue Code
of 1986
Section 7520.—Valuation
Tables
26 CFR 1.170A–12: Valuation of a remainder interest
in real property for contribution made after July 31,
1969.
T.D. 9540
Use of Actuarial Tables in
Valuing Annuities, Interests
for Life or Terms of Years, and
Remainder or Reversionary
Interests
AGENCY: Internal Revenue Service
(IRS), Treasury.
ACTION: Final regulations and removal
of temporary regulations.
SUMMARY: This document contains final
regulations relating to the use of actuarial
tables in valuing annuities, interests for life
or terms of years, and remainder or rever-
sionary interests. These regulations will
affect the valuation ofinter vivosand tes-
tamentary transfers of interests dependent
on one or more measuring lives. These
regulations are necessary because section
7520(c)(3) directs theSecretary to update
the actuarial tables to reflect the most re-
cent mortality experience available.
DATES:Effective Date:These regulations
are effective on August 10, 2011.
Applicability Date:These regulations
apply on August 10, 2011.
FOR FURTHER INFORMATION
CONTACT: Mayer R. Samuels, (202)
622–3090 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
OnMay7,2009,theIRSpublishedin
theFederal Register(74 FR 21438 and
74 FR 21519) final and temporary regu-
lations (T.D. 9448, 2009–20 I.R.B. 942)
and a notice of proposed rulemaking by
cross reference to temporary regulations
(REG–107845–08, 2009–20 I.R.B. 1014)
under sections 642, 664, 2031, 2512, and
7520 relating to the use of actuarial ta-
bles in valuing annuities, interests for life
or terms of years, and remainder or rever-
sionary interests. No written comments re-
sponding to the notice of proposed rule-
making by cross reference to temporary
regulations were received and, thus, no
hearing was held. An example was deleted
under section 2032 and it is anticipated
that it instead will be included in a differ-
ent regulation project under that section.
The proposed regulations by cross refer-
ence to the temporary regulations, without
any other substantive change, are adopted
as final regulations.
The following chart summarizes the ap-
plicable interest rates and the citations to
textual materials and tables for the various
periods covered under the current regula-
tions:
C
rossReferencetoRegulationSections
Valuation
P
eriod
Interest
R
ate
Regulation
S
ectionTable
Section642:
Valuation, in general-1.642(c)–6
before 01/01/52
4%1.642(c)–6A(a)
01/01/52 - 12/31/703.5%
1.642(c)–6A(b)
01/01/71 - 11/30/836%1.642(c)–6A(c)
12/01/83 - 04/30/8910%1.642(c)–6A(d)Table G
05/01/89 - 04/30/99§7520
1.642(c)–6A(e)
Table S (05/01/89 - 04/30/99)
05/01/99 - 04/30/09§7520
1.642(c)–6A(f)
Table S (05/01/99 - 04/30/09)
on or after 05/01/09§7520
1.642(c)–6(e)
Table S (on or after 05/01/09)
S
ection664:
Valuation, in general-1.664–4
before 01/01/52
4%1.664–4A(a)
01/01/52 - 12/31/703.5%
1.664–4A(b)
01/01/71 - 11/30/836%1.664–4A(c)
12/01/83 - 04/30/8910%1.664–4A(d)Table E, Table F(1)
05/01/89 - 04/30/99§7520
1.664–4A(e)
Table U(1) (05/01/89 - 04/30/99)
05/01/99 - 04/30/09§7520
1.664–4A(f)
Table U(1) (05/01/99 - 04/30/09)
on or after 05/01/09§7520
1.664–4(e)Table D, Tables F(4.2) - F(14.0), and
Table U(1) (on or after 05/01/09)
2011–38 I.R.B.341September 19, 2011

Section2031:
Valuation, in general-20.2031–7
before 01/01/52
4%20.2031–7A(a)
01/01/52 - 12/31/703.5%
20.2031–7A(b)
01/01/71 - 11/30/836%20.2031–7A(c)
12/01/83 - 04/30/8910%20.2031–7A(d)Table A, Table B, Table LN
05/01/89 - 04/30/99§7520
20.2031–7A(e)
Table S (05/01/89 - 04/30/99) and
Life Table 80CNSMT
05/01/99 - 04/30/09§7520
20.2031–7A(f)
Table S (05/01/99 - 04/30/09) and
Life Table 90CM
on or after 05/01/09§7520
20.2031–7(d)Table B, Table J, Table K, and Table
S (on or after 05/01/09) and Life
Table 2000CM
S
ection2512:
Valuation, in general-
25.2512–5
before 01/01/52
4%
25.2512–5A(a)
01/01/52
- 12/31/70
3.5%25.2512–
5A(b)
01/01/71
-11/30/83
6%
25.2512–5A(c)
12/01/83 - 04/30/8910%
25.2512–5A(d)
05/01/8
9 - 04/30/99
§752025.2512
–5A(e)
05/01/99 - 04/30/09§752025.2512–5A(f)
on or after 05/01/09§752025.2512–5(d)
Effective Dates
These regulations are applicable in the
case of annuities, interests for life or terms
of years, and remainder or reversionary
interests valued as of a date on or after
May 1, 2009.
Special Analyses
It has been determined that this Trea-
sury decision is not a significant regu-
latory action as defined in EO 12866.
Therefore, a regulatory assessment is not
required. It also has been determined
that section 553(b) of the Administra-
tive Procedure Act (5 U.S.C. chapter 5)
does not apply to these regulations, and
because these regulations do not impose
a collection of information requirement
on small entities, the Regulatory Flexi-
bility Act (5 U.S.C. chapter 6) does not
apply. Therefore, a Regulatory Flexibility
Analysis is not required. Pursuant to
section 7805(f) of the Internal Revenue
Code, the notice of proposed rulemaking
preceding this regulation was submitted
to the Chief Counsel for Advocacy of
the Small Business Administration for
comment on its impact on small business.
Drafting Information
The principal author of these regula-
tions is Mayer R. Samuels, Office of the
Associate Chief Counsel (Passthroughs
and Special Industries), IRS. However,
other personnel from the IRS and the
Treasury Department participated in their
development.
*****
Adoption of Amendments to the
Regulations
Accordingly, 26 CFR parts 1, 20, and
25 are amended as follows:
PART 1—INCOME TAXES
Paragraph 1. The authority citation for
part 1 is amended by removing the entries
for 1.170A–12T, 1.642(c)–6T, 1.664–4T
and 1.7520–1T to readin part as follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.170A–12 is amended
by revising paragraphs (b)(2), (b)(3), and
(f) to read as follows:
§1.170A–12 Valuation of a remainder
interest in real property for contributions
made after July 31, 1969.
*****
(b) * * *
(2)Computation of depreciation factor.
If the valuation of the remainder interest
in depreciable property is dependent upon
the continuation of one life, a special fac-
tor must be used. The factor determined
under this paragraph (b)(2) is carried to the
fifth decimal place. The special factor is
to be computed on the basis of the interest
rate and life contingencies prescribed in
§20.2031–7 of this chapter (or for peri-
ods before May 1, 2009, §20.2031–7A)
and on the assumption that the property
depreciates on a straight-line basis over
its estimated useful life. For transfers for
which the valuation date is on or after
May 1, 2009, special factors for deter-
mining the present value of a remainder
interest following one life and an example
describing the computation are contained
in Internal Revenue Service Publication
1459, “Actuarial Valuations Version 3C”
(2009). This publication is available, at
no charge, electronically via the IRS Inter-
net site atwww.irs.gov. For transfers for
which the valuation date is after April 30,
1999, and before May 1, 2009, special fac-
tors for determining the present value of a
remainder interest following one life and
an example describing the computation
are contained in Internal Revenue Service
September 19, 20113422011–38 I.R.B.

Publication 1459, “Actuarial Values, Book
Gimel,” (7–99). For transfers for which
the valuation date is after April 30, 1989,
and before May 1, 1999, special factors
for determining the present value of a
remainder interest following one life and
an example describing the computation
are contained in Internal Revenue
Service Publication 1459, “Actuarial
Values, Gamma Volume,” (8–89). These
publications are no longer available for
purchase from the Superintendent of
Documents, United States Government
Printing Office. However, they may
be obtained by requesting a copy from:
CC:PA:LPD:PR (IRS Publication 1459),
room 5205, Internal Revenue Service,
P.O. Box 7604, Ben Franklin Station,
Washington, DC 20044. See, however,
§1.7520–3(b) (relating to exceptions to
the use of prescribed tables under certain
circumstances). Otherwise, in the case
of the valuation of a remainder interest
following one life, the special factor may
be obtained through use of the following
formula:
Where:
n=the estimated number of years of useful life,
i=the applicable interest rate under section 7520 of the Internal Revenue Code,
v=1 divided by the sum of 1 plus the applicable interest rate under section 7520 of the Internal Revenue Code,
x=the age of the life tenant, and
lx=number of persons living at age x as set forth in Table 2000CM of §20.2031–7 of this chapter (or, for periods before May 1,
2009, the tables set forth under §20.2031–7A).
(3) The following example illustrates
the provisions of this paragraph (b):
Example. A, who is 62, donates to Y University
a remainder interest in a personal residence, consist-
ing of a house and land, subject to a reserved life es-
tate in A. At the time of the gift, the land has a value
of $30,000 and the house has a value of $100,000
with an estimated useful life of 45 years, at the end
of which period the value of the house is expected
to be $20,000. The portion of the property consid-
ered to be depreciable is $80,000 (the value of the
house ($100,000) less its expected value at the end
of 45 years ($20,000)). The portion of the property
considered to be nondepreciable is $50,000 (the value
of the land at the time of the gift ($30,000) plus the
expected value of the house at the end of 45 years
($20,000)). At the time of the gift, the interest rate
prescribed under section 7520 is 8.4 percent. Based
on an interest rate of 8.4 percent, the remainder fac-
tor for $1.00 prescribed in §20.2031–7(d) for a per-
son age 62 is 0.26534. The value of the nondeprecia-
ble remainder interest is $13,267.00 (0.26534 times
$50,000). The value of the depreciable remainder
interest is $15,053.60 (0.18817, computed under the
formula described in paragraph (b)(2) of this section,
times $80,000). Therefore, the value of the remain-
der interest is $28,320.60.
*****
(f)Effective/applicability date.This
section applies to contributions made af-
ter July 31, 1969, except that paragraphs
(b)(2) and (b)(3) apply to all contributions
made on or after May 1, 2009.
§1.170A–12T [Removed]
Par. 3. Section 1.170A–12T is re-
moved.
Par. 4. Section 1.642(c)–6 is amended
by revising paragraphs (d), (e), and (f) to
read as follows:
§1.642(c)–6 Valuation of a remainder
interest in property transferred to a pooled
income fund.
*****
(d)Valuation. The present value of the
remainder interest in property transferred
to a pooled income fund on or after May 1,
2009, is determined under paragraph (e)
of this section. The present value of the
remainder interest in property transferred
to a pooled income fund for which the
valuation date is before May 1, 2009, is
determined under the following sections:
V
aluationDates
AfterBefore
Applicable
R
egulations
-
01–01–52
1.642(c)–6A(a)
12–31–51
01–01–711.642(c)–6A(b)
12–31–7012–01–831.642(c)–6A(c)
11–30–83
05–01–89
1.642(c)–6A(d)
04–30–89
05–01–99
1.642(c)–6A(e)
04–30–99
05–01–09
1.642(c)–6A(f)
(e)Present value of the remainder in-
terest in the case of transfers to pooled in-
come funds for which the valuation date is
on or after May 1, 2009—(1)In general.
In the case of transfers to pooled income
funds for which the valuation date is on or
after May 1, 2009, the present value of a
remainder interest is determined under this
section. See, however, §1.7520–3(b) (re-
2011–38 I.R.B.343September 19, 2011

lating to exceptions to the use of prescribed
tables under certain circumstances). The
present value of a remainder interest that
is dependent on the termination of the life
of one individual is computed by the use
of Table S in paragraph (e)(6) of this sec-
tion. For purposes of the computations un-
der this section, the age of an individual is
the age at the individual’s nearest birthday.
(2)Transitional rules for valuation of
transfers to pooled income funds.(i)For
purposes of sections 2055, 2106, or 2624,
if on May 1, 2009, the decedent was men-
tally incompetent so that the disposition
of the property could not be changed, and
the decedent died on or after May 1, 2009,
without having regained competency to
dispose of the decedent’s property, or the
decedent died within 90 days of the date
that the decedent first regained compe-
tency on or after May 1, 2009, the present
value of a remainder interest is determined
as if the valuation date with respect to the
decedent’s gross estate is either before or
after May 1, 2009, at the option of the
decedent’s executor.
(ii) For purposes of sections 170, 2055,
2106, 2522, or 2624, in the case of trans-
fers to a pooled income fund for which
the valuation date is on or after May 1,
2009, and before July 1, 2009, the present
value of the remainder interest under this
section is determined by use of the appro-
priate yearly rate of return for the month
in which the valuation date occurs (see
§§1.7520–1(b) and 1.7520–2(a)(2)) and
the appropriate actuarial tables under ei-
ther paragraph (e)(6) of this section or
§1.642(c)–6A(f)(6), at the option of the
donor or the decedent’s executor, as the
case may be.
(iii) For purposes of paragraphs
(e)(2)(i) and (e)(2)(ii) of this section,
where the donor or decedent’s executor is
given the option to use the appropriate ac-
tuarial tables under either paragraph (e)(6)
of this section or §1.642(c)–6A(f)(6), the
donor or decedent’s executor must use the
same actuarial table with respect to each
individual transaction and with respect to
all transfers occurring on the valuation
date (for example, gift and income tax
charitable deductions with respect to the
same transfer must be determined based
on the same tables, and all assets includi-
ble in the gross estate and/or estate tax
deductions claimed must be valued based
onthesametables).
(3)Present value of a remainder inter-
est. The present value of a remainder inter-
est in property transferred to a pooled in-
come fund is computed on the basis of—
(i) Life contingencies determined from
the values oflxthat are set forth in Table
2000CM in §20.2031–7(d)(7) of this chap-
ter (see §20.2031–7A for certain prior pe-
riods); and
(ii) Discount at a rate of interest, com-
pounded annually, equal to the highest
yearly rate of return of the pooled income
fund for the 3 taxable years immediately
preceding its taxable year in which the
transfer of property to the fund is made.
For purposes of this paragraph (e), the
yearly rate of return of a pooled income
fund is determined as provided in para-
graph (c) of this section unless the highest
rate of return is deemed to be the rate de-
scribed in paragraph (e)(4) of this section
for funds in existence less than 3 taxable
years. For purposes of this paragraph
(e)(3)(ii), the first taxable year of a pooled
income fund is considered a taxable year
even though the taxable year consists of
less than 12 months. However, appropriate
adjustments must be made to annualize the
rate of return earned by the fund for that
period. Where it appears from the facts
and circumstances that the highest yearly
rate of return of the fund for the 3 taxable
years immediately preceding the taxable
year in which the transfer of property is
made has been purposely manipulated to
be substantially less than the rate of return
that would otherwise be reasonably antic-
ipated with the purpose of obtaining an
excessive charitablededuction, that rate
of return may not be used. In that case,
the highest yearly rate of return of the
fund is determined by treating the fund
as a pooled income fund that has been in
existence for less than 3 preceding taxable
years.
(4)Pooled income funds in existence
less than 3 taxable years. If a pooled in-
come fund has been in existence less than
3 taxable years immediately preceding the
taxable year in which the transfer is made
to the fund and the transfer to the fund
is made after April 30, 1989, the highest
rate of return is deemed to be the interest
rate (rounded to the nearest two-tenths of
one percent) that is 1 percent less than the
highest annual average of the monthly sec-
tion 7520 rates for the 3 calendar years im-
mediately preceding the calendar year in
which the transfer to the pooled income
fund is made. The deemed rate of return
for transfers to new pooled income funds
is recomputed each calendar year using the
monthly section 7520 rates for the 3-year
period immediately preceding the calendar
year in which each transfer to the fund is
made until the fund has been in existence
for 3 taxable years and can compute its
highest rate of return for the 3 taxable years
immediately preceding the taxable year in
which the transfer of property to the fund is
made in accordance with the rules set forth
in the first sentence of paragraph (e)(3)(ii)
of this section.
(5)Computation of value of remainder
interest. (i) The factor that is used in de-
termining the present value of a remainder
interest that is dependent on the termina-
tion of the life of one individual is the fac-
tor from Table S in paragraph (e)(6) of this
section under the appropriate yearly rate
of return opposite the number that corre-
sponds to the age of the individual upon
whose life the value of the remainder in-
terest is based (See §1.642(c)–6A for cer-
tain prior periods). The tables in para-
graph (e)(6) of this section include fac-
tors for yearly rates of return from 0.2 to
14 percent. Many actuarial factors not
contained in the tables in paragraph (e)(6)
of this section are contained in Table S
in Internal Revenue Service Publication
1457, “Actuarial Valuations Version 3A”
(2009). This publication is available, at
no charge, electronically via the IRS In-
ternet site atwww.irs.gov. For other sit-
uations, see paragraph (b) of this section.
If the yearly rate of return is a percentage
that is between the yearly rates of return for
which factors are provided, a linear inter-
polation must be made. The present value
of the remainder interest is determined by
multiplying the fair market value of the
property on the valuation date by the ap-
propriate remainder factor.
(ii) This paragraph (e)(5) may be illus-
trated by the following example:
Example. A, who is 54 years and 8 months, trans-
fers $100,000 to a pooled income fund, and retains
a life income interest in the property. The highest
yearly rate of return earned by the fund for its 3 pre-
ceding taxable years is 9.47 percent. In Table S, the
remainder factor opposite 55 years under 9.4 percent
is .16192 and under 9.6 percent is .15755. The present
value of the remainder interest is $16,039.00, com-
puted as follows:
September 19, 20113442011–38 I.R.B.

Factorat9.4percentforage55.........................
.16192
Factorat9.6percentforage55......................... .
15755
Difference ......................................... .00437
Interpolation adjustment:
9
.47%-9.4%
0.2%
=x
.00437
x = .00153
Factorat9.4percentforage55.........................
.16192
Less:Interpolationadjustment .........................
.
00153
Interpolatedfactor ................................... .16039
Present value of remainder interest:
($100,000X.16039)........................... $16,039.00
(6)Actuarial tables. In the case of
transfers for which the valuation date is on
or after May 1, 2009, the present value of a
remainder interest dependent on the termi-
nation of one life in the case of a transfer
to a pooled income fund is determined by
use of the following Table S:
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
0
.85816.73751
.63478
.54723.47252
.40872
.35416
.30747
.26745
.23313
1
.85889
.73863.63604
.54844.47355
.40948
.35459.30752
.26711.23239
2
.86054.74145
.63968
.55260
.47802.41409
.35922
.31209
.27155
.23664
3.86221.74433.64339
.55687
.48263.41887.36404
.31685
.27619.24112
4.86390
.74725
.64716
.56121
.48733.42374.36898
.32175
.28098
.24575
5.86560.75018.65097.56561
.49209.42871.37401
.32675.28588.25050
6.86731
.75314.65482.57006
.49692
.43375
.37913.33186.29090
.25538
7.86902
.75611.65868.57454.50180.43885
.38432.33704.29601
.26035
8.87073
.75909.66258.57907.50674
.44403.38960.34233.30122
.26544
9.87246.76209
.66651.58364.51173
.44928.39497.34771
.30654
.27064
10.87419
.76511
.67046
.58826.51679.45459
.40042
.35319
.31197
.27596
11
.87592
.76814
.67445.59291.52190.45998.40596.35876.31750
.28139
12.87766.77119
.67845.59761.52706.46544.41157
.36443.32313.28693
13.87939.77424.68247.60232
.53225
.47094.41723
.37015
.32884
.29255
14.88112.77728.68649.60704
.53746
.47646.42293
.37592
.33460.29823
15
.88284.78031
.69050
.61176
.54267
.48199
.42865
.38172.34038.30394
16
.88455
.78333.69449.61647
.54788.48752
.43437
.38752
.34619.30968
17
.88625
.78633.69848.62117
.55309
.49307.44012.39336
.35203.31546
18
.88795
.78933.70246
.62588.55830
.49863
.44589
.39923
.35791
.32129
19.88964.79232.70644
.63059.56354.50422.45170.40514.36385
.32719
20.89132
.79532
.71044
.63534.56882.50987.45757
.41114.36987.33317
21.89301.79832
.71445
.64010
.57413.51555.46350
.41719
.37597.33925
22.89470.80133.71847.64488
.57947.52129
.46948.42332.38216
.34541
23.89639.80434
.72251
.64970
.58486.52708.47554.42954
.38844
.35168
24.89808.80737
.72658.65456.59031.53295
.48169
.43586
.39484
.35809
25
.89978.81042.73068
.65947.59583.53890.48795
.44230.40137.36464
2011–38 I.R.B.345September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
26.90149.81349.73482.66443.60141
.54494
.49430.44886.40804.37134
27.90320
.81657
.73899.66944.60707
.55107.50076.45554
.41484.37819
28.90492.81968.74319
.67450
.61278
.55728.50733
.46233.42178
.38520
29
.90665
.82279.74741.67960
.61856.56356.51398
.46924.42884.39233
30.90837
.82591.75165
.68473.62438
.56990.52070
.47623.43601
.39959
31.91010.82904
.75592
.68989.63024
.57631.52751
.48333.44329.40698
32.91182.83218.76020
.69509
.63616
.58278.53440.49052.45068
.41449
33
.91355.83532
.76449.70031.64212
.58931.54137
.49780
.45818
.42213
34
.91527
.83847.76880
.70556
.64811
.59589.54839.50516.46578
042988
35
.91700.84162.77312.71082
.65414.60253.55549.51261
.47347.43774
36.91872.84477.77744.71611.66021.60921
.56266.52014
.48127
.44572
37.92043.84792.78178.72142.66631
.61594.56989.52774
.48916
.45381
38
.92215.85107
.78613
.72675
.67244.62272
.57718.53544.49715
.46201
39.92386
.85422
.79048.73210.67860
.62955.58453.54320.50523
.47032
40
.92557.85736
.79483.73746.68479.63641
.59194.55104.51340
.47873
41.92727
.86050
.79918.74283.69100.64331
.59940.55894.52165
.48724
42.92896.86364
.80354
.74820.69723
.65024
.60690
.56691.52998.49585
43
.93065
.86677.80789
.75359
.70348
.65721
.61447
.57495.53840.50457
44.93234.86990
.81225.75899
.70976.66422.62208
.58305.54690.51338
45
.93402.87302.81660.76439
.71605.67125
.62973
.59122.55547.52228
46
.93569
.87613
.82095
.76980.72236.67832.63743
.59945.56413.53129
47
.93735
.87924
.82530.77521
.72867
.68541.64517
.60773
.57286.54037
48.93901.88233.82964.78062
.73501.69253.65295
.61606
.58166.54955
49
.94065.88541
.83397.78604
.74135
.69967.66077.62446
.59053.55882
50
.94229.88849.83830
.79145
.74771.70684.66864.63292
.59949.56819
51
.94393
.89156
.84263.79688
.75409
.71404
.67655
.64143
.60852.57766
52.94556
.89462
.84695
.80230.76048.72127
.68450.65001
.61763
.58722
53
.94717.89767
.85126
.80772.76687
.72852
.69249
.65863
.62680
.59687
54
.94878.90070
.85555
.81313.77326
.73577.70050
.66730.63603
.60658
55.95037
.90371
.85983.81853
.77964.74302
.70851.67598.64530.61635
56.95195
.90670.86406.82388
.78599.75024.71651.68465.65457
.62613
57.95351.90965
.86827.82920.79230
.75744
.72448.69332.66384
.63593
58.95505.91257
.87243.83447
.79857.76459
.73242
.70195
.67309
.64573
59.95657.91546.87655
.83970.80479.77170.74033
.71057
.68233
.65553
60
.95807
.91832.88064.84490.81098.77879.74822.71918
.69158.66534
61
.95955.92115
.88469
.85005
.81713
.78584.75608
.72776.70081
.67515
62.96101
.92395
.88869
.85515
.82323.79283.76388.73630.71001.68494
63
.96245
.92670
.89265
.86020.82926.79977.77164.74479.71917.69470
64.96387.92942
.89655.86518.83524.80665
.77933
.75323
.72828.70443
65.96527
.93210.90040.87011.84116.81346.78697.76162
.73735
.71411
66
.96665
.93476.90423
.87502
.84706.82027.79461.77002
.74645.72385
67.96802.93739.90803.87990
.85292.82705
.80223.77841
.75554.73359
68.96937.93999.91179.88472
.85874
.83378.80980.78676.76461.74331
69.97070
.94255.91549
.88949.86449.84044.81731
.79504
.77362
.75299
70.97200
.94506
.91914.89419.87016.84702.82473.80326
.78256
.76260
71.97328
.94754
.92273.89882
.87577.85353
.83209.81140.79143
.77215
72
.97453
.94997.92626.90338.88129
.85996.83935.81945
.80021.78162
September 19, 20113462011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
73
.97576.95234
.92972
.90785
.88671.86627
.84651
.82739.80888.79098
74
.97695.95466
.93310.91223.89202.87247
.85353.83518
.81741.80019
75
.97811
.95692
.93638.91649.89720
.87851
.86039.84281
.82577
.80923
76.97924
.95910.93957
.92063.90224.88440.86708
.85026
.83393.81807
77.98033.96122.94267
.92465.90715
.89013.87360
.85753
.84191.82671
78.98138.96327
.94567.92855
.91190
.89571.87995
.86461.84968
.83515
79.98239
.96526.94857
.93233
.91652
.90112.88611.87149
.85725
.84337
80.98337.96717
.95138.93598
.92098
.90635
.89208.87817.86460
.85135
81.98431.96901
.95408.93951.92529
.91141.89786.88463.87172
.85910
82
.98521
.97077
.95667
.94290.92944.91629.90344.89088.87861.86660
83.98608.97247
.95917
.94616.93343.92099.90882.89691
.88526.87385
84.98691.97409
.96156
.94928.93727
.92551
.91399.90271.89166.88084
85
.98770
.97565
.96384
.95228
.94094.92984
.91895
.90828.89782
.88757
86
.98845
.97713.96602
.95514
.94446.93398.92371.91362.90373.89402
87.98917
.97854
.96810
.95786
.94781.93794
.92825
.91873.90939.90021
88
.98985
.97988.97008.96046
.95100
.94171
.93258
.92361.91479.90612
89.99049
.98115
.97196.96292
.95404.94530
.93671.92826.91994.91176
90.99110
.98235
.97373
.96526.95691
.94871.94062.93267.92484.91713
91.99168.98348
.97541
.96747
.95964.95193
.94434.93686.92949.92223
92.99222
.98455
.97700
.96955
.96222
.95498.94785
.94083.93390.92707
93.99273
.98556
.97849
.97152
.96464
.95786.95117.94457
.93806.93163
94.99321
.98651
.97989.97337.96692
.96057.95429
.94810.94199
.93595
95
.99366.98739.98121
.97510
.96907.96312
.95724.95143.94569
.94002
96.99408.98822.98244.97673.97108
.96551.95999.95454
.94916.94384
97.99447.98900
.98359.97825
.97297.96774
.96258.95747.95242
.94742
98.99483.98973.98467.97967.97473.96984
.96500
.96021
.95547.95078
99
.99518
.99040
.98568
.98101.97638.97180.96727.96278
.95834.95394
100
.99549
.99103.98661.98224.97791.97362.96937
.96516
.96100
.95687
101
.99579
.99162
.98750
.98340
.97935.97534
.97136.96742
.96351.95964
102.99607.99217.98831.98448.98068.97692.97319
.96950.96583
.96220
103.99634.99271.98911
.98553
.98199.97848
.97500.97155
.96812.96473
104
.99659
.99320.98984
.98651
.98320.97992.97666.97344.97023
.96705
105
.99683.99369
.99056
.98747.98439.98134.97830
.97530
.97231.96934
106.99713.99429.99146
.98865.98586
.98309.98033.97760.97488.97218
107.99747.99496.99246.98998
.98751.98506
.98262.98020.97779
.97539
108.99800.99602.99404.99208.99012.98818.98624.98431.98240.98049
109.99900.99801.99702.99603
.99505
.99407.99310.99213.99116.99020
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
0
.20365
.17830
.15648
.13767.12144.10741
.09528
.08476
.07564
.06772
1
.20251
.17677
.15458.13542.11885.10451
.09209.08131.07194.06379
2011–38 I.R.B.347September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
2
.20656
.18060
.15817
.13877.12197.10740.09476.08376.07420
.06586
3.21084.18466.16200.14236
.12533.11054
.09767.08647.07670.06817
4
.21527
.18888.16600.14613.12887
.11385
.10076
.08935
.07938.07066
5
.21984.19324.17013
.15004.13255
.11730.10399.09237.08220.07329
6
.22454
.19773.17440
.15408
.13636.12089.10736
.09553.08515.07605
7.22933.20233.17879
.15824
.14030.12460
.11085
.09880.08822.07892
8
.23425.20705
.18330
.16254
.14436.12844.11447.10221.09142.08193
9.23930.21191
.18795
.16697
.14857
.13243.11824
.10576
.09476
.08507
10.24446.21689.19273
.17153.15292.13655
.12214
.10945
.09824
.08835
11
.24975
.22200.19764.17623
.15740
.14081.12619.11328.10187.09177
12
.25515
.22724.20268.18107.16202
.14521
.13037.11724
.10563.09533
13.26064
.23256
.20782.18600.16674.14972.13466.12132.10949.09900
14.26620.23796.21303.19101
.17154.15430
.13903
.12547
.11344.10273
15
.27179.24340.21829.19607.17639
.15894
.14344.12968.11743
.10652
16.27742.24887
.22358
.20117.18128.16361.14790.13391
.12145
.11034
17.28309
.25439
.22893.20632.18622.16834
.15241
.13821
.12554
.11421
18.28881
.25997
.23434
.21154
.19123.17314
.15699.14258
.12969
.11815
19.29461
.26563
.23983.21684.19633.17803.16167.14703.13393.12218
20
.30050
.27139
.24543
.22226
.20156
.18304.16646
.15161
.13829.12633
21.30649.27726
.25114
.22779.20689.18817.17138
.15631
.14277.13060
22
.31259
.28323
.25697
.23344
.21235
.19342.17642.16114.14739
.13500
23.31879.28934.26293.23923
.21795
.19882.18161.16612
.15215.13955
24
.32515.29559
.26904
.24519
.22372.20440.18699.17128
.15710
.14429
25
.33166.30201
.27534.25133
.22969.21018
.19256.17665
.16226.14924
26.33833.30861.28182
.25767.23586
.21616
.19835
.18224.16764
.15440
27
.34517.31538
.28849.26420.24224.22236.20436.18804.17324
.15980
28
.35217
.32233
.29535
.27093.24882.22877
.21058
.19407.17907
.16542
29
.35932
.32944.30237.27784
.25558.23537
.21701.20031
.18511
.17126
30.36661.33670
.30956
.28492
.26253
.24216.22362.20674
.19135
.17730
31.37403.34411.31691.29217
.26965
.24914.23044.21338.19779
.18355
32.38160
.35167
.32442.29960.27697
.25631.23745
.22022
.20445
.19002
33.38930
.35939
.33211.30721.28447.26368.24467.22727.21133.19671
34.39713.36724.33993.31497.29213.27123
.25207.23451
.21839.20360
35.40509.37523
.34792.32290.29998.27896
.25967.24195.22567
.21070
36.41318.38337
.35606
.33100.30800.28688.26746.24961.23317.21803
37.42139
.39165.36435
.33927.31621.29499
.27546.25746
.24087
.22557
38.42974.40008.37281.34771.32460.30330.28366
.26554
.24880.23334
39.43821.40864.38141
.35631
.33316.31179
.29205
.27381
.25694
.24133
40.44679.41734.39016
.36507
.34189.32046.30064.28229
.26529.24954
41
.45549
.42616.39906.37399
.35080
.32932.30942.29097.27386
.25797
42.46430
.43511
.40809.38307
.35987
.33836.31840.29986.28264.26662
43.47324.44421.41729.39232.36913.34760
.32758
.30897
.29165.27552
44.48229
.45343
.42663.40172
.37857.35702
.33697.31829.30088
.28465
45
.49144.46277.43611.41128.38817.36663
.34655
.32782.31033.29400
46
.50072.47225.44574
.42101.39796.37644
.35634.33757
.32002.30360
47
.51009.48185.45550
.43089.40791.38642.36633
.34753
.32992.31343
48
.51958.49158.46540
.44093.41803.39660
.37652.35770
.34006
.32351
September 19, 20113482011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
49
.52917.50143.47545.45113
.42833.40696.38691.36810
.35043
.33383
50.53888.51141.48566.46150
.43883
.41754.39754
.37874.36106.34442
51.54871.52153
.49602.47204
.44951
.42832.40838.38961.37194
.35528
52.55865.53179.50653
.48276.46038.43931
.41945
.40073.38307.36641
53.56869.54217.51718
.49363.47143
.45050
.43074.41208.39446.37781
54.57882.55265.52796.50465.48265
.46186.44222.42364.40607
.38945
55.58902.56322.53884.51579
.49400.47338
.45387.43540
.41789.40131
56.59926.57383.54978.52701.50544.48501.46565
.44729.42987
.41335
57.60951.58449.56078.53830.51698.49675.47755.45932
.44201
.42555
58
.61978
.59517.57182.54964.52858.50858.48956
.47147
.45427
.43790
59
.63007
.60589.58290.56105.54027.52050.50167.48375
.46668
.45041
60.64039
.61665.59405.57254.55205.53253.51392
.49617
.47925
.46310
61
.65072
.62743
.60524.58409.56390.54465.52627.50872
.49196
.47595
62.66104.63822
.61645.59566.57581.55683.53870.52136.50478
.48892
63.67133.64900.62766.60726
.58774.56907.55120.53409.51770.50200
64.68161
.65977
.63887.61887
.59970.58134.56375.54688.53071.51519
65
.69186
.67053.65009
.63049.61170
.59367.57637.55976.54381.52849
66.70216.68136.66140.64223.62383
.60615.58916.57283.55713.54203
67
.71250
.69224.67277
.65405.63605
.61874.60208
.58605.57062.55575
68.72283.70312.68416
.66590
.64833.63140
.61509.59938.58423.56963
69.73312.71398
.69553
.67776.66062.64409
.62815
.61277
.59793.58360
70
.74335
.72479.70688
.68959
.67291
.65680
.64124.62621.61168
.59764
71
.75353.73556
.71819.70141
.68519.66951.65434
.63968
.62549
.61176
72.76364.74626
.72945
.71318.69744.68220
.66745.65317
.63933
.62593
73
.77365.75686
.74061.72487.70962.69484
.68051
.66662
.65315
.64009
74
.78350
.76733
.75164
.73643.72167
.70735
.69346.67997.66688
.65417
75
.79318.77761.76249.74781
.73355
.71971
.70625
.69318.68048.66813
76.80266.78769.77314
.75899.74524
.73187.71886.70621.69390.68192
77.81194
.79756.78358
.76997
.75672
.74382.73127.71904.70713
.69553
78.82100.80722.79380.78072.76798
.75556
.74346.73166.72016.70894
79.82984.81664.80378.79124.77900.76706
.75542.74405
.73296.72213
80.83843
.82582.81351
.80149.78976.77830.76711
.75618.74550.73507
81.84678.83474.82298.81148
.80025
.78927
.77853
.76803
.75777
.74773
82
.85487
.84339.83217.82119
.81045
.79994.78966
.77959
.76974.76009
83.86269
.85177
.84107.83060
.82035
.81030.80047.79083.78139.77214
84.87024
.85986
.84968.83970.82993
.82035.81095
.80174.79271
.78385
85.87751.86765.85798
.84849.83919
.83005
.82110.81230.80368
.79521
86
.88450.87515.86597.85696
.84811.83942.83089
.82251
.81428.80619
87.89119.88234.87363
.86508.85668
.84843.84031.83234
.82450
.81679
88.89760.88922.88099.87289.86492
.85708
.84938.84180.83434.82700
89.90372
.89580
.88801.88034.87280
.86537.85806.85087
.84378.83681
90
.90954
.90207.89471.88746.88032.87329.86637
.85954.85282
.84620
91
.91508
.90803.90109.89424
.88750.88085
.87429.86783.86146
.85518
92.92033.91369.90714.90068.89432.88803.88184
.87572
.86969.86374
93
.92530
.91904.91287.90678.90078.89484.88899.88321
.87751
.87188
94.92999.92411.91830
.91256
.90690.90130
.89578
.89032.88493.87961
2011–38 I.R.B.349September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
95
.93442.92889.92342.91802.91269.90741.90220.89706.89197.88694
96
.93858
.93338.92824.92316.91813.91316
.90825
.90340
.89859.89385
97.94248
.93759
.93276.92798
.92325.91857.91395
.90937.90484.90036
98.94614
.94155
.93701
.93252
.92807.92367.91931
.91500
.91073
.90650
99
.94959.94528
.94101.93679.93260.92846.92436.92030.91628.91229
100
.95278
.94874.94473
.94075
.93682.93292.92906
.92523
.92144.91769
101
.95581.95201
.94824
.94451
.94081
.93715.93352
.92992
.92635
.92281
102
.95860.95503.95149
.94798
.94450.94105
.93763.93424.93088
.92754
103.96136
.95802.95470.95142
.94816.94492.94171
.93853.93538
.93224
104.96390.96077
.95766.95458.95152
.94848
.94547
.94248
.93951.93657
105
.96640.96347
.96057.95769.95483.95199
.94917.94637
.94359
.94083
106
.96950
.96684.96420
.96157.95896.95636.95379.95123
.94868.94616
107.97301.97064.96829
.96595
.96362.96131
.95901.95672.95445.95219
108
.97859
.97670.97482
.97295
.97109.96923.96739
.96555
.96373.96191
109.98924.98828.98733.98638
.98544.98450.98356
.98263.98170.98077
Table S
Based on Life Table 2000CM
Sing
le Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2
%
4.4
%
4.6
%
4.8
%
5.0
%
5.2
%
5.4
%
5.6
%
5.8
%
6.0
%
0.06
083
.05483.04959.04501
.04
101
.03
749
.03
441
.03
170
.02
931
.02
721
1
.05668.05049.04507
.04034.03618
.03254
.02934
.02652
.02403.02183
2
.0
5858
.0
5222
.0
4665
.04178
.0
3750
.03373.03042
.0
2750
.02492.02264
3.0
6072
.05420
.0
4848
.0
4346
.0
3904
.03516
.0
3173
.0
2871
.0
2603
.0
2366
4.06303
.05634.05046.04530.04075
.03674.03319.03006.02729.02483
5.06547.05861.05258
.
04726
.04258
.
03844
.
03478
.03153
.
02866
.
02610
6
.06805
.06102
.05482.04935.04453
.04026.03647.03312.03014.02749
7.07074
.
06353
.
05717
.
05155
.
04658
.04217.03826.03479.03171
.
02895
8
.07356
.
06617
.05964.05386.04875
.
04421
.
04017
.03658
.
03338
.03053
9
.07651.06895.06225.05631.05105
.04637.04220.03849
.03518
.03222
10.07960
.07185
.06499
.05889.05347.04865.04435.04052
.03709.03402
11.08283.07490.06786.06160
.05603.05106
.04663.04267.03912
.03594
12.08620.07808.07087.06444
.05871.05360
.04903.04494.04127.03798
13.08967.08137.07397.06738.06149
.05623.05152
.04729
.04351
.04010
14.09321.08472
.07715
.07038.06433
.05892.05406
.04971
.04579
.04227
15
.09680.08812.08036.07342.06721.06164
.05664.05214
.04810
.04445
16.10041
.09154
.08360.07649.07011.06438
.05923.05459.05041
.04664
17.10409
.09502
.08689.07960
.07305
.06716
.06185.05707.05276
.04886
18.10782
.09855
.09024.08276.07604.06998
.06452.05959.05514.05111
19.11164.10217.09366.08600.07910.07288.06726.06218
.05758.05341
20
.11559.10592
.09721.08937.08228
.07589
.07010.06487.06012
.05582
21
.11965
.10977.10087.09283
.08557
.07900
.07305.06765
.06276
.05831
22.12383.11376
.10465
.09642.08897.08223.07610
.07055.06550
.06090
23.12817.11789
.10859
.10016
.09252.08559
.07930
.07358
.06837.06363
24.13270.12221.11270.10408
.09625
.08914.08267.07678.07141
.06651
September 19, 20113502011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
25
.13744.12674.11703.10821.10019.09289
.08625
.08018
.07465
.06960
26.14239.13149
.12158.11256.10435
.09686.09003.08380.07810.07288
27
.14758
.13647.12636.11714.10873.10106
.09405
.08764.08177.07639
28
.15300
.14169.13137
.12195.11335.10549
.09829.09171
.08567
.08012
29
.15864
.14712.13660.12698.11819.11013
.10275.09598
.08977.08406
30.16448
.15275
.14203.13222.12323.11498.10742.10047.09408.08820
31
.17053.15861
.14769.13768.12849.12006.11230
.10517
.09860
.09255
32.17680.16468
.15357
.14336.13398
.12535
.11741.11009
.10335
.09712
33.18330.17099
.15968
.14927.13970.13088
.12275.11525
.10832.10192
34.19000
.17750.16599.15539.14562
.13661.12829.12061
.11350
.10693
35
.19692.18423
.17253
.16174
.15178.14258
.13408.12621.11892.11217
36.20407.19119.17931.16833
.15818
.14879.14009.13204
.12457
.11764
37.21144.19838.18631
.17515
.16481
.15523.14635
.13811.13046
.12335
38.21904
.20582.19357
.18222.17170.16193
.15287
.14444.13661.12932
39.22687.21348
.20105.18952
.17882.16887
.15962.15102
.14300
.13554
40.23493.22137.20878.19707.18619.17606.16663
.15784.14965
.14201
41.24322
.22950
.21674.20487.19381
.18350
.17390.16493
.15656
.14873
42
.25173
.23786.22494.21290.20168.19120.18141.17227.16372
.15572
43.26049.24648.23342.22122.20982.19918.18922.17990.17118.16301
44
.26950.25535
.24214.22979.21824.20742.19730.18781.17892
.17057
45
.27874.26447
.25112
.23862.22692
.21595.20566
.19600.18694.17843
46.28824
.27385
.26038.24774
.23589
.22476.21431
.20450.19527.18659
47.29798.28349.26989
.25712.24513
.23386.22326.21328.20390
.19505
48.30797.29338.27967.26678
.25466.24325.23250
.22238.21283.20383
49.31822
.30355
.28974.27674.26449
.25294
.24206.23179.22210.21294
50
.32876.31401.30011.28701
.27465
.26298
.25196.24156
.23172.22242
51.33958
.32477.31079
.29759.28513.27335
.26221
.25168
.24170.23226
52.35068.33582
.32178
.30851.29595
.28407.27282.26216
.25206
.24249
53
.36206.34717.33308.31974.30710
.29513
.28378.27301.26279
.25309
54
.37371
.35880
.34467.33127
.31857.30651.29507
.28420.27388.26406
55.38559
.37067
.35652
.34308.33032.31820.30668
.29572.28529.27537
56.39765.38275.36859.35512
.34232.33014
.31855.30751
.29699.28697
57
.40990
.39502
.38086.36739
.35455
.34233.33068
.31957
.30898.29887
58
.42231.40747.39333
.37985
.36700
.35474
.34304.33188.32121.31103
59
.43490.42011.40600
.39253
.37968.36740
.35567
.34446.33374.32348
60.44768.43296.41890
.40546
.39261.38033
.36858.35733.34656.33625
61.46064.44600.43200.41860
.40578.39351.38175
.37048
.35968
.34933
62.47373
.45920.44527
.43194
.41915
.40690
.39514
.38387
.37305
.36267
63.48696
.47253.45870.44544
.43271.42049.40876.39749.38666
.37625
64
.50030
.48601.47229
.45911.44645
.43428
.42258
.41133
.40051
.39010
65.51377
.49963.48603
.47295
.46037.44827.43662
.42540
.41460.40420
66
.52750.51352.50007
.48711.47464.46262
.45103
.43987.42911.41872
67
.54144.52765.51436.50154
.48919.47727
.46578.45468
.44397.43363
68
.55554.54196.52885.51619.50398
.49218.48079.46978
.45915
.44887
69
.56976.55640.54349.53102.51896.50731
.49603
.48513.47458
.46438
70
.58407.57095.55826.54598.53410.52260.51147.50069.49025
.48013
2011–38 I.R.B.351September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
71
.59848.58561.57316.56109.54940.53808.52710.51646.50615
.49614
72.61294
.60035.58815.57632.56484.55371.54291.53243.52225.51237
73.62741
.61512
.60318
.59160.58035.56943.55882.54851.53849.52876
74.64183.62983.61818.60686
.59586.58516.57476.56464.55480.54523
75.65612
.64444.63309.62204.61129.60083
.59065.58074.57109.56169
76.67026
.65891
.64786.63710.62661.61640.60646
.59676.58731.57810
77.68423.67321.66248
.65201
.64181.63186
.62215
.61269
.60345.59444
78.69800.68733.67692.66676
.65684
.64717.63772.62849.61948.61068
79
.71156
.70124.69116.68132.67170.66230
.65312
.64414
.63537
.62680
80.72487.71490
.70516.69563
.68632.67721.66830
.65959.65106
.64272
81.73791.72830.71890.70970.70069.69188
.68325
.67481
.66654.65844
82
.75065
.74140
.73235
.72348.71479.70628.69794.68977.68176.67391
83.76308
.75419.74548.73695.72858
.72037.71232.70443.69669.68909
84
.77516
.76664
.75828.75008
.74203.73413.72638.71877.71130.70396
85
.78689.77873.77072
.76285.75512.74753
.74008
.73275.72556
.71849
86
.79825
.79044.78278
.77524
.76783
.76055.75340
.74636.73944.73264
87.80921.80176.79443.78722.78014.77316.76630
.75956.75292
.74638
88.81978.81268
.80569
.79880.79203
.78536
.77880.77234
.76598.75971
89.82994.82317
.81651.80995
.80349.79712
.79085
.78467
.77859.77259
90.83967.83324.82690
.82065.81450
.80843.80244
.79655
.79073
.78500
91.84898.84288
.83685
.83091
.82505
.81928
.81358.80795
.80241.79693
92
.85787.85208
.84636.84072
.83515
.82966.82423.81888.81360.80838
93.86632.86083
.85541.85006
.84477
.83955
.83440.82931.82428.81931
94
.87435.86915
.86402
.85894.85393
.84898.84409
.83925
.83447
.82975
95
.88197
.87705
.87219.86739
.86265.85795.85331
.84872.84419.83970
96
.88915.88451
.87991
.87537
.87088.86643.86203
.85768.85338
.84912
97
.89593.89154
.88720.88290
.87865
.87444.87028.86616.86208
.85804
98.90232.89818.89408.89002.88600.88202.87808.87418.87031.86649
99
.90835
.90444
.90057
.89674.89294.88918
.88546
.88177.87811.87449
100.91397.91028.90663.90301.89942
.89587
.89234
.88885.88539
.88196
101.91930
.91583
.91238.90897
.90558
.90223.89890
.89560
.89233.88908
102.92424.92096.91771.91448.91128.90811.90496.90184
.89875.89568
103.92914
.92605
.92300.91996
.91695
.91397.91100.90806
.90514.90225
104.93364.93074.92786
.92501
.92217
.91935.91656
.91379.91103.90830
105
.93809
.93537
.93266.92998.92731.92467.92204.91943.91683.91426
106
.94365.94115
.93867.93621.93376.93133.92892
.92651
.92413.92176
107.94994.94771
.94549
.94328.94108.93890.93673
.93457
.93242.93028
108.96010
.95830.95651.95472.95295.95118
.94942.94767
.94593
.94420
109
.97985
.97893.97801.97710.97619
.97529
.97438.97348
.97259
.97170
September 19, 20113522011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
0
.02534
.02370.02223.02093.01978.01874.01782.01699
.01625.01559
1.01989.01817.01664
.01528
.01406.01298.01202
.01115
.01037.00967
2.02061.01882.01722
.01580.01454
.01340.01239.01148.01066.00993
3
.02156
.01969.01802
.01654.01521
.01403.01297.01201
.01115
.01038
4.02264.02069.01896.01741.01602.01478.01367.01267.01176
.01095
5
.02383.02180.01999.01838.01693
.01563
.01446.01341.01246.01161
6
.02512
.02301.02113.01944.01793
.01657.01535
.01424
.01325.01235
7
.02650
.02430.02234
.02058
.01900
.01758
.01630
.01514
.01410
.01315
8.02798
.02570.02365
.02182.02017.01868.01734.01613
.01503
.01404
9
.02957
.02720
.02507
.02316.02143.01988.01848.01721.01606
.01502
10.03128.02881
.02659
.02460.02280.02118.01971.01838.01718.01608
11.03309
.03053
.02823
.02615
.02428
.02258.02105
.01966.01839
.01725
12
.03503
.03237.02997.02781
.02585
.02408.02248.02103.01971
.01850
13.03704.03428.03179
.02954.02750.02565
.02398.02246.02108.01982
14.03909.03623.03364.03130.02918.02726
.02551
.02392.02248.02116
15
.04117.03820
.03551
.03308.03087.02886.02704
.02538
.02387.02249
16.04324.04016.03737.03484
.03254
.03046
.02855
.02682
.02524
.02379
17
.04533
.04214.03924.03661.03422
.03205
.03007.02826.02661
.02509
18.04746
.04415
.04114.03841
.03592
.03366
.03159
.02970.02798.02639
19.04963.04620.04309
.04025
.03766
.03530.03315
.03117.02937.02772
20
.05191.04835.04512
.04217.03948.03702.03478.03272.03083.02910
21
.05427.05058
.04723.04416.04137.03881.03647.03432
.03235.03054
22
.05672.05291
.04943
.04625
.04334.04067.03823
.03599
.03394
.03205
23
.05930.05535.05174
.04844
.04542.04265
.04010.03777
.03562
.03364
24.06204
.05795.05421.05078
.04764.04476.04211.03967.03743
.03536
25
.06497.06074
.05687.05331.05005.04705
.04429.04174.03940.03724
26.06811.06373
.05972.05603.05264.04952.04665
.04400
.04155
.03929
27.07146.06694.06278
.05895.05543.05219
.04920.04644.04389
.04153
28
.07503
.07036
.06605
.06209
.05844.05507.05196
.04908.04642.04396
29.07881.07398
.06953.06542
.06163
.05814.05490.05191
.04913
.04656
30.08279.07780.07319.06894
.06502
.06138
.05802.05491.05202
.04933
31.08697.08182.07707.07267.06860.06483.06134
.05810.05509.05229
32.09137.08606
.08115
.07660.07239.06848
.06485
.06148
.05835.05543
33.09601
.09053.08546.08075
.07639.07234
.06858.06508
.06182
.05878
34.10084
.09520
.08996
.08511.08059
.07640.07249.06886
.06547
.06231
35.10590
.10009.09470.08968
.08501
.08067.07662
.07285
.06933
.06605
36.11120
.10522
.09966.09448.08966
.08517
.08098.07706.07341.06999
37.11674
.11059
.10486
.09952.09454
.08990
.08556.08150
.07771.07416
38
.12254
.11621.11032.10481.09968.09487.09039.08618
.08225.07856
39
.12857
.12208.11601
.11035.10505
.10009
.09545
.09110.08702.08320
40.13487.12820.12196.11613.11067
.10555
.10076.09626.09204.08807
41.14142
.13458
.12817.12217
.11655
.11127.10632.10167.09730.09319
42.14823.14122.13464.12848.12269
.11725
.11214.10734.10282
.09856
43
.15535
.14816.14141
.13508
.12913
.12353
.11826.11330.10863.10422
44.16274
.15538
.14847.14196
.13585
.13008.12466
.11954
.11472.11016
45
.17042.16290
.15581
.14914.14286.13694
.13135
.12608.12110.11640
2011–38 I.R.B.353September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
46.17842.17073.16348
.15664.15020
.14411.13836.13293.12780.12294
47.18672.17886
.17145.16445.15784.15159.14568
.14010.13481.12980
48
.19534
.18732.17974
.17258.16581.15940.15334.14759.14215
.13699
49.20429.19612.18838.18106.17413
.16757
.16134
.15544
.14984
.14453
50
.21362
.20529
.19740.18993.18284.17612.16974.16368
.15793.15247
51
.22332.21484.20680.19917.19194
.18506.17853
.17232.16642.16080
52
.23341.22479.21660.20883.20144.19442.18774.18138
.17533.16957
53
.24388
.23513
.22681.21889.21136.20419.19737.19087.18467.17876
54.25473.24585
.23739
.22935
.22168.21437.20741.20076.19442.18837
55.26593.25693.24835
.24017.23238.22494.21784
.21105.20458
.19838
56
.27742.26831
.25962.25132
.24340
.23583
.22860.22169
.21508.20875
57
.28922.28001.27121.26280
.25476
.24707.23971.23267
.22593
.21947
58
.30129.29199.28309
.27457
.26642
.25862.25114
.24398.23712
.23053
59
.31367.30428
.29529
.28667.27842
.27051
.26293
.25565
.24867.24197
60.32638.31691.30784.29914.29079.28278
.27509
.26771.26062
.25380
61.33940.32987.32073
.31195.30352.29542
.28763
.28015.27295
.26603
62
.35269
.34311.33391
.32506.31656
.30837
.30050
.29293
.28564
.27862
63
.36625.35663
.34738.33847.32990
.32165
.31370.30604.29867
.29155
64.38007.37043.36113
.35218.34356.33524
.32723
.31950
.31204.30484
65
.39417
.38451.37519
.36620
.35753
.34917.34110.33330
.32577.31850
66.40871
.39905
.38972.38071.37201.36361
.35550.34765
.34006.33273
67
.42365
.41400.40468
.39567
.38696
.37853
.37038
.36250.35487
.34749
68.43892.42931.42001.41101.40230.39387
.38570
.37780.37014.36272
69
.45450
.44493
.43567
.42670.41800
.40958
.40141
.39350.38582
.37837
70.47033.46083
.45162
.44269.43403
.42563
.41748
.40957
.40189.39443
71.48644.47702.46788
.45901.45040
.44203.43391.42602
.41835
.41090
72
.50278
.49347.48441
.47562
.46707
.45877.45069
.44284
.43520
.42776
73
.51930.51010.50115.49245
.48399
.47575
.46774
.45994.45234
.44494
74
.53591.52684.51802.50943.50106
.49291.48497.47724.46970
.46235
75.55253.54361.53492.52645.51820.51015.50230.49465
.48719.47991
76
.56912.56036.55182.54349.53536.52742.51968.51213.50475.49754
77
.58565.57706.56868.56050.55251.54471.53708.52964.52236.51525
78.60209
.59369.58549.57747.56963.56197.55448.54715.53999.53298
79.61841.61021.60219
.59435.58668.57917.57182.56463.55760.55071
80
.63456.62657.61875
.61109
.60359.59625.58906.58202.57512.56836
81
.65050
.64273
.63512
.62766.62034.61318.60616
.59927.59252.58590
82.66621
.65867.65127
.64401.63690.62992.62308.61636.60977.60330
83.68164.67433.66716.66012
.65321
.64642.63976.63322.62680
.62050
84.69676.68969
.68275.67593
.66923
.66265.65618
.64983
.64358.63745
85.71154
.70472.69801.69141.68493
.67856
.67229.66613.66007
.65412
86
.72595
.71937.71290
.70654
.70028.69412.68806.68210.67623.67046
87
.73995
.73362.72740.72127
.71523
.70929.70344.69768.69201.68642
88
.75354
.74746.74148
.73558
.72978.72406.71842.71287.70739.70200
89.76668
.76085.75511.74945
.74387.73837
.73295
.72761.72234.71714
90.77934.77377.76827.76284
.75749.75222
.74701.74188.73681.73181
91
.79153
.78620.78094
.77575
.77063
.76558.76059.75566.75080
.74600
92.80323.79814.79312.78816.78326.77843
.77365
.76894.76428
.75967
September 19, 20113542011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
93.81440
.80956
.80477.80004
.79536
.79074.78618.78166.77721.77280
94
.82508
.82047
.81591
.81140.80694
.80253
.79817.79387.78961
.78539
95.83526
.83088
.82654.82225
.81800.81380
.80965.80554
.80148.79746
96.84491.84074.83662
.83254.82850.82450.82055
.81663.81276.80892
97
.85405.85009
.84617.84230.83846.83466.83089.82717.82348.81982
98.86270
.85895.85523.85155
.84791.84430.84072.83718.83367.83019
99.87090
.86735
.86382.86033
.85687.85345.85005
.84668
.84335
.84004
100
.87856.87519.87185.86854.86526
.86201
.85878.85559.85242
.84927
101
.88587
.88268
.87952
.87638.87327.87019.86713.86409.86109
.85810
102.89263.88961.88662.88364.88069.87777.87487.87199.86913.86629
103.89938
.89653
.89370.89089.88810
.88534.88259
.87987.87717.87448
104
.90558
.90289.90021
.89756
.89492.89231.88971.88713
.88456
.88202
105
.91170.90916.90664.90413.90164.89917.89672.89428.89186
.88945
106.91940.91706.91474.91242.91013.90784
.90558
.90332.90108
.89885
107.92816
.92605.92395
.92186.91978.91772
.91567
.91362
.91159.90957
108.94247
.94075
.93904.93734
.93565
.93396.93229.93062
.92895
.92730
109.97081.96992.96904.96816.96729.96642
.96555
.96468.96382.96296
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
0.01498.01444
.01395.01351
.01310.01273.01240.01209.01181
.01155
1.00904.00847.00796.00749.00707.00668.00633.00601
.00572.00545
2.00926.00866.00812.00763.00718.00677.00640.00606
.00575.00547
3.00968
.00905
.00848.00796.00748
.00705
.00666.00630
.00597.00567
4.01021
.00955
.00894.00839.00789.00744.00702.00664.00629
.00597
5
.01083.01013.00949.00891.00839.00790.00746.00706.00669
.00635
6
.01153
.01080.01012
.00951.00895
.00844.00798
.00755.00715
.00679
7.01229
.01151
.01081.01016
.00957
.00903
.00854
.00808.00767.00728
8.01314.01232
.01157
.01089.01026.00969.00917.00869
.00825
.00784
9.01407.01321.01242.01170.01104.01044.00989.00938.00891.00848
10
.01509
.01418
.01335.01259
.01190.01126.01068.01014
.00965
.00919
11.01620
.01525
.01437
.01358.01285
.01218
.01156
.01099.01047.00998
12.01740.01640
.01549.01465
.01388.01317
.01252
.01192.01137.01086
13.01867.01762
.01665.01577
.01496.01422
.01353
.01290.01231.01177
14
.01995.01885
.01784.01691.01606
.01527.01455
.01389.01327.01270
15
.02123.02007.01901.01803.01714.01632
.01556.01485
.01420.01360
16.02247.02126
.02015
.01913.01818.01732
.01652.01578.01509
.01446
17.02371.02244.02127.02020.01921.01830.01746.01668
.01596.01529
18.02494.02361.02239.02126.02022.01926.01838
.01756
.01680.01610
19.02620.02480
.02352
.02234
.02125
.02024.01931.01844.01764.01690
20
.02751.02605
.02471.02346.02232.02126.02028.01937
.01853.01775
21.02888
.02735.02593
.02463.02343.02231.02128.02032.01944.01861
2011–38 I.R.B.355September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
22.03030.02870.02722
.02585.02458
.02341.02233.02132.02038
.01951
23.03181.03013
.02858
.02714
.02581.02458
.02344.02237.02139.02047
24
.03345
.03169.03006
.02855.02715.02586.02465.02353
.02249
.02152
25.03524
.03340.03169.03010.02863.02727.02600.02482.02373.02270
26.03720
.03527
.03348.03181.03027.02884
.02750
.02626
.02510
.02402
27.03934.03732
.03544
.03370.03208
.03057
.02916.02786.02664
.02549
28.04167
.03955.03759.03576
.03406.03247.03099.02962.02833.02713
29.04417.04196.03990.03798.03619
.03453
.03298
.03153
.03017.02890
30.04684
.04452
.04237.04036.03848.03674
.03510.03358.03215
.03081
31.04969.04727
.04501
.04291.04094.03911.03739
.03579
.03428.03287
32
.05272.05019
.04783
.04563.04357.04165
.03984.03816
.03657.03509
33
.05595.05331.05085.04854
.04639.04437.04248.04070.03904.03748
34
.05936.05661.05403.05162
.04936
.04725.04527
.04341.04166.04001
35
.06297.06010
.05741.05489.05253.05032
.04824.04629
.04445
.04272
36.06679.06380.06100
.05837.05590.05358.05140.04935
.04742
.04561
37.07083.06771.06479.06204
.05947.05704.05476.05261.05059
.04868
38
.07511
.07186.06881
.06595
.06326.06072
.05834.05609.05397.05196
39.07961.07623.07306.07007.06726.06462.06212
.05977.05754.05544
40.08434.08083
.07753
.07442.07149.06873.06612.06366.06133
.05913
41.08932
.08568.08225
.07901
.07596
.07308
.07035
.06778
.06534
.06304
42
.09455
.09077.08720.08384.08066.07766.07481.07213
.06958
.06717
43.10007
.09615.09245.08895.08564.08251.07955
.07674.07408
.07156
44
.10586
.10180.09796.09433.09089.08763
.08454
.08162.07884.07621
45.11195
.10774.10376.09999.09642.09303.08982.08677.08387.08112
46
.11835
.11400.10987
.10596.10225
.09873
.09539
.09222.08920.08633
47
.12505.12055
.11629.11224.10839.10474.10126.09796.09482.09182
48.13209
.12745
.12303.11884
.11485
.11106.10746.10402
.10075
.09764
49.13948.13469.13013
.12579
.12167.11774.11400.11043.10703.10379
50
.14727.14233.13762.13314.12887.12481.12093.11723.11370.11033
51.15546.15037.14551
.14089.13648.13228.12826.12443.12077.11726
52
.16407
.15884.15384
.14907
.14452
.14018.13603.13206.12826.12463
53
.17312.16774.16260
.15769.15300.14852
.14423.14012.13620.13243
54.18259
.17707.17179.16674.16191
.15729.15286
.14862
.14456
.14067
55
.19247.18680.18139.17620.17123.16648.16192
.15755.15335
.14933
56
.20270.19690
.19135
.18602.18092.17603.17134.16684
.16251.15836
57
.21329.20736.20167.19622.19099
.18596
.18114
.17650.17205
.16777
58
.22422.21816
.21235
.20677.20140
.19625
.19130
.18653.18195.17754
59.23553.22935
.22341.21770.21221.20693
.20185
.19696
.19225
.18772
60
.24725.24095
.23489.22906
.22345.21805.21285
.20783.20300.19834
61
.25937.25296
.24679.24084
.23511.22959
.22427.21914.21419.20941
62
.27185.26534.25906.25300
.24716
.24153
.23609.23084
.22577
.22088
63.28469.27808.27169
.26553.25959.25384
.24830.24294.23776
.23275
64.29789.29119.28471
.27845
.27240
.26656
.26091
.25544.25016.24504
65
.31148.30468.29812.29177
.28563
.27969.27394.26837.26299
.25777
66
.32564
.31877.31213
.30570
.29948
.29345
.28761
.28195
.27647
.27115
67.34034.33341.32671.32021.31391.30780.30188.29614
.29057.28517
68
.35552.34855
.34179
.33523
.32887.32270.31671.31089
.30524
.29976
September 19, 20113562011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
69
.37115
.36414
.35734.35073
.34432.33809.33204.32616
.32045
.31489
70.38719.38016.37332.36668.36023
.35396
.34786.34193.33616
.33054
71.40366.39662.38977.38311.37663.37032.36419
.35821.35240
.34674
72
.42053.41350.40665
.39998.39349.38716.38100
.37500
.36916.36346
73.43774.43073.42389.41723.41074.40441.39824.39222.38636.38063
74
.45519
.44821.44140.43476.42829.42197
.41580
.40979.40391.39818
75
.47280
.46587.45910.45250.44605.43975
.43360
.42759
.42173
.41599
76
.49051
.48364.47693.47037.46396
.45770.45158.44560.43975
.43403
77
.50830.50150
.49486.48836.48201
.47580
.46972.46377
.45795.45225
78
.52613.51942.51286.50644.50015
.49400.48797.48208.47630.47064
79
.54396.53736.53089.52456.51835.51227.50632.50048
.49476
.48915
80
.56174.55525.54888.54265.53653.53054.52466.51890.51325.50770
81
.57941.57305.56681.56068.55467.54878.54299.53731.53174.52627
82
.59696.59073.58461.57861.57272.56693.56125.55566.55018.54480
83.61430.60822.60224
.59637.59061.58494.57937.57389.56851.56322
84.63142
.62549
.61966.61393.60830.60276
.59731.59196.58669.58150
85.64825
.64249.63682.63124
.62575.62035.61503
.60980
.60465.59958
86.66477
.65918.65367.64825
.64291
.63765
.63248.62738.62236.61741
87.68092
.67550
.67016.66490
.65972.65462.64959
.64463
.63975
.63493
88.69669
.69145
.68628.68119.67618.67123
.66635.66154.65680.65212
89.71201.70696.70198.69706.69221.68742.68270
.67805.67345
.66892
90.72688.72201.71721.71246.70779.70317.69861.69411.68966
.68528
91.74126
.73658
.73196.72739.72289.71844.71404.70970
.70541
.70117
92
.75513.75063
.74620.74181.73748.73320.72897.72479.72066
.71657
93.76844.76414
.75988.75568.75152
.74741.74334.73932
.73535
.73142
94.78123.77711.77303.76901
.76502
.76108
.75718.75332.74951.74573
95
.79348
.78954.78565
.78179.77798.77421.77047.76677.76312
.75950
96
.80513
.80137
.79765
.79397.79032.78671.78314.77960.77610.77263
97.81621.81262.80908
.80556
.80208.79864
.79522
.79184.78849
.78517
98.82674.82333
.81995
.81660.81328.80999.80673
.80351
.80031.79713
99.83677
.83352
.83030.82711
.82395
.82082.81771.81463
.81158.80855
100.84616.84307.84001.83697.83396.83097.82801
.82507
.82216.81927
101
.85514.85221
.84930.84641
.84355
.84070.83788
.83509
.83231
.82956
102.86348.86069
.85792.85517.85245
.84974.84706.84439
.84175
.83912
103.87182.86918
.86655.86395
.86136
.85880.85625.85372.85121
.84872
104
.87950
.87699
.87450
.87203
.86957
.86713.86471.86231
.85992.85755
105
.88706.88468.88232.87998
.87765.87534
.87304.87076.86849.86624
106.89664.89444
.89225
.89008.88792
.88577
.88364
.88152
.87941.87731
107
.90756.90557.90358
.90160.89964.89768
.89574
.89380.89188.88997
108
.92565
.92401.92238
.92075
.91914
.91753.91592
.91433.91274.91116
109.96211
.96125
.96041
.95956.95872.95788.95704.95620.95537.95455
2011–38 I.R.B.357September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
0.01132.01110.01089.01071
.01053
.01037.01022.01008
.00995
.00983
1
.00520
.00497.00476
.00457
.00439.00423.00407.00393.00379.00367
2
.00521
.00496.00474
.00454.00435
.00417.00401
.00385
.00371
.00358
3
.00539.00513
.00490.00468.00447.00429.00411
.00395
.00380.00366
4
.00567.00540.00515
.00492.00470
.00450
.00432.00414.00398.00383
5
.00603
.00574.00547.00523.00500
.00478
.00459
.00440.00423.00407
6.00646
.00615.00587.00560.00536.00513
.00492.00472
.00453
.00436
7.00693.00660.00630.00602
.00576.00551.00529.00508
.00488.00469
8.00747.00712.00680
.00650
.00622
.00596.00572.00549.00528.00509
9.00808.00771.00737
.00705.00675
.00648.00622
.00598.00576.00555
10.00877.00838.00801.00767.00736.00707.00679
.00654
.00630.00608
11
.00954
.00912.00873.00838.00804.00773.00744.00717.00692.00668
12.01038.00994
.00953.00915
.00880.00847.00816.00788.00761
.00735
13.01127.01081.01038.00998.00960
.00925
.00893.00862.00833.00806
14.01217.01168.01122.01080.01040.01003.00969.00937.00906.00878
15.01305.01253.01205
.01160.01118.01079.01042.01008.00976.00946
16.01387.01333.01282.01234.01190.01149.01110.01074.01040.01009
17.01467.01409
.01356
.01306
.01259
.01216
.01175
.01137.01101.01067
18
.01544
.01484.01427.01374
.01325
.01279.01236
.01195.01157
.01122
19.01621
.01557
.01497.01442.01390.01341
.01295.01253
.01213
.01175
20.01702.01634
.01571.01512.01457
.01406
.01357
.01312.01270.01230
21.01784.01713.01646
.01584.01526
.01471.01420.01372.01327
.01285
22.01870.01794.01724
.01658.01596.01539.01485
.01434.01386.01342
23.01961.01881.01807.01737.01672.01611
.01554.01500
.01449.01402
24.02062.01977.01899
.01825.01756
.01691.01630
.01573.01520
.01469
25.02175.02085
.02002.01924
.01851
.01782.01718
.01657
.01600
.01547
26.02301.02207.02119.02036
.01958
.01886.01817
.01753
.01692
.01635
27.02443.02343
.02250
.02162.02080.02003.01930.01862.01798.01737
28.02600
.02495
.02396.02303.02216.02134
.02057.01985
.01916
.01852
29.02771.02660
.02555.02457.02365
.02278.02197.02120.02047.01979
30
.02956
.02838.02728.02624
.02526
.02434.02348.02266.02189.02116
31
.03155
.03031.02914.02804.02701.02604
.02512.02425
.02344.02266
32.03370.03239
.03115
.02999.02890.02787.02690
.02598.02511
.02429
33.03601.03463.03333.03210
.03095.02985
.02883
.02785
.02693.02606
34.03847.03701
.03564
.03434.03312.03197.03088
.02985
.02887
.02795
35
.04109
.03956
.03811
.03675.03546
.03424.03308.03199.03096.02998
36.04390.04228.04076.03932
.03795
.03667
.03545
.03429.03320.03216
37.04688
.04518.04358
.04206.04062.03926.03798.03676
.03560.03450
38
.05007
.04829.04660
.04500
.04349
.04205
.04069.03940.03818.03701
39
.05346.05158
.04981.04812
.04653.04502.04358
.04222.04092.03969
40
.05705.05508.05321.05144
.04976.04817.04666
.04522.04385.04255
41.06086
.05879.05683.05497.05320.05152
.04993.04841.04697
.04559
42.06488.06271.06066
.05870.05684.05508.05340.05180.05028
.04882
43.06917.06690.06474.06269.06074
.05888.05711.05543.05382.05229
44.07370.07132.06906.06691.06486.06291
.06105.05928.05759.05598
45.07850
.07602
.07365
.07139.06924.06719
.06524
.06338.06160
.05990
September 19, 20113582011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
46.08360.08100
.07852
.07616.07390.07176.06970
.06775.06587
.06409
47.08897.08626.08367.08120.07884
.07659
.07443.07238.07041
.06853
48.09466.09183.08912
.08654
.08407.08172.07946.07730
.07524
.07326
49.10069.09774.09492.09222.08964.08717.08481
.08255
.08038.07831
50
.10711.10403.10109.09827
.09558
.09300
.09053
.08816
.08589
.08371
51
.11392.11072
.10765
.10472.10191.09921.09663
.09415
.09178
.08950
52
.12116.11783.11464
.11159
.10866
.10585.10315.10057
.09808
.09569
53
.12883
.12538
.12206.11889
.11584
.11291.11010.10740.10481.10231
54
.13694.13336.12992.12662
.12345
.12041.11748.11467.11196.10936
55.14547
.14176.13820.13478.13149.12832
.12528.12235.11953
.11682
56.15437.15054.14685
.14330.13989.13661
.13345
.13040.12747.12464
57.16365.15969.15588.15221
.14868
.14527
.14199.13883
.13578
.13284
58
.17330.16921
.16528
.16149
.15783.15431.15091
.14763.14447.14141
59.18335
.17914
.17508
.17117.16739
.16375
.16023
.15684.15356.15039
60
.19385.18952.18534
.18131.17741
.17365
.17001
.16650
.16311
.15982
61.20480
.20035.19605
.19189.18788.18400
.18025
.17662.17311.16971
62
.21615.21158
.20717.20290.19877.19477.19090.18716
.18354
.18003
63.22791.22323.21870.21431.21007
.20596
.20198.19812.19439.19077
64.24009
.23530
.23066.22616.22181
.21758
.21349
.20953.20568.20195
65.25271
.24781.24306.23846.23400.22967
.22547
.22139.21744.21360
66.26600.26100
.25615.25145
.24688
.24245
.23814.23396.22990
.22596
67.27992.27483.26989
.26509
.26043
.25590.25150
.24722.24306.23901
68.29443.28926.28423.27934
.27459
.26997
.26548
.26110
.25685.25271
69
.30950
.30424.29914.29417.28934.28463
.28005.27559.27125
.26703
70
.32508
.31976
.31459.30955
.30464.29986
.29520
.29067
.28625
.28194
71.34122
.33585
.33062
.32552.32054.31570
.31097.30637.30187.29749
72
.35790.35249
.34721
.34205
.33703.33213.32734.32268.31812.31367
73
.37505
.36960.36428
.35909.35403
.34908
.34425.33953
.33492.33042
74
.39258
.38711.38177
.37655.37145
.36647.36160
.35684.35219
.34764
75
.41039.40491
.39956
.39432.38921.38420.37931
.37452
.36983
.36525
76.42843.42296.41760.41236.40724.40222.39731
.39250
.38779.38318
77.44668.44122
.43588.43065.42552.42050.41559
.41077
.40605
.40143
78
.46510.45967.45435
.44914.44403.43902.43411.42930
.42458.41995
79
.48365
.47826.47298.46780.46271
.45773.45284
.44804.44333.43871
80
.50226
.49693.49169
.48655.48150.47655
.47169.46692.46224
.45763
81
.52090.51562.51044.50536.50036.49546
.49064
.48590.48125
.47668
82
.53951.53431.52920.52418.51924.51439.50963.50494.50033.49580
83
.55802.55291.54788.54294.53808.53329.52859.52396.51941.51493
84
.57640.57139.56645.56159.55681.55210.54747.54291.53843.53401
85.59459.58968.58484.58008.57539.57077.56623.56175.55733.55298
86
.61254
.60774.60302
.59836.59377.58925.58479.58040.57607.57180
87.63019
.62551
.62090
.61635
.61187
.60745
.60309
.59880.59456.59038
88
.64751
.64296.63847
.63405
.62968
.62537
.62112.61693.61279.60871
89.66444.66003
.65567.65137
.64712.64293.63880.63471.63068.62670
90.68094.67667.67244.66827
.66415
.66009
.65607.65210
.64818.64431
91.69699
.69285
.68877.68473.68074.67680.67291.66906
.66526.66150
92
.71254.70855
.70460.70071
.69685
.69304.68928
.68555
.68187.67823
2011–38 I.R.B.359September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
93
.72753
.72369.71989.71613.71242.70874
.70510.70150
.69794.69442
94.74200.73830.73464.73103
.72745
.72390.72040.71693
.71350
.71010
95.75591.75236.74885.74538
.74194
.73853.73516
.73182
.72851.72524
96.76920
.76580
.76243
.75909.75579.75252
.74928.74607.74289.73974
97.78188.77863
.77540
.77220.76904
.76590
.76279
.75971.75665.75363
98.79399.79088.78779.78473.78170.77869
.77571
.77276.76983.76693
99
.80555.80257
.79962.79670.79380.79092.78807
.78525
.78244.77966
100.81641
.81357.81075
.80796
.80518
.80243.79971.79700.79432
.79165
101.82683.82412.82144.81877.81612
.81350
.81089.80831
.80574
.80320
102
.83652
.83394.83137.82882.82630.82379.82130.81883.81637.81394
103.84624.84379
.84135
.83892
.83652
.83413.83176.82941.82707
.82475
104
.85519.85285.85053
.84822
.84593.84365
.84139
.83915
.83692.83470
105
.86400.86178
.85957.85737.85519.85302.85087
.84873.84660.84449
106
.87523
.87316.87110
.86905
.86702
.86500
.86299.86099
.85900.85703
107.88806.88617.88429.88242
.88055
.87870.87686
.87502
.87320.87139
108
.90958
.90802.90646.90490.90336.90182.90028.89876.89724
.89573
109
.95372.95290.95208.95126.95045
.94964.94883.94803.94723.94643
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
0.00972.00961
.00951
.00941.00932.00924.00916.00908.00901.00894
1
.00355.00345
.00334
.00325
.00316.00307.00299.00292
.00285
.00278
2.00346.00334.00323.00313.00303.00294.00286.00278.00270.00263
3
.00353
.00340.00329.00318.00307.00298.00289.00280.00272.00264
4.00369
.00356
.00343.00332.00321.00310.00300.00291.00283.00274
5
.00392.00377.00364
.00352
.00340.00329.00318.00308.00299.00290
6.00420
.00405
.00391.00377
.00365.00353
.00342.00331.00321.00311
7
.00452
.00436.00421.00406.00393.00380.00368
.00357
.00346.00336
8.00490.00473
.00457
.00441.00427.00413.00400.00388.00376
.00365
9
.00535.00517
.00499.00483.00467
.00453
.00439.00426.00413.00402
10
.00587.00567.00548.00531.00514
.00499.00484.00470
.00456
.00444
11
.00645
.00624
.00605.00586.00568.00551.00536.00521.00506
.00493
12.00711.00689.00668.00648.00629.00611
.00595.00579.00563.00549
13.00781
.00757.00735
.00714.00694
.00675.00657
.00640.00624.00609
14
.00851
.00826.00802.00780
.00759
.00739.00720.00702.00684.00668
15
.00918.00891.00866.00842.00820.00799.00779
.00759
.00741.00724
16.00979
.00950
.00924.00899
.00875.00853
.00832.00811.00792.00774
17
.01035
.01006.00978
.00951
.00926.00902.00880
.00859
.00838.00819
18.01088
.01057
.01027.00999.00973.00948.00924.00901.00880.00860
19.01139.01106
.01075.01045
.01017.00990
.00965
.00942.00919.00898
20.01192
.01157
.01124.01092.01063
.01035
.01008.00983
.00959
.00936
21
.01245
.01208.01173.01139.01108.01078
.01050
.01023.00998.00974
September 19, 20113602011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
22.01300.01260.01222.01187
.01154
.01122.01092.01064.01037.01011
23
.01357.01315.01275
.01238.01202.01168.01137.01106.01078
.01051
24.01422.01377.01334.01294
.01257
.01221.01187
.01155
.01124
.01095
25
.01496.01448.01403.01361.01320.01282.01246.01212.01180.01149
26
.01582.01531
.01483.01438
.01395.01354
.01316.01279.01244.01211
27.01680.01626
.01575.01527
.01481.01437.01396
.01357
.01320
.01285
28.01791.01734.01679.01628
.01579.01533
.01489.01447.01408.01370
29.01914
.01853.01795
.01740.01688.01639
.01592.01548.01505.01465
30.02048.01982.01921.01862.01807
.01754
.01704
.01657
.01612
.01569
31.02193.02124
.02058
.01996.01937.01881.01828.01777.01729.01683
32
.02351
.02278.02208.02142.02079.02019.01962.01908
.01857
.01808
33
.02523.02445
.02371.02300.02234.02170.02109
.02052
.01997.01944
34.02707.02624
.02545
.02470.02399.02331.02267
.02205
.02146.02091
35.02905
.02817.02733
.02653.02577.02505
.02436.02371.02308.02249
36.03117.03024
.02935.02850
.02769.02693.02619
.02550
.02483.02419
37
.03345
.03246
.03151
.03061.02976.02894.02816.02742.02671.02603
38
.03590.03485.03385
.03289.03198.03112.03029
.02950
.02874.02802
39
.03852
.03740.03634
.03533
.03436.03344
.03256
.03172.03092
.03015
40.04131.04013.03900.03793.03690
.03593
.03499.03410.03324.03242
41.04428.04303.04184.04070.03962
.03858.03759
.03664
.03573
.03486
42.04744.04612.04486.04366
.04250
.04140
.04035
.03934.03838
.03745
43
.05083
.04943.04810.04683
.04561
.04444.04333.04226.04123
.04025
44
.05443.05296.05155.05021
.04892.04768
.04650.04537
.04428.04324
45.05827.05672.05523.05381.05245.05114
.04989.04869
.04754
.04643
46.06237.06074
.05917.05767.05623.05485.05352.05225.05103
.04986
47.06673
.06500.06335
.06177
.06025.05879.05739.05605.05475.05351
48.07137
.06955
.06781.06614
.06454
.06300
.06152
.06010
.05874.05742
49.07632.07441
.07258
.07082.06913
.06750.06595
.06444.06300.06161
50
.08162.07962.07769
.07584
.07407.07236.07071.06913.06760.06614
51
.08731
.08520
.08318.08124.07937
.07757.07583
.07416
.07256
.07101
52
.09340.09119.08907.08703
.08507
.08317
.08135.07959
.07790.07627
53
.09991.09760
.09538
.09324.09118.08919.08728
.08543.08365
.08193
54.10685
.10443.10211.09987.09771
.09562
.09361.09167.08980.08799
55
.11420.11168
.10925
.10690.10464.10246
.10035
.09832
.09635.09445
56
.12191.11928
.11675
.11430.11193
.10965.10745.10531.10325
.10126
57
.13001.12727.12462.12207.11960.11721.11491.11268
.11052
.10843
58
.13846
.13561
.13286.13020.12762
.12513
.12273.12040.11814
.11595
59
.14732.14436
.14150
.13873
.13605
.13346
.13095.12851
.12616.12388
60
.15665.15358.15060
.14772.14494.14224.13962.13709.13463
.13225
61.16642.16324.16016
.15717.15428.15147.14875
.14611
.14355
.14107
62.17663.17333.17014.16704.16404.16113
.15830.15556.15290.15031
63.18726
.18385.18055
.17734.17423.17121.16828
.16544
.16267
.15999
64.19833.19481.19140.18809.18487
.18175
.17871
.17576
.17289.17010
65
.20987.20624.20273.19931
.19598.19275
.18961
.18656.18358
.18069
66.22213.21840.21478
.21125
.20783.20449
.20125
.19809
.19501
.19202
67
.23508.23125.22753
.22390.22037.21694.21360.21034.20716.20407
68.24868.24476.24094.23722
.23359
.23006.22662.22327.22000.21681
2011–38 I.R.B.361September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
69.26291
.25889.25498.25117.24745
.24383.24030
.23685
.23349.23020
70.27773.27364.26964
.26574
.26194
.25823.25461.25107
.24762
.24425
71.29321.28904.28496.28099.27710.27331.26961
.26599
.26246
.25900
72.30933
.30508
.30094.29689.29294.28907
.28530
.28160.27799.27446
73.32602.32171
.31751
.31340.30938
.30545
.30160.29784.29416
.29056
74.34319.33884
.33458
.33042.32634.32236
.31845
.31463.31089.30723
75
.36076
.35637.35207
.34786.34374.33970
.33575
.33188.32808.32437
76.37867
.37425
.36991
.36567.36151.35744.35344.34953.34569
.34192
77.39690
.39245
.38810.38383.37964
.37554.37151.36756
.36369
.35989
78
.41541
.41096
.40659
.40231.39811.39398.38993
.38596
.38206.37823
79.43418.42973
.42536
.42107.41686.41272.40866.40467
.40075
.39691
80
.45311
.44868.44432.44003
.43582
.43169.42763.42363.41971
.41585
81.47219.46777.46343
.45916.45497.45084
.44679.44280.43888
.43502
82
.49135
.48696
.48265
.47841.47424.47014.46610.46213
.45822.45437
83
.51052.50618.50191
.49771
.49357.48950.48549.48154
.47766.47383
84
.52966.52537.52115.51700.51291.50887.50490.50099
.49714.49334
85.54870.54448.54032.53622.53218.52820.52428.52041.51660.51284
86
.56759.56344.55935.55532.55135.54742.54356.53974.53598.53227
87
.58626.58219.57818.57422.57031.56646.56266.55891.55521.55155
88.60468.60070
.59677.59290.58907.58529.58157.57788.57425.57066
89.62277.61888
.61505
.61126
.60753
.60383.60018
.59658.59302.58950
90.64048.63670.63296.62927
.62563
.62202.61846.61494.61146.60803
91
.65778.65411.65048
.64689.64334.63983.63636.63293
.62954
.62619
92.67462.67106
.66754
.66406.66061
.65720.65383.65050
.64720.64393
93.69094.68749.68408.68071.67737.67406.67079
.66756.66435
.66118
94.70673.70340.70011
.69685
.69362.69042
.68725
.68412.68102.67794
95
.72199.71878
.71560
.71246.70934
.70625
.70319.70016.69716.69419
96.73662
.73353
.73047.72743.72443
.72145.71850.71557
.71268.70981
97
.75063
.74766.74471.74180.73890.73604.73319.73038
.72758
.72482
98
.76405
.76120
.75837.75557.75279.75003
.74730
.74459
.74190.73923
99.77690.77417.77146.76877.76610
.76345
.76083
.75822.75564.75308
100.78901.78639.78379.78121.77866.77612.77360.77110.76862.76616
101.80067.79816
.79568
.79321.79076.78832
.78591.78351
.78114.77877
102
.81152
.80912.80674.80438.80203.79970.79738
.79508
.79280
.79054
103
.82245
.82016.81789
.81563
.81339.81116
.80895
.80676
.80458
.80241
104
.83250
.83031.82814
.82599
.82384.82171.81960
.81750.81541
.81334
105
.84239.84030.83823.83617.83412.83209.83006.82806.82606.82407
106
.85507.85311.85117
.84924.84733
.84542.84352
.84164.83976.83790
107
.86958
.86779.86600.86422.86246.86070
.85895.85721.85548.85376
108.89422.89272.89123.88974.88826.88679
.88533
.88386.88241.88096
109
.94563
.94484
.94405
.94326.94248.94170.94092.94014.93937.93860
(f)Effective/applicability date.This
section applies on and after May 1, 2009.
§1.642(c)–6T [Removed]
Par. 5. Section 1.642(c)–6T is re-
moved.
Par. 6. Section 1.664–2 is amended by
revising paragraphs (c) and (e) as follows:
September 19, 20113622011–38 I.R.B.

§1.664–2 Charitable remainder annuity
trust.
*****
(c)Calculation of the fair market value
of the remainder interest of a charitable
remainder annuity trust. For purposes of
sections 170, 2055, 2106, and 2522, the
fair market value of the remainder inter-
est of a charitable remainder annuity trust
(as described in this section) is the net
fair market value (as of the appropriate
valuation date) of the property placed in
trust less the present value of the annu-
ity. For purposes of this section, valua-
tion date means, in general, the date on
which the property is transferred to the
trust by the donor regardless of when the
trust is created. In the case of transfers
to a charitable remainder annuity trust for
which the valuation date is after April 30,
1989, if an election is made under sec-
tion 7520 and §1.7520–2(b) to compute the
present value of the charitable interest by
use of the interest rate component for ei-
ther of the 2 months preceding the month
in which the transfer is made, the month so
elected is the valuation date for purposes
of determining the interest rate and mor-
tality tables. For purposes of section 2055
or 2106, the valuation date is the date of
death unless the alternate valuation date
is elected in accordance with section 2032
in which event, and within the limitations
set forth in section 2032 and the regula-
tions under that section, the valuation date
is the alternate valuation date. If the dece-
dent’s estate elects the alternate valuation
date under section 2032 and also elects,
under section 7520 and §1.7520–2(b), to
use the interest rate component for one of
the 2 months preceding the alternate val-
uation date, the month so elected is the
valuation date for purposes of determin-
ing the interest rate and mortality tables.
The present value of an annuity is com-
puted under §20.2031–7(d) of this chap-
ter for transfers for which the valuation
date is on or after May 1, 2009, or under
§20.2031–7A(a) through (f), whichever is
applicable, for transfers for which the val-
uation date is before May 1, 2009. See,
however, §1.7520–3(b) (relating to excep-
tions to the use of prescribed tables under
certain circumstances).
*****
(e)Effective/applicability date. Para-
graph (c) applies after April 30, 1989.
Par. 7. Section 1.664–4 is amended by:
1. Revising paragraphs (a)(1) and (d).
2. Revising the heading for paragraph
(e) and revising paragraphs (e)(1), (e)(2),
(e)(5), (e)(7) and (f).
The revisions read as follows:
§1.664–4 Calculation of the fair market
value of the remainder interest in a
charitable remainder unitrust.
(a) * * *
(1) Life contingencies determined as
to each life involved,from the values of
lxset forth in Table 2000CM contained
in §20.2031–7(d)(7) of this chapter in the
case of transfers for which the valuation
date is on or after May 1, 2009; or from Ta-
ble 90CM contained in §20.2031–7A(f)(4)
in the case of transfers for which the valu-
ation date is after April 30, 1999, and be-
fore May 1, 2009. See §20.2031–7A(a)
through (e), whichever is applicable, for
transfers for which the valuation date is be-
fore May 1, 1999;
*****
V
aluationDates
AfterBefore
Applicable
R
egulations
-
01–01–52
1.664–4A(a)
12–31–51
01–01–711.664–4A(b)
12–31–7012–01–831.664–4A(c)
11–30–83
05–01–89
1.664–4A(d)
04–30–89
05–01–99
1.664–4A(e)
04–30–99
05–01–09
1.664–4A(f)
(e)Valuation of charitable remainder
unitrusts having certain payout sequences
for transfers for which the valuation date
is on or after May 1, 2009—(1)In general.
Except as otherwise provided in paragraph
(e)(2) of this section, in the case of trans-
fers for which the valuation date is on or
after May 1, 2009, the present value of a re-
mainder interest is determined under para-
graphs (e)(3) through (e)(7) of this section,
provided that the amount of the payout as
of any payout date during any taxable year
of the trust is not larger than the amount
that the trust could distribute on such date
under §1.664–3(a)(1)(v) if the taxable year
of the trust were to end on such date. See,
however, §1.7520–3(b) (relating to excep-
tions to the use of the prescribed tables un-
der certain circumstances).
(2)Transitional rules for valuation of
charitable remainder unitrusts.(i)For
purposes of sections 2055, 2106, or 2624,
if on May 1, 2009, the decedent was men-
tally incompetent so that the disposition
of the property could not be changed, and
the decedent died on or after May 1, 2009,
without having regained competency to
dispose of the decedent’s property, or the
decedent died within 90 days of the date
that the decedent first regained compe-
tency on or after May 1, 2009, the present
value of a remainder interest under this
section is determined as if the valuation
date with respect to the decedent’s gross
estate is either before or after May 1, 2009,
at the option of the decedent’s executor.
(ii) For purposes of sections 170, 2055,
2106, 2522, or 2624, in the case of trans-
fers to a charitable remainder unitrust for
which the valuation date is on or after
May 1, 2009, and before July 1, 2009,
the present value of a remainder interest
based on one or more measuring lives
is determined under this section by use
of the section 7520 interest rate for the
month in which the valuation date occurs
(see §§1.7520–1(b) and 1.7520–2(a)(2))
and the appropriate actuarial tables un-
der either paragraph (e)(7) of this section
or §1.664–4A(f)(6), at the option of the
donor or the decedent’s executor, as the
case may be.
2011–38 I.R.B.363September 19, 2011

(iii) For purposes of paragraphs
(e)(2)(i) and (e)(2)(ii) of this section,
where the donor or decedent’s executor is
given the option to use the appropriate ac-
tuarial tables under either paragraph (e)(7)
of this section or §1.664–4A(f)(6), the
donor or decedent’s executor must use the
same actuarial table with respect to each
individual transaction and with respect to
all transfers occurring on the valuation
date (for example, gift and income tax
charitable deductions with respect to the
same transfer must be determined based
on the same tables, and all assets includi-
ble in the gross estate and/or estate tax
deductions claimed must be valued based
onthesametables).
*****
(5)Period is the life of one indi-
vidual. (i) If the period described in
§1.664–3(a)(5) is the life of one individ-
ual, the factor that is used in determining
the present value of the remainder interest
for transfers for which the valuation date
is on or after May 1, 2009, is the factor
in Table U(1) in paragraph (e)(7) of this
section under the appropriate adjusted
payout. For purposes of the computations
described in this paragraph (e)(5), the age
of an individual is the age of that indi-
vidual at the individual’s nearest birthday.
If the adjusted payout rate is an amount
that is between adjusted payout rates for
which factors are provided in the appro-
priate table, a linear interpolation must be
made. The present value of the remainder
interest is determined by multiplying the
net fair market value (as of the valuation
date as determined in paragraph (e)(4) of
this section) of the property placed in trust
by the factor determined under this para-
graph (e)(5). If the adjusted payout rate
is between 4.2 and 14 percent, see para-
graph (e)(7) of this section. If the adjusted
payout rate is below 4.2 percent or greater
than 14 percent, see paragraph (b) of this
section.
(ii) The application of paragraph
(e)(5)(i) of this section may be illustrated
by the following example:
Example. A, who is 44 years and 11 months old,
transfers $100,000 to a charitable remainder unitrust
on January 1st. The trust instrument requires that
the trust pay to A semiannually (on June 30 and De-
cember 31) 8 percent of the fair market value of the
trust assets as of January 1st during A’s life. The sec-
tion 7520 rate for January is 6.6 percent. Under Ta-
ble F(6.6) in paragraph (e)(6) of this section, the ap-
propriate adjustment factor is .953317 for semiannual
payments payable at the end of the semiannual period.
The adjusted payout rate is 7.627% (8% X .953317).
Based on the remainder factors in Table U(1) in this
section, the present value of the remainder interest is
$11,075.00, computed as follows:
Factor at
7.6percentatage45..........................
.11141
Factorat7.8percentatage45.......................... .
10653
Differe
nce .........................................
.00488
Interpolation adjustment:
7
.627%-7.6%
0.2%
=x
.00488
x = .000
66
Factorat7.6percentatage45..........................
.11141
Less:
Interpolationadjustment .........................
.
0006
6
InterpolatedFactor ..................................
.110
75
Pres
ent value of remainder interest:
($1
00,000X.11075)...........................
$11
,075.00
*****
(7)Actuarial Table U(1) for transfers
for which the valuation date is on or af-
ter May 1, 2009. For transfers for which
the valuation date is on or after May 1,
2009, the present value of a charitable
remainder unitrust interest that is depen-
dent on the termination of a life interest
is determined by using the section 7520
rate, Table U(1) in this paragraph (e)(7)
and Table F(4.2) through (14.0) in para-
graph (e)(6) of this section. See, however,
§1.7520–3(b) (relating to exceptions to
the use of prescribed tables under certain
circumstances). Manyactuarial factors
not contained in the following tables are
contained in Internal Revenue Service
Publication 1458, “Actuarial Valuations
Version 3B” (2009). This publication is
available, at no charge, electronically via
the IRS Internet site atwww.irs.gov.
T
able U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
0
.05527.04953.04455
.04023.03648.03321.03037.02789
.02573
.02383
1
.05095.04501
.03986
.03538
.03148.02809
.02513.02255
.02029.01831
2
.05269.04659
.04128.03666.03264.02913.02606.02338.02103.01896
3
.05468
.04841
.04295
.03818.03403.03040.02722.02443.02199.01984
September 19, 20113642011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
4
.05684.05039
.04477.03986
.03557
.03181
.02852.02563
.02309
.02085
5.05912.05251
.04672.04166.03723
.03335
.02993.02694.02429.02197
6
.06154.05475
.04880
.04359
.03901
.03500
.03146
.02835.02561
.02319
7.06407
.05709.05097.04561
.04089.03673.03308
.02985
.02700.02448
8.06672
.05956.05328.04775
.04288
.03859
.03481.03146
.02850.02588
9
.06951
.06217
.05571.05002.04500.04057.03665
.03319.03012.02739
10.07244.06491
.05827.05241
.04724.04266.03861
.03503
.03184.02901
11
.07550
.06778.06096
.05494
.04961.04489.04070.03698.03368.03074
12.07869.07078.06378
.05759.05210
.04723.04290.03906
.03563.03258
13.08199.07389.06670.06034
.05468
.04966
.04519
.04121.03767
.03450
14
.08536
.07706.06969
.06315.05733.05215.04754
.04342
.03975
.03646
15
.08877.08027.07271
.06599
.06000
.05467
.04990
.04565
.04184.03844
16.09221
.08351.07576.06885
.06269
.05719.05228
.04788.04394.04041
17
.09570
.08679
.07885
.07176
.06542.05975.05468.05014
.04606.04240
18
.09925
.09014.08199.07471.06820.06236
.05712.05243
.04821.04442
19.10289
.09356.08522
.07774.07104
.06503.05963.05478.05041
.04648
20
.10665
.09711
.08856
.08089.07400.06781.06224
.05723.05272
.04864
21
.11052
.10077.09201.08413.07706.07068
.06495.05977.05510.05088
22
.11452.10455.09558.08750
.08023.07367.06776.06241
.05759.05322
23.11867.10848.09929.09101
.08354
.07680.07070
.06519
.06019
.05567
24.12300
.11259
.10319.09470.08703.08009.07381.06812.06297
.05829
25.12755
.11691.10730.09860.09073
.08359
.07713.07126
.06593
.06109
26.13232.12146.11163.10272.09464.08731
.08065
.07460.06910.06409
27.13732.12624.11619.10706.09878
.09125
.08440.07816.07248.06731
28
.14255.13125
.12098.11164
.10315.09542
.08837
.08195
.07609.07074
29.14799.13647
.12598
.11644.10773.09980
.09256.08594
.07990.07438
30
.15365
.14191.13120.12144
.11252
.10438.09694.09014.08391.07821
31
.15952.14756
.13664.12666
.11754
.10919
.10155.09455
.08813
.08225
32
.16561.15343
.14230.13210.12277.11422.10637.09918
.09257.08650
33.17193
.15954
.14819.13778.12824.11948.11143.10403.09724.09098
34
.17845.16585.15429
.14367.13391
.12495
.11670.10910.10211
.09566
35.18520
.17239.16062.14979.13982
.13065
.12219.11440.10721
.10057
36.19218.17916.16718
.15614.14597.13659
.12793.11993
.11254.10571
37.19938.18617.17398.16274
.15236
.14276.13390
.12570
.11812.11110
38.20683.19342.18103
.16958.15900
.14920.14013.13173
.12395
.11673
39
.21450
.20090.18832.17667
.16588.15588
.14661.13801.13003.12261
40.22241.20862
.19585
.18400.17301.16281
.15334.14454
.13636
.12875
41
.23055.21659
.20362
.19158
.18040.17000.16033
.15133.14295.13514
42.23892.22479.21164.19942.18804.17744
.16757.15838
.14980.14180
43
.24756
.23326.21994
.20753.19596.18517.17511.16572.15695.14875
44
.25644
.24198.22849
.21590.20415
.19318.18293.17334.16438
.15599
45.26557.25096
.23731
.22455
.21263.20147.19103
.18125
.17210
.16352
46.27496.26021.24641.23349.22139.21006.19943.18947.18013.17136
47.28460.26972
.25578
.24270.23044.21893.20813.19799.18846
.17951
48
.29451.27950.26542.25220
.23978.22811.21714.20682.19712.18798
49.30468
.28957.27536
.26201.24944.23761.22648
.21599
.20611.19679
50.31515
.29994
.28562
.27214
.25943
.24746.23617
.22552.21547.20598
2011–38 I.R.B.365September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
51.32591
.31062.29620.28260.26976
.25765
.24621
.23541.22520.21554
52
.33697.32161.30710.29340
.28045
.26821
.25663.24568.23531.22550
53
.34832.33291.31833
.30453
.29148.27912.26741
.25632.24582.23585
54.35995
.34449
.32985.31598
.30283.29037
.27855
.26733
.25669.24658
55
.37183
.35635
.34166.32773
.31450
.30194.29001.27868.26791
.25768
56
.38390.36841
.35370
.33971.32642.31378
.30175
.29032.27943.26907
57
.39618.38069
.36596.35194.33859.32588
.31377.30224
.29125
.28077
58
.40862.39316.37842.36438
.35099
.33822
.32605
.31443.30334.29276
59
.42126
.40583
.39110
.37705
.36364
.35083.33859
.32691
.31574.30506
60.43410.41873.40403.38999
.37656
.36372
.35145
.33970.32846.31770
61.44714.43183.41718.40316.38974.37689
.36458.35279
.34149.33067
62.46033
.44510.43052.41653
.40313.39028.37796.36614
.35480
.34391
63.47366
.45853
.44402.43010.41673.40390
.39157
.37974.36836
.35744
64.48712.47212
.45770.44385.43053
.41773
.40542.39358
.38219.37123
65.50073.48586.47156.45779.44454
.43179
.41951
.40768.39629
.38531
66
.51461
.49990
.48573
.47207
.45891
.44623.43400.42220.41083
.39985
67
.52872.51419.50018.48665
.47360.46100.44884.43710
.42576
.41481
68
.54302.52869.51484.50147.48854.47605
.46398
.45231
.44103.43011
69
.55744.54333.52968.51648.50371
.49134.47938.46780
.45659.44573
70
.57198.55810.54467.53165.51905.50683.49500.48352
.47241.46163
71
.58662.57300.55980.54700.53458.52253.51084.49950
.48849.47781
72.60134
.58800.57505.56247.55026.53840.52688.51569.50481.49425
73.61608.60303
.59035.57803.56604.55439.54305.53203.52131.51087
74.63077.61804
.60565.59358.58184.57041.55928.54844.53789.52761
75.64536.63295.62085
.60907
.59759.58639.57548.56485.55447.54436
76
.65980
.64772
.63594.62445
.61323.60229
.59162.58120.57102.56110
77.67408.66234
.65089
.63970.62877.61809.60766
.59747.58751.57779
78.68817.67679
.66567.65479
.64416.63376
.62359
.61364.60392
.59440
79
.70205
.69104.68026.66971
.65938
.64927.63937.62968.62019.61090
80
.71569.70504
.69461.68439.67438
.66457.65495.64553
.63629.62724
81
.72905
.71878.70871.69883.68914.67963.67031.66116
.65219
.64339
82.74213.73224
.72252
.71299.70363.69444
.68541.67655.66785.65930
83
.75489.74538
.73603.72684.71781.70894.70022
.69165
.68323
.67495
84.76731
.75818
.74919.74036.73167.72312.71471.70644.69830.69029
85
.77937.77062.76200
.75352.74516
.73694.72884.72087.71302
.70529
86.79106.78268.77443.76629
.75828.75038
.74260.73493.72738.71993
87
.80235
.79434
.78645
.77866.77098.76341
.75595.74858
.74132.73416
88.81324
.80560
.79806.79062.78328.77603.76888.76182
.75486
.74798
89.82371.81643.80924.80214
.79513
.78821.78137.77461.76794.76134
90
.83375
.82682.81998.81321
.80653
.79992.79339.78693
.78055
.77424
91.84336.83678.83027.82383.81747.81117.80494.79878.79268
.78665
92
.85253
.84629.84011.83399.82794.82194.81601.81014.80433
.79857
93.86126
.85534
.84948.84367.83792.83222
.82658
.82099
.81545
.80997
94
.86956.86395.85840.85289
.84743.84202.83666.83134.82608.82086
95
.87744.87213.86687.86166
.85648.85135
.84626.84122.83621
.83125
96.88487
.87985
.87488.86994
.86504
.86017
.85535.85056.84581
.84109
97.89188.88714.88244.87776.87312
.86852.86395.85941.85490.85042
98
.89850
.89402
.88958.88516
.88077.87641.87208.86778
.86351.85927
September 19, 20113662011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
99
.90475.90053
.89632
.89215
.88800.88388.87978
.87571
.87167
.86765
100
.91057.90658
.90261.89867
.89475.89085
.88697.88312.87929
.87548
101.91610.91234.90860.90487.90117.89749.89382.89018
.88655.88295
102.92122.91767.91413.91061.90711.90363.90017.89672.89328.88987
103.92630.92296.91963.91632.91303
.90975
.90648.90323.89999.89677
104.93097.92783.92470
.92158
.91847
.91537
.91229.90922.90616.90312
105.93558
.93263.92969.92676.92383.92092.91802
.91513.91225
.90938
106
.94135
.93864
.93594.93325.93057
.92789
.92522.92256
.91991.91726
107.94789
.94546
.94304.94062.93821
.93580
.93340.93101.92861.92623
108
.95844.95648.95453.95258.95063
.94868.94673.94478.94284.94090
109.97900.97800.97700.97600
.97500
.97400.97300.97200.97100.97000
Table U
(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjus
ted Payout Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
0.0221
7
.0207
1
.0194
2
.0182
9
.0172
9
.0164
0
.01561
.0149
1
.0142
9
.0137
3
1
.01657.01504
.01369
.01250.01145.01053
.00970.00897.00831.00773
2
.017
15
.015
55
.014
15
.01290.01180.01082.00996.00918
.008
50
.00788
3
.01795
.016
28
.014
81
.01350.01235
.011
32
.010
41
.009
60
.008
87
.008
22
4.01888.01714
.01560
.01423.01302.01194.01098.01013.00936.00867
5
.019
91
.018
09
.016
48
.01505
.013
78
.01265
.011
64
.010
74
.009
93
.009
21
6.02104.01914.01746
.01597
.01463
.01345
.01239.01144
.01059
.00982
7
.02
225
.02027
.01
851
.01
695
.01
555
.01430.01319.01219.01130.01049
8
.02356
.02
149
.01965
.01
802
.01656.01525
.01
408
.01
303
.01
209
.01
124
9.02497.02282.02090.01919.01766.01629
.01506
.01396.01296.01207
10.0
2649
.02425
.0
2224
.0
2046
.01885
.0
1742
.0
1613
.0
1497
.0
1392
.0
1298
11.02812
.02578
.02369.02182
.02015.01865
.01729.01608.01498.01398
12.02986.02742
.
02525
.02329
.
02154
.01997
.
01855
.01727.01612
.
01508
1
3
.
03167
.
02914
.
02687
.
02483
.
02300
.02135
.
01987
.01853
.
01732
.
01622
14
.03352
.03089
.02852
.02640.02449.02276.02121.01981
.01854
.01738
15.03538
.03264.03018.02797
.02597
.02417
.02255
.02107.01974
.01853
16.03724.03439.03183
.02952
.02744
.02556.02385
.02231.02092
.01965
17.03911
.03615
.03348.03107.02890.02694
.02516.02354
.02208
.02075
18.04100.03792
.03515
.03264.03037.02832.02646.02477.02323.02184
19.04294.03974
.03685
.03424.03188.02973.02778.02602.02441.02294
20.04497
.04165
.03864
.03592.03345
.03121.02918.02732
.02564
.02410
21.04707.04362.04049.03766
.03508.03275
.03062.02868.02691
.02530
22.04926
.04568
.04243.03948.03679
.03435
.03212.03009.02824
.02655
23
.05157.04785
.04447.04140.03860
.03605
.03372.03160
.02965
.02788
24
.05404.05017
.04666.04346
.04054
.03788
.03545
.03322.03119.02932
25.05668.05268
.04902
.04569.04265
.03987.03733
.03500
.03287.03091
26
.05953.05537.05157
.04811.04494.04204.03938
.03695
.03472.03267
27
.06258.05827.05433.05072
.04742.04440.04163.03908.03674
.03459
28
.06585
.06138
.05729.05354.05011.04695
.04406.04140
.03895
.03670
29.06932.06469.06044
.05655.05297
.04969.04667.04389.04132.03896
2011–38 I.R.B.367September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
30.07298.06818.06378
.05974.05602.05260
.04944
.04654
.04386.04139
31.07684.07188.06732.06312
.05925.05569.05241
.04937
.04657
.04399
32.08092
.07578
.07106.06670.06268
.05898.05556.05239
.04947.04676
33
.08522
.07991
.07501.07050
.06633.06247
.05891.05561.05256
.04972
34.08972.08423.07917.07449.07016
.06615
.06244
.05901.05582.05286
35
.09444.08878
.08354
.07869.07420.07004.06618.06260
.05928.05619
36.09940
.09355
.08814.08312.07846
.07415
.07013.06641.06294
.05972
37
.10459.09856
.09297.08777
.08295
.07847.07431.07043.06682.06346
38.11004.10382
.09805
.09268.08769.08304.07872.07469.07093.06742
39
.11573
.10932.10337.09782.09266.08784.08336.07917
.07526
.07161
40.12167
.11508
.10893.10321.09787.09289.08824.08389.07982.07602
41.12787.12109.11476
.10885
.10334.09818.09336
.08885
.08463.08068
42.13433.12736
.12085
.11476.10906.10373.09874.09406.08968
.08557
43.14109.13393.12723
.12095.11508.10957
.10441
.09957.09502.09075
44.14814.14078.13389.12744.12138
.11569
.11036
.10534
.10063.09620
45.15548
.14793.14086.13421.12797.12211
.11659
.11141
.10653
.10193
46.16313
.15540
.14814.14131.13488.12884
.12315
.11779.11274.10798
47.17109.16318
.15573
.14871.14210
.13588
.13001.12448
.11925
.11432
48.17938.17128.16364
.15645
.14966
.14325
.13721
.13150
.12610.12100
49.18801.17973.17191
.16453.15756.15098.14475
.13887.13330.12803
50
.19702
.18856.18057
.17301
.16586.15910.15270
.14663.14089
.13545
51
.20642.19778.18961.18188
.17456
.16762.16104
.15480
.14889.14328
52
.21621.20741.19907.19117.18367
.17656
.16981.16340
.15732.15153
53
.22641
.21745
.20894.20087.19321
.18593
.17901.17243.16617.16022
54
.23699.22788.21922.21098.20316
.19571
.18862.18188
.17546
.16934
55
.24794.23868.22987.22148
.21350.20589.19865
.19174
.18516
.17888
56.25920
.24981
.24085
.23232.22418.21642.20902
.20195.19521
.18877
57
.27078.26126
.25217
.24349
.23521
.22730
.21975.21253.20563
.19904
58
.28266.27301.26379
.25498.24656.23851
.23081
.22345
.21640
.20965
59
.29486
.28510.27576
.26682
.25827.25009.24225
.23474
.22755.22065
60.30740
.29754
.28810
.27905
.27037.26206
.25409.24645
.23911.23208
61.32029.31033.30079.29164
.28285
.27442.26632
.25855.25109
.24391
62.33347.32344.31381
.30455.29567
.28712.27891.27102.26343
.25613
63.34693.33684.32713.31779.30881.30017
.29185.28385
.27614.26872
64.36069
.35054
.34076
.33135
.32229
.31356.30515
.29704.28922.28169
65
.37474
.36455.35472.34525
.33612.32731.31881.31061.30270
.29506
66.38927
.37905
.36919
.35968.35049
.34161.33304.32476.31676.30903
67.40423.39401.38413
.37458.36535.35643
.34780.33946.33138
.32357
68
.41956.40935
.39947.38991.38066.37170.36303
.35464.34650
.33863
69
.43522.42504.41518.40562
.39636.38739.37869.37026.36208
.35415
70
.45118
.44104.43121.42168.41243.40346
.39475
.38629.37809.37012
71.46744
.45737.44759
.43810.42888.41992.41122.40276
.39455.38656
72.48398.47399.46429
.45486.44568
.43676.42808.41964.41143.40344
73
.50072
.49084.48123.47187.46276
.45389.44526.43685
.42866.42068
74
.51759.50784
.49833.48907.48004.47124.46267
.45431
.44616.43821
75.53450.52488.51550.50635
.49743.48872.48022.47192.46383
.45592
76
.55140.54194.53270.52368.51487.50626.49785
.48964.48161.47377
September 19, 20113682011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
77
.56828.55898.54990.54102.53234.52385.51555.50744.49950
.49173
78
.58509.57598.56707.55835.54981.54146.53328.52528.51744.50977
79.60181
.59290.58417.57562.56725.55904.55100.54313.53541.52785
80.61837.60967.60114
.59278.58458.57653.56865.56091.55333.54589
81
.63475
.62627
.61795
.60979.60177
.59391.58619.57861.57117.56386
82
.65091
.64267
.63457
.62661.61880.61112
.60358.59617.58888.58173
83.66681
.65881.65094
.64321
.63560
.62812.62077
.61353
.60642
.59942
84.68241.67466.66703
.65952.65214
.64487.63771.63067.62373.61691
85
.69768.69019.68280
.67553
.66837.66132
.65437.64753
.64078.63414
86
.71259.70536
.69822.69120.68427.67744.67070.66406
.65752.65107
87.72709.72012
.71325
.70647.69977.69317.68666.68023.67389.66764
88.74119.73449.72787.72134.71489
.70852
.70223.69602.68989.68384
89
.75483
.74840.74204
.73576.72955
.72342.71736.71138
.70546
.69962
90.76800.76183
.75573
.74971
.74375.73785
.73202.72626
.72056
.71493
91.78069.77479
.76895
.76317
.75745.75180
.74620.74067
.73519
.72977
92.79288.78724
.78165
.77613
.77065.76524.75987.75456
.74930.74409
93
.80453.79915
.79382
.78854
.78331.77812.77299.76790.76286
.75787
94
.81568.81055.80547
.80043
.79544
.79048
.78557
.78071
.77588
.77110
95
.82633.82144.81660.81180.80704.80231.79763.79298.78837.78380
96.83642.83177.82717
.82259
.81806
.81356
.80909
.80465.80025.79588
97
.84598.84157
.83719.83284
.82853
.82424.81998
.81576.81156
.80739
98
.85505.85086
.84670
.84257
.83847.83439.83034.82631.82232
.81835
99
.86365.85968.85573.85181
.84791.84404.84019.83636
.83255
.82877
100.87169.86792.86418
.86045.85675.85307
.84941
.84577.84215.83855
101.87936
.87579
.87224.86871
.86520
.86171
.85823.85477.85133
.84791
102.88647.88309.87972.87637.87304.86972.86642.86313
.85986.85660
103
.89356
.89036.88718.88402.88086.87772.87460.87149.86839
.86531
104.90008.89706
.89405.89105
.88807
.88509
.88213.87918.87624.87331
105.90652
.90366.90082.89799
.89517
.89236
.88955
.88676.88398.88120
106.91462.91199.90937
.90675
.90414
.90154.89895
.89636.89378.89121
107
.92385
.92147.91910.91673.91437.91201.90966.90731.90497.90263
108.93896.93702
.93509
.93316.93123.92930.92737
.92544.92352
.92160
109.96900.96800.96700.96600
.96500
.96400.96300.96200.96100.96000
Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
0.01323.01279.01238.01202.01169.01139.01112.01088
.01065
.01044
1.00721.00674.00632
.00594.00559.00528.00500
.00474
.00451
.00430
2.00733.00683.00639
.00598.00562.00529
.00499.00472.00447
.00425
3.00764.00711.00664.00622
.00583.00548.00516
.00487.00461.00437
4.00806
.00750
.00700
.00655
.00614
.00577.00543.00513.00485.00459
5.00856
.00797.00744.00696
.00653
.00614
.00578.00545.00515
.00488
6.00914
.00852.00795.00745
.00699
.00657
.00619
.00584.00552.00523
7.00976.00911
.00851
.00798.00749.00704.00664.00627
.00593.00562
2011–38 I.R.B.369September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
8.01047.00978
.00915.00858
.00806
.00759
.00716.00677.00640.00607
9.01126
.01053
.00986.00926.00871.00821
.00775
.00734
.00695
.00660
10.01213.01136
.01065
.01002.00944.00891.00842.00798
.00757
.00720
11.01309.01227
.01153
.01086.01024.00968.00917.00870.00827.00787
12.01413.01327.01249.01178.01113
.01054
.00999
.00950
.00904.00862
13
.01523
.01432
.01350.01275
.01206.01144.01086.01034
.00985
.00940
14.01634
.01539.01452
.01373.01301
.01235
.01174.01118.01067.01020
15
.01743.01643
.01552
.01469.01393.01323
.01259
.01200.01146.01096
16.01849.01744.01648
.01561
.01480.01407.01339.01277.01220.01167
17
.01953
.01843.01742
.01650.01565
.01488.01416
.01351
.01290
.01235
18
.02056
.01940.01834.01737.01648
.01566
.01491.01422
.01358
.01299
19.02160.02038.01927.01824.01730.01644
.01565
.01492.01424.01362
20.02270.02141.02024.01916.01817.01726.01642
.01565
.01494.01428
21.02382.02247.02124.02010.01906.01810.01721.01640
.01565.01495
22
.02500.02358
.02228.02108.01998.01897.01803.01717.01638
.01564
23
.02625
.02476.02339.02213.02097.01990.01891.01800.01716.01638
24.02761.02604.02460.02327
.02205
.02092.01988.01891.01802.01719
25
.02912.02747
.02595.02455
.02326.02206.02096.01994.01900.01812
26.03078.02904.02744
.02597
.02461
.02335
.02218.02110.02010.01917
27.03261.03079.02910
.02755
.02611.02478
.02355
.02241
.02135
.02037
28.03462.03270.03093.02929.02778.02637
.02507
.02387.02274.02170
29.03678.03477.03291.03118
.02959
.02811.02673
.02546
.02427.02316
30.03910.03699
.03503
.03322
.03154
.02997
.02852
.02717
.02592.02475
31
.04159
.03937.03731
.03541
.03364.03199.03046.02903.02770.02646
32
.04425
.04192.03976.03776
.03589
.03416
.03254
.03104.02963.02832
33.04710.04466.04239.04029.03832
.03650
.03479.03320.03172.03033
34
.05011.04756.04518
.04297.04090.03898.03718
.03551
.03394.03247
35.05331.05064.04815.04582
.04366.04163.03974.03798.03632.03477
36
.05671.05391.05130
.04887
.04659
.04446.04247.04061.03887.03723
37.06032
.05739.05466.05210
.04972.04748
.04539
.04343
.04159
.03986
38
.06415
.06109
.05823.05556.05305.05070.04850
.04644
.04450
.04268
39.06819
.06500
.06201
.05921.05658.05412.05181
.04964.04760
.04568
40.07246.06913.06601.06308.06033
.05774.05532.05304.05089
.04887
41.07697.07349.07023.06717.06429
.06158.05904.05664.05439.05226
42.08171.07809.07469.07149.06848
.06564
.06298.06046
.05809.05585
43.08674.08297.07942.07608.07293.06997.06717
.06453
.06204
.05969
44.09203.08810.08441.08092.07764
.07454
.07161
.06885
.06624.06377
45
.09760
.09352
.08967.08604.08261.07938.07632.07342.07068.06809
46.10348
.09925.09524
.09146.08789
.08451
.08131.07828
.07542
.07270
47.10967
.10527
.10111.09717
.09345
.08992
.08659
.08342.08042
.07757
48.11618.11161.10730.10321.09933
.09566
.09217.08887
.08573.08275
49.12304.11831.11383
.10958.10555
.10173.09810
.09465
.09137
.08825
50
.13029
.12540
.12076
.11635
.11216.10818.10440.10081.09739.09413
51.13795
.13289.12808
.12351
.11917
.11504
.11110.10736.10379.10040
52
.14604.14081
.13584
.13111.12661.12232.11823.11434.11062.10708
53.15456
.14917.14404.13914.13448.13004
.12580.12175
.11789.11420
54.16352.15796.15266
.14761.14279.13819.13379
.12959.12558.12175
September 19, 20113702011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
55
.17289.16717.16171
.15650.15152
.14676.14221.13786.13370.12971
56
.18262.17674.17113
.16576
.16062
.15570.15100.14650
.14218
.13805
57
.19273.18669.18092
.17539
.17010
.16503
.16017
.15552.15105
.14677
58
.20319.19700.19107
.18539
.17994.17472.16971.16490.16029
.15586
59
.21404.20770.20162
.19579
.19019.18481
.17965
.17470.16993
.16535
60
.22532
.21884.21261.20663.20088
.19536.19005
.18494.18003
.17530
61.23702.23040.22403.21790.21201.20634.20089
.19564.19058.18571
62.24911
.24235.23584.22958.22355
.21774.21214.20674
.20154.19653
63
.26157.25468.24805.24165.23548.22954
.22380.21827.21293.20777
64.27442.26742
.26065.25413
.24783
.24175.23588
.23021.22474.21944
65
.28768
.28056
.27368.26703.26061
.25441
.24841.24261.23700
.23158
66
.30156
.29433
.28735.28059.27405
.26773.26161
.25569.24995
.24440
67.31601.30870.30161.29476.28812.28169
.27545
.26942
.26357.25790
68.33100.32360.31643.30949
.30275
.29622.28989
.28375
.27779.27201
69.34646.33900.33177.32474.31793.31131.30489
.29865.29259
.28671
70.36239
.35488.34758
.34049.33361.32692.32041.31409
.30795
.30197
71.37880
.37125
.36391
.35677
.34983.34308
.33651
.33011.32389.31784
72
.39566
.38809.38073
.37355.36657.35977.35315
.34670.34041.33429
73.41291
.40534
.39796.39077.38376.37693.37027.36377
.35744.35126
74.43046.42290
.41552
.40833.40131.39446.38778
.38125
.37489.36867
75
.44821.44068.43332.42614.41913.41227
.40558
.39904.39266.38641
76.46611
.45862.45130.44415.43715
.43031.42363.41709.41069.40444
77.48414.47671.46944.46233
.45537.44856
.44189
.43536
.42898.42272
78
.50226
.49490.48770
.48065
.47374.46697.46034
.45384
.44747.44123
79
.52043.51317.50604
.49906.49222
.48551
.47892.47247.46614
.45993
80
.53859.53142.52440.51750.51074.50410.49758
.49118.48491.47874
81
.55669.54964.54273.53593.52926.52271.51627.50995.50373
.49763
82
.57469.56778.56099.55431.54774.54129.53494.52871.52257.51654
83
.59254.58577.57911.57256.56612.55978.55354.54740.54136.53541
84.61019
.60358.59706.59065.58434.57812.57200.56597.56003.55419
85.62759
.62114.61479
.60853
.60236
.59628.59028.58438.57856.57282
86.64470.63843.63224.62614.62012.61419.60833
.60256.59687.59125
87.66146
.65537
.64936.64342
.63757
.63179.62608
.62045
.61489.60941
88.67786.67196.66613.66037
.65469
.64907
.64352
.63804.63263.62728
89.69384.68813.68249.67691.67140
.66595.66057.65525
.64999.64479
90.70936
.70385
.69840.69301.68768.68241.67719.67204.66693.66189
91.72440.71909.71384.70864.70349.69840.69336.68837.68344
.67855
92.73894.73383.72878.72377.71881.71390.70904.70422
.69945
.69473
93
.75292
.74801.74316.73834
.73357.72885
.72416
.71952
.71492.71037
94.76636.76166
.75700.75238
.74780.74326.73876.73429.72986
.72547
95
.77926.77476.77030
.76587
.76148
.75712.75280.74851
.74426.74004
96
.79155.78725
.78298.77874
.77453
.77036.76622.76210
.75802.75397
97
.80325.79915.79507
.79101.78699.78300.77903
.77509
.77117.76729
98.81440.81048
.80659
.80272.79887
.79505
.79126.78749
.78375
.78002
99
.82502
.82128
.81757
.81388.81021
.80656
.80294.79934
.79576
.79220
100.83497.83141.82788.82436.82086.81738.81392.81048.80706
.80365
101
.84451
.84112.83776.83441.83107.82776.82446.82117.81791.81466
102
.85337.85014
.84693.84374
.84056
.83740
.83425
.83112.82800.82490
2011–38 I.R.B.371September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
103.86223
.85918.85613.85310.85008
.84708.84409.84111.83814
.83519
104.87040.86749.86460.86172
.85885.85599.85314.85030
.84748.84466
105
.87844
.87568
.87294.87020.86748.86476
.86205.85935.85666.85398
106
.88865
.88609
.88354
.88100.87846
.87594
.87341.87090.86839
.86590
107.90030.89797
.89565
.89333.89102.88871.88641.88411.88181
.87952
108.91968.91776
.91585
.91394.91203.91012.90821.90630.90440
.90250
109
.95900.95800.95700.95600.95500.95400.95300.95200.95100.95000
Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
0
.01025
.01008.00992.00977.00963
.00950
.00938.00927.00917.00907
1.00410.00392.00376.00361.00347.00334.00322.00310.00300.00290
2.00404
.00385
.00367
.00351
.00336.00322.00310.00298.00287.00276
3
.00415
.00394.00376
.00359
.00343.00328.00314.00301.00290.00279
4
.00435
.00414.00394
.00375.00358
.00342.00328.00314.00302.00290
5
.00463.00439.00418.00398.00380.00363.00348.00333.00319.00307
6.00496.00471.00448.00427.00408.00390.00373
.00357
.00343.00329
7
.00533.00507
.00483.00460.00439.00420.00402
.00385
.00369
.00355
8
.00577.00549.00523
.00499.00476
.00456
.00436.00418.00402.00386
9.00627
.00598.00570.00544.00520
.00498.00478
.00458
.00440.00423
10
.00685.00653
.00624
.00596.00571.00547.00525.00505.00485
.00467
11
.00750
.00716
.00685.00656
.00629.00603
.00580.00558.00537.00518
12.00823.00787
.00753
.00722.00693.00667.00642.00618
.00596.00576
13.00899.00861.00826.00793.00762.00734.00707.00682
.00659
.00637
14.00976
.00935
.00898.00863.00831.00801.00772.00746.00722.00698
15.01050
.01007.00967.00931.00896.00864
.00835
.00807.00781
.00756
16.01118.01073.01031.00992
.00956
.00922.00891.00861.00834.00808
17.01183
.01135
.01091
.01050
.01011.00976.00942.00911.00882
.00855
18.01244.01194.01147.01104.01063
.01025
.00990
.00957
.00926.00897
19.01304
.01251
.01202
.01156
.01113.01073
.01035
.01001.00968.00937
20.01367.01311
.01258
.01209.01164.01122.01082
.01045
.01011.00978
21.01430.01371
.01315
.01263
.01215
.01171.01129.01090
.01053
.01019
22.01496.01432.01373.01319.01268.01220.01176.01134
.01095.01059
23
.01565
.01498.01436.01377.01323.01273
.01225
.01181.01140.01101
24.01642
.01571.01505
.01443.01386.01332.01282
.01235
.01191.01149
25
.01731
.01655.01585.01519.01458
.01401.01347.01297
.01250
.01206
26.01831
.01751
.01676.01606
.01541
.01480.01423.01370.01320.01273
27
.01945
.01860.01780.01706.01637
.01572.01511.01454
.01401
.01351
28.02073.01982.01898.01819
.01745
.01676.01611
.01551
.01494.01440
29.02213.02117.02027.01943
.01865
.01791.01722
.01658.01597.01540
30
.02365
.02263.02168.02079
.01995
.01917.01844
.01775
.01710.01649
31
.02531
.02422.02321.02226.02138
.02054
.01976.01902.01833.01768
32.02709
.02595
.02487.02387.02292.02204.02120.02042.01968.01899
33.02903.02782.02668
.02561
.02461.02366.02278.02194.02116.02041
September 19, 20113722011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
34.03110.02981.02860.02747.02640
.02540
.02446
.02357
.02273.02194
35
.03332
.03195
.03067.02947.02834.02728.02627
.02533
.02444
.02359
36
.03569.03425
.03290.03162.03042.02929.02823.02722.02627
.02537
37.03824.03671
.03528
.03393.03266.03146.03032
.02925
.02824.02729
38.04097.03936.03784.03641
.03506
.03379
.03259.03145
.03037.02936
39.04387.04217
.04057.03905
.03763.03628
.03500
.03380
.03265.03157
40.04696
.04517
.04347.04187.04036.03893
.03758
.03630
.03509
.03394
41
.05025
.04836
.04657
.04488.04328.04177.04034.03898.03769.03647
42
.05374.05174
.04986.04807.04638.04478.04326.04183.04046.03917
43
.05747.05537.05338.05150
.04971.04802.04641.04489.04344.04207
44.06143
.05922.05712.05514.05325.05147
.04977.04816.04663
.04517
45.06564
.06331.06111
.05901.05703.05514.05335.05164.05002
.04848
46.07012.06768
.06536.06315
.06106
.05907.05718.05538.05366.05203
47.07487.07231.06987
.06755.06535.06325.06125.05935.05754.05581
48.07992.07723.07467.07223.06991.06770
.06560.06359
.06168
.05985
49
.08529
.08247.07978.07722.07479.07246.07024.06813.06611.06418
50
.09103.08808
.08526.08258
.08002
.07757.07524
.07301.07088
.06885
51
.09716.09407.09112.08831
.08562
.08306.08060.07826.07601.07387
52
.10370.10047.09739
.09445
.09163.08894.08637.08390
.08154
.07928
53
.11068.10731.10409.10101.09806
.09524.09254
.08996.08748
.08510
54
.11808
.11457
.11121.10800.10492.10197.09914.09642.09382.09133
55.12590.12225.11875.11540
.11218.10910.10614.10330
.10057.09795
56
.13409.13029
.12665
.12316.11981
.11659.11350.11053
.10768.10493
57
.14266.13872.13494.13130.12781.12446.12123.11813
.11515
.11228
58.15160.14751.14359
.13981.13618.13269.12933.12609.12298.11998
59.16095.15672.15264
.14873
.14495
.14132.13783.13446.13121.12808
60.17076.16638.16216
.15810.15419.15042
.14678.14328.13990.13663
61.18101.17649.17213.16793.16388
.15997.15619.15255
.14904
.14564
62.19169.18703
.18253
.17818.17399.16994.16603
.16225.15860.15507
63.20279.19799
.19335
.18886
.18453
.18034.17629.17238
.16859
.16493
64.21433.20939.20461.19998
.19551
.19119.18700
.18295
.17903
.17523
65
.22633
.22125
.21633
.21158
.20697
.20251
.19819.19400.18994.18601
66.23903.23382.22877.22388.21914
.21455
.21010
.20578.20159.19752
67
.25240
.24707.24190.23688.23202.22730.22271.21827
.21395.20975
68.26640
.26095.25566.25053.24554
.24070.23600.23143.22698.22267
69.28099
.27544
.27004.26480
.25970.25474
.24992
.24523
.24067.23623
70.29616
.29051.28501
.27966.27446.26939.26446
.25966.25499.25044
71.31194.30620.30062
.29517
.28987.28471.27968.27478.27000
.26534
72.32833
.32251
.31684.31132
.30593
.30068
.29556.29057.28569
.28094
73
.34524
.33936.33363.32804
.32258.31725.31205
.30697.30201.29717
74.36260
.35667.35089.34523
.33971.33432
.32905
.32390.31887
.31395
75
.38031
.37435.36852
.36282
.35725.35180
.34647.34126.33617.33118
76.39832.39233.38647.38074
.37513
.36964.36427
.35901.35386
.34882
77.41660.41060.40473.39898
.39335
.38783.38242.37713.37194
.36685
78
.43512
.42913.42326
.41750
.41186.40632.40090
.39558
.39036
.38524
79
.45384
.44787.44201.43626.43062
.42509
.41966.41432.40909.40396
80.47269
.46675
.46092
.45519.44957
.44404.43862.43329.42806.42291
2011–38 I.R.B.373September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
81.49163
.48574
.47994
.47425
.46866.46316
.45775.45244
.44722.44208
82
.51061.50478
.49904.49340.48784.48238.47701.47173
.46653
.46141
83
.52956.52380.51813.51255.50705.50165
.49632.49108
.48592
.48083
84
.54843.54275.53716.53166.52623.52089.51562.51044.50532.50029
85.56716.56159.55609.55067.54533.54006.53487.52975.52470.51972
86
.58571.58024.57485.56953.56428.55910.55399.54894.54397.53906
87.60399
.59864.59337.58815.58301.57793.57291.56795.56306.55823
88.62200.61678.61162
.60653.60150.59653.59161.58676.58196.57722
89
.63965.63457.62954.62458
.61967.61481.61001
.60526.60057.59593
90
.65690.65196
.64707.64224.63746.63273
.62805
.62342.61884.61431
91.67371.66892.66418
.65949.65485.65025.64570
.64119.63673.63231
92
.69005.68542
.68083.67628.67178.66732.66290
.65852.65419
.64989
93
.70585
.70137.69694
.69254
.68819.68387
.67959.67534
.67114.66697
94.72112.71681
.71253
.70828.70407.69990
.69576
.69166
.68759.68355
95.73585
.73170
.72758
.72349.71943
.71541
.71141
.70745.70352
.69961
96
.74995.74595
.74199.73806
.73415
.73027.72642.72260.71881
.71505
97.76343
.75960.75579.75201
.74826
.74453
.74083
.73715.73350
.72987
98.77633
.77265
.76900
.76538
.76177
.75819.75463.75110.74759
.74410
99.78866
.78514.78165
.77817.77472.77129.76787.76448.76111
.75775
100.80027.79690
.79356
.79023.78692.78363.78036.77710.77386
.77065
101.81143.80821
.80502
.80183.79867
.79552
.79239.78927.78617.78308
102.82181.81874
.81568
.81264.80961
.80659.80359
.80060.79763.79467
103
.83225
.82933.82641
.82351
.82062.81774.81488.81203.80919.80636
104.84186.83907.83629
.83351
.83076.82801
.82527.82254
.81982.81712
105.85131.84865
.84600.84336.84072.83810
.83548
.83288.83028.82769
106.86340.86092
.85844.85597.85351.85105
.84860.84616.84372.84130
107.87724.87496.87268.87041
.86815.86589
.86363.86138
.85914.85690
108.90060.89870.89681.89492.89303.89114
.88925
.88736
.88548
.88360
109.94900.94800.94700.94600
.94500
.94400.94300.94200.94100.94000
Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
0.00898.00889.00881.00873.00866
.00859.00853
.00846.00840
.00835
1.00281.00273
.00265.00257.00250
.00244.00237.00232.00226.00221
2.00267
.00258
.00249.00241.00234.00227.00220.00214.00208.00202
3.00268
.00259
.00249.00241.00233
.00225
.00218.00212
.00205
.00199
4.00279.00268
.00258
.00249.00241.00233
.00225
.00218.00211
.00205
5.00295
.00284.00273.00263
.00254.00245
.00237.00229.00222
.00215
6.00316.00304.00293.00283.00273.00263
.00254
.00246.00238.00230
7.00341.00328.00316
.00305
.00294.00284.00274
.00265.00256
.00248
8.00371
.00357
.00344.00332.00320.00310.00299.00289.00280.00271
9.00408.00393.00379.00366
.00353
.00341.00330.00320.00310.00300
10
.00450
.00434.00419
.00405
.00392.00379.00367
.00356.00345.00335
11
.00500
.00483.00467
.00452
.00438.00424.00411.00399.00387.00376
September 19, 20113742011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
12
.00557.00538.00521.00505
.00490.00476.00462.00449.00436
.00425
13.00617
.00597.00579.00562.00546.00531.00516.00502
.00489.00477
14.00677
.00656
.00637.00619.00602
.00585.00570.00555.00541.00528
15
.00733.00712.00691.00672
.00654
.00636.00620
.00605.00590.00576
16.00784.00761.00739.00719.00700.00681.00664.00648.00632.00618
17.00829
.00805
.00782.00761.00741.00721.00703.00686.00670
.00654
18.00870
.00845
.00821.00798.00777
.00756
.00737.00719.00702
.00685
19.00909.00882
.00856
.00832.00810.00788.00768.00749.00731.00713
20.00948.00919.00892.00867.00843.00821.00799.00779.00760.00741
21.00986
.00956
.00927.00901
.00875.00851
.00829.00807.00787.00767
22.01024.00992.00962.00933.00906.00881
.00857
.00834.00813.00792
23
.01065
.01030.00998.00968.00939.00912.00887.00862.00839.00818
24.01110.01074.01040.01007.00977.00948.00921
.00895
.00870.00847
25.01165
.01126.01089
.01055
.01022.00991.00962.00934.00908.00884
26.01228.01187.01148.01111.01076.01043.01012.00982
.00955
.00928
27.01303
.01259
.01217.01178.01140
.01105
.01072.01040.01010.00982
28.01390.01342.01297
.01255.01215
.01178.01142.01108.01076.01046
29.01486
.01435
.01387.01342.01299
.01259
.01221
.01185.01150
.01117
30
.01591.01537
.01486.01437.01392.01348.01307.01269.01232.01197
31.01707.01649
.01594.01542
.01493.01447.01403.01361.01322.01284
32.01833.01771.01713
.01657.01605.01555.01508
.01464.01421.01381
33.01971
.01905
.01843.01784.01728.01674.01624
.01576.01531
.01487
34.02119.02049.01982.01919
.01859
.01802.01748.01697.01648.01602
35
.02280.02204.02133
.02065
.02001.01940.01883.01828
.01775
.01726
36
.02452
.02372.02296.02224
.02155
.02090.02028.01969.01913.01860
37.02638
.02553
.02471.02394.02321
.02252.02185
.02123.02063.02006
38.02839.02748.02661
.02579.02501
.02427
.02356
.02289
.02225
.02164
39
.03055.02957.02865
.02777.02694
.02615.02539
.02467.02399.02333
40
.03285
.03181.03083.02990.02901.02816
.02735.02658.02585.02515
41
.03531
.03421.03316.03217.03122.03032.02946.02863
.02785
.02710
42.03793.03676
.03565.03459.03358
.03262.03170.03082.02999.02919
43.04076
.03952
.03833.03721.03613
.03510
.03413.03319.03230.03144
44.04378.04246.04120.04000.03886.03777.03672
.03573
.03477.03386
45
.04701
.04561
.04427.04299.04178.04062
.03950
.03844.03743
.03645
46
.05047
.04898
.04757
.04621.04492.04368
.04250
.04137.04029
.03925
47
.05416.05258.05108
.04964.04827.04696
.04570
.04449.04334.04224
48
.05810.05644.05484.05332.05186.05047
.04913
.04785
.04662
.04545
49.06233
.06057.05888.05727.05572.05424.05282.05146.05016
.04890
50
.06690
.06503.06325.06154.05990.05833.05683.05538.05399.05266
51
.07181.06984.06796
.06615
.06442
.06275
.06116
.05962.05815.05673
52
.07712
.07504.07305
.07114.06931
.06755.06585
.06423.06267.06116
53
.08282.08063
.07853.07652.07458
.07272.07093.06921
.06756.06596
54
.08893.08663.08442.08229
.08025
.07829.07640
.07458
.07283.07114
55.09544
.09302.09070.08846.08631.08424.08224.08032.07847.07669
56
.10230.09976.09732.09497.09270
.09052
.08842.08639.08444
.08256
57.10952
.10686.10430.10183
.09945
.09716
.09495
.09281
.09075
.08877
58
.11709.11431.11162.10904
.10654
.10413.10181
.09956
.09739
.09530
59.12506.12215
.11934.11663.11402.11149
.10905
.10669.10441.10221
2011–38 I.R.B.375September 19, 2011

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
60.13349
.13045.12751
.12468.12194.11929.11674.11426.11187
.10955
61.14236.13919.13613.13317.13031
.12754
.12486.12227.11976.11733
62
.15166
.14836
.14517
.14208.13909.13620.13340.13069.12806
.12551
63.16138
.15795.15463.15141
.14830
.14528.14235.13952
.13677.13410
64
.17155
.16799
.16453
.16119
.15794.15480.15175
.14879
.14592
.14313
65
.18220
.17850
.17492.17144.16806.16479.16161
.15853.15553.15262
66
.19358.18975
.18604.18243.17893
.17552
.17222.16901
.16589.16285
67
.20568
.20173.19788
.19415.19052
.18699
.18356
.18022.17698.17382
68.21847.21439.21042
.20656
.20280
.19915.19560
.19213.18877
.18549
69.23191.22771.22362.21964
.21577
.21199.20831.20473.20124.19784
70.24601.24169.23748.23339.22939
.22550
.22171.21801.21440.21088
71.26080
.25638.25206.24785.24375
.23974
.23584
.23202.22830.22467
72.27630.27178.26736
.26305.25884.25473.25071
.24679.24296.23922
73.29244.28782.28331.27890.27460.27039.26628.26226
.25833.25449
74.30914.30444.29984
.29535
.29096.28666
.28245
.27834.27432.27038
75
.32630
.32153
.31686.31229.30782.30344
.29915
.29496
.29085
.28682
76.34389
.33905
.33432.32968
.32514
.32069.31633
.31205
.30787.30376
77.36187
.35698.35220.34750
.34290.33839.33396.32963
.32537
.32120
78.38022
.37530
.37047
.36573
.36108
.35652.35204.34765
.34333.33910
79.39891.39396.38910.38433
.37965.37504.37053
.36609.36173
.35744
80.41786.41290.40802.40323
.39852
.39389.38934.38486.38047
.37615
81.43703.43207.42719.42238.41766.41302
.40845.40395.39953.39518
82
.45638.45143.44655.44175
.43703.43238.42781.42330.41887
.41450
83
.47583
.47090.46604.46126
.45655.45191
.44734.44284.43840.43403
84
.49532
.49043
.48561.48085
.47617
.47155
.46700
.46251.45808.45372
85.51480.50996.50518.50047.49582
.49124.48671
.48225.47785.47351
86
.53421.52943.52470.52004.51544.51090.50642.50200
.49763.49332
87
.55346.54875.54409.53950.53496.53047.52604.52167.51734.51307
88
.57254.56791.56333.55881.55434.54992.54555.54124.53697.53275
89
.59134.58680.58231.57788.57349.56914.56485.56060.55640.55225
90.60982
.60538
.60099
.59665.59234.58809.58388.57971.57558.57150
91.62794.62361.61932
.61508
.61087.60671
.60259.59851.59447.59046
92
.64564
.64142
.63725
.63311.62901
.62495
.62093.61694.61299.60907
93.66284
.65874.65468.65066
.64667.64272.63880.63491.63106.62724
94
.67955.67558
.67164.66773.66386.66002
.65621.65243
.64868.64496
95.69574
.69190.68809.68431
.68055
.67683.67313.66946
.66582
.66221
96.71131.70760.70391
.70025
.69662.69302.68944
.68588.68235.67885
97.72626.72268.71913
.71560
.71209.70861
.70515
.70171.69829.69490
98.74063.73718.73376
.73035
.72697.72361.72027
.71695.71365
.71037
99
.75442.75111
.74781
.74454
.74128.73804.73483.73163.72844
.72528
100.76744.76426.76109
.75794.75481.75169
.74860
.74551.74245
.73940
101.78001
.77695
.77392.77089.76788.76489.76191
.75895.75600.75306
102.79172.78879
.78587
.78297.78008.77720.77434.77149
.76865.76582
103
.80354
.80074
.79795.79517
.79240
.78965
.78690.78417
.78145
.77874
104.81442.81174.80906.80640.80374.80110.79847
.79584
.79323.79063
105.82511.82254
.81998.81742.81488.81234.80982.80730.80479.80229
106.83887.83646
.83405.83165
.82926.82687.82449.82212
.81975
.81739
September 19, 20113762011–38 I.R.B.

Table U(1) — Unitrust Single Life Remainder Factors
Based on Life Table 2000CM
Applicable On or After May 1, 2009
Adjusted Payout Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
107
.85466.85243.85020
.84798
.84576.84355
.84134.83914.83694.83474
108.88172.87984.87797.87610.87423.87236.87049.86862.86676.86490
109.93900.93800.93700.93600
.93500
.93400.93300.93200.93100.93000
(f)Effective/applicability date.This
section applies on and after May 1, 2009.
§1.664–4T [Removed]
Par. 8. Section 1.664–4T is removed.
Par. 9. Section 1.7520–1 is amended
by revising the section heading and revis-
ing paragraphs (a)(1), (a)(2), (b)(2), (c)(1),
(c)(2) and (d) to read as follows:
§1.7520–1 Valuation of annuities, unitrust
interests, interests for life or terms of
years, and remainder or reversionary
interests.
(a)General actuarial valuations.(1)
Except as otherwise provided in this
section and in §1.7520–3 (relating to ex-
ceptions to the use of prescribed tables
under certain circumstances), in the case
of certain transactions after April 30,
1989, subject to income tax, the fair mar-
ket value of annuities, interests for life
or for a term of years (including unitrust
interests), remainders, and reversions is
their present value determined under this
section. See §20.2031–7(d) of this chapter
(and, for periods prior to May 1, 2009,
§20.2031–7A) for the computation of the
value of annuities, unitrust interests, life
estates, terms for years, remainders, and
reversions, other than interests described
in paragraphs (a)(2) and (a)(3) of this sec-
tion.
(2) For a transfer to a pooled income
fund, see §1.642(c)–6(e) (or, for periods
prior to May 1, 2009, §1.642(c)–6A) with
respect to the valuation of the remainder
interest.
*****
(b) * * *
(2)Mortality component.Themortal-
ity component reflects the mortality data
most recently available from the United
States census. As new mortality data
becomes available after each decennial
census, the mortality component described
in this section will be revised and the re-
vised mortality component tables will be
published in the regulations at that time.
For transactions with valuation dates on
or after May 1, 2009, the mortality com-
ponent table (Table 2000CM) is contained
in §20.2031–7(d)(7) of this chapter. See
§20.2031–7A for mortality component
tables applicable to transactions for which
the valuation date falls before May 1,
2009.
(c) * * *
(1)Regulation sections containing ta-
bles with interest rates between 0.2 and
14 percent for valuation dates on or after
May 1, 2009. Section 1.642(c)–6(e)(6)
contains Table S used for determining the
present value of a single life remainder
interest in a pooled income fund as defined
in §1.642(c)–5. See §1.642(c)–6A for
actuarial factors for one life applicable to
valuation dates before May 1, 2009. Sec-
tion 1.664–4(e)(6) contains Table F (pay-
out factors) and Table D (actuarial factors
used in determining the present value of
a remainder interest postponed for a term
of years). Section 1.664–4(e)(7) contains
Table U(1) (unitrust single life remainder
factors). These tables are used in deter-
mining the present value of a remainder
interest in a charitable remainder unitrust
as defined in §1.664–3. See §1.664–4A
for unitrust single life remainder factors
applicable to valuation dates before May 1,
2009. Section 20.2031–7(d)(6) of this
chapter contains Table B(actuarial factors
used in determining the present value of an
interest for a term of years), Table J (term
certain annuity beginning-of-interval
adjustment factors), and Table K (annuity
end-of-interval adjustment factors).
Section 20.2031–7(d)(7) contains Table S
(single life remainder factors), and Table
2000CM (mortality components). These
tables are used in determining the present
value of annuities, life estates, remainders,
and reversions. See §20.2031–7A for
single life remainder factors for one life
and mortality components applicable to
valuation dates before May 1, 2009.
(2)Internal Revenue Service publica-
tions containing tables with interest rates
between 0.2 and 22 percent for valuation
dates on or after May 1, 2009. The follow-
ing documents are available, at no charge,
electronically via the IRS Internet site at
www.irs.gov:
(i) Internal Revenue Service Publica-
tion 1457, “Actuarial Valuations Version
3A” (2009). This publication includes ta-
bles of valuation factors, as well as exam-
ples that show how to compute other valu-
ation factors, for determining the present
value of annuities, life estates, terms of
years, remainders, and reversions, mea-
sured by one or two lives. These factors
must also be used in the valuation of inter-
ests in a charitable remainder annuity trust
as defined in §1.664–2 and a pooled in-
come fund as defined in §1.642(c)–5.
(ii) Internal Revenue Service Publica-
tion 1458, “Actuarial Valuations Version
3B” (2009). This publication includes
term certain tables and tables of one and
two life valuation factors for determining
the present value of remainder interests in
acharitableremainder unitrust as defined
in §1.664–3.
(iii) Internal Revenue Service Publica-
tion 1459, “Actuarial Valuations Version
3C” (2009). This publication includes
tables for computing depreciation adjust-
ment factors. See §1.170A–12.
(d)Effective/applicability date.This
section applies on and after May 1, 2009.
§1.7520–1T [Removed]
Par. 10. Section 1.7520–1T is removed.
Par. 10A. For each section listed in the
table below, remove the language in the
“Remove” column and add in its place the
language in the “Add” column as set forth
below:
2011–38 I.R.B.377September 19, 2011

SectionRemoveAdd
§1.170A–12(e)(2), following the formula §20.2031–7T§20.2031–7
§1.642(c)–6A(f)(3)(ii), last sentence§1.642(c)–6T(e)(3)(ii)§1.642(c)–6(e)(3)(ii)
§1.642(c)–6A(f)(4)§1.642(c)–6T(e)(4)§1.642(c)–6(e)(4)
§1.642(c)–6A(f)(5), last sentence§1.642(c)–6T(e)(5)§1.642(c)–6(e)(5)
§1.664–1(a)(6), introductory text§§1.664–4T(e)§§1.664–4(e)
§1.664–4(e)(6), second sentence
§1.664–4T(e)(5)paragraph (e)(5) of this section
§1.664–4A(f)(5), fourth sentence§1.664–4T(e)(5)§1.664–4(e)(5)
§1.664–4A(f)(5), last sentence§1.664–4T(e)(5)§1.664–4(e)(5)
PART 20—ESTATE TAX; ESTATES
OF DECEDENTS DYING AFTER
AUGUST 16, 1954
Par. 11. The authority citation for
part 20 is amended by removing entries
for 20.2031–7T and 20.7520–1T to read as
follows:
Authority: 26 U.S.C. 7805 * * *
Par. 12. Section 20.2031–0 is amended
by removing the entry for §20.2031–7T
from the table.
Par. 13. Section 20.2031–7 is amended
by revising paragraphs (c), (d)(1), (d)(2),
(d)(3), (d)(4), (d)(5), (d)(7), and (e) to read
as follows:
§20.2031–7 Valuation of annuities,
interests for life or term of years, and
remainderorreversionaryinterests.
*****
(c)Actuarial valuations. The present
value of annuities, life estates, terms of
years, remainders, and reversions for es-
tates of decedents for which the valuation
date of the gross estate is on or after May 1,
2009, is determined under paragraph (d)
of this section. The present value of
annuities, life estates, terms of years,
remainders, and reversions for estates of
decedents for which the valuation date of
the gross estate is before May 1, 2009, is
determined under the following sections:
V
aluationDates
AfterBefore
Applicable
R
egulations
-
01-01-52
20.2031–7A(a)
12-31-51
01-01-7120.2031–7A(b)
12-31-7012-01-8320.2031–7A(c)
11-30-83
05-01-89
20.2031–7A(d)
04-30-89
05-01-99
20.2031–7A(e)
04-30-99
05-01-09
20.2031–7A(f)
(d)Actuarial valuations on or after
May 1, 2009—(1)In general. Except as
otherwise provided in paragraph (b) of this
section and §20.7520–3(b) (pertaining to
certain limitations on the use of prescribed
tables), if the valuation date for the gross
estate of the decedent is on or after May
1, 2009, the fair market value of annuities,
life estates, terms of years, remainders,
and reversionary interests is the present
value determined by use of standard or
special section 7520 actuarial factors.
These factors are derived by using the
appropriate section 7520 interest rate and,
if applicable, the mortality component
for the valuation date of the interest that
is being valued. For purposes of the
computations described in this section,
the age of an individual is the age of
that individual at the individual’s nearest
birthday. See §§20.7520–1 through
20.7520–4.
(2)Specific interests—(i)Charitable
remainder trusts. The fair market value
of a remainder interest in a pooled in-
come fund, as defined in §1.642(c)–5
of this chapter, is its value determined
under §1.642(c)–6(e). The fair market
value of a remainder interest in a chari-
table remainder annuity trust, as defined
in §1.664–2(a), is the present value deter-
mined under §1.664–2(c). The fair market
value of a remainder interest in a char-
itable remainder unitrust, as defined in
§1.664–3, is its present value determined
under §1.664–4(e). The fair market value
of a life interest or term of years in a char-
itable remainder unitrust is the fair market
value of the property as of the date of
valuation less the fair market value of the
remainder interest on that date determined
under §1.664–4(e)(4) and (5).
(ii)Ordinary remainder and reversion-
ary interests. If the interest to be valued
is to take effect after a definite number
of years or after the death of one indi-
vidual, the present value of the interest
is computed by multiplying the value of
the property by the appropriate remainder
interest actuarial factor (that corresponds
to the applicable section 7520 interest
rate and remainder interest period) in Ta-
ble B (for a term certain) or in Table S
(for one measuring life), as the case may
be. Table B is contained in paragraph
(d)(6) of this section and Table S (for one
measuring life when the valuation date
is on or after May 1, 2009) is contained
in paragraph (d)(7) of this section and
in Internal Revenue Service Publication
September 19, 20113782011–38 I.R.B.

1457. See §20.2031–7A containing
Table S for valuation of interests before
May 1, 2009. For information about
obtaining actuarial factors for other types
of remainder interests, see paragraph
(d)(4) of this section.
(iii)Ordinary term-of-years and life in-
terests. If the interest to be valued is the
right of a person to receive the income
of certain property, or to use certain non-
income-producing property, for a term of
years or for the life of one individual, the
present value of the interest is computed
by multiplying the value of the property by
the appropriate term-of-years or life inter-
est actuarial factor (that corresponds to the
applicable section 7520 interest rate and
term-of-years or life interest period). Inter-
nal Revenue Service Publication 1457 in-
cludes actuarial factors for a remainder in-
terest after a term of years in Table B and
after the life of one individual in Table S
(for one measuring life when the valuation
date is on or after May 1, 2009). How-
ever, term-of-years and life interest actu-
arial factors are not included in Table B
in paragraph (d)(6) of this section or Ta-
ble S in paragraph (d)(7) of this section
(or in §20.2031–7A). If Internal Revenue
Service Publication 1457 (or any other re-
liable source of term-of-years and life in-
terest actuarial factors) is not conveniently
available, an actuarial factor for the inter-
est may be derived mathematically. This
actuarial factor may be derived by sub-
tracting the correlative remainder factor
(that corresponds to the applicable section
7520 interest rate and the term of years or
the life) in Table B (for a term of years) in
paragraph (d)(6) of this section or in Table
S (for the life of one individual) in para-
graph (d)(7) of this section, as the case
may be, from 1.000000. For information
about obtaining actuarial factors for other
types of term-of-years and life interests,
see paragraph (d)(4) of this section.
(iv)Annuities. (A) If the interest to be
valued is the right of a person to receive
an annuity that is payable at the end of
each year for a term of years or for the
life of one individual, the present value
of the interest is computed by multiply-
ing the aggregate amount payable annually
by the appropriate annuity actuarial factor
(that corresponds to the applicable section
7520 interest rate and annuity period). In-
ternal Revenue Publication 1457 includes
actuarial factors for a remainder interest
in Table B (after an annuity payable for a
term of years) and in Table S (after an an-
nuity payable for the life of one individ-
ualwhenthevaluationdateisonoraf-
ter May 1, 2009). However, annuity ac-
tuarial factors are not included in Table B
in paragraph (d)(6) of this section or Ta-
ble S in paragraph (d)(7) of this section (or
in §20.2031–7A). If Internal Revenue Ser-
vice Publication 1457 (or any other reli-
able source of annuityactuarial factors) is
not conveniently available, a required an-
nuity factor for a term of years or for one
life may be mathematically derived. This
annuity factor may be derived by subtract-
ing the applicable remainder factor (that
corresponds to the applicable section 7520
interest rate and annuity period) in Table B
(in the case of a term-of-years annuity) in
paragraph (d)(6) of this section or in Table
S (in the case of a one-life annuity when
the valuation date is on or after May 1,
2009) in paragraph (d)(7) of this section, as
the case may be, from 1.000000 and then
dividing the result by the applicable sec-
tion 7520 interest rate expressed as a deci-
mal number.
(B) If the annuity is payable at the
end of semiannual, quarterly, monthly, or
weekly periods, the product obtained by
multiplying the annuity factor by the ag-
gregate amount payable annually is then
multiplied by the applicable adjustment
factor as contained in Table K in paragraph
(d)(6) of this section for payments made
at the end of the specified periods. The
provisions of this paragraph (d)(2)(iv)(B)
are illustrated by the following example:
Example. At the time of the decedent’s death, the
survivor/annuitant, age 72, is entitled to receive an
annuity of $15,000 a year for life payable in equal
monthly installments at the end of each period. The
section 7520 rate for the month in which the dece-
dent died is 5.6 percent. Under Table S in paragraph
(d)(7) of this section, the remainder factor at 5.6 per-
cent for an individual aged 72 is .53243. By convert-
ing the remainder factor to an annuity factor, as de-
scribed above, the annuity factor at 5.6 percent for an
individual aged 72 is 8.3495 (1.000000 minus .53243,
divided by .056). Under Table K in paragraph (d)(6)
of this section, the adjustment factor under the col-
umn for payments made at the end of each monthly
period at the rate of 5.6 percent is 1.0254. The ag-
gregate annual amount, $15,000, is multiplied by the
factor 8.3495 and the product is multiplied by 1.0254.
The present value of the annuity at the date of the
decedent’s death is, therefore, $128,423.66 ($15,000
x 8.3495 x 1.0254).
(C) If an annuity is payable at the be-
ginning of annual, semiannual, quarterly,
monthly, or weekly periods for a term of
years, the value of the annuity is com-
puted by multiplying the aggregate amount
payable annually by the annuity factor de-
scribed in paragraph (d)(2)(iv)(A) of this
section, and the product so obtained is then
multiplied by the adjustment factor in Ta-
ble J in paragraph (d)(6) of this section at
the appropriate interest rate component for
payments made at the beginning of spec-
ified periods. If an annuity is payable at
the beginning of annual, semiannual, quar-
terly, monthly, or weekly periods for one or
more lives, the value of the annuity is the
sum of the first payment plus the present
value of a similar annuity, the first payment
of which is not to be made until the end
of the payment period, determined as pro-
vided in this paragraph (d)(2)(iv).
(v)Annuity and unitrust interests for a
term of years or until the prior death of
an individual. See §25.2512–5(d)(2)(v) of
this chapter for examples explaining how
to compute the present value of an annuity
or unitrust interest that is payable until the
earlier of the lapse of a specific number of
years or the death of an individual.
(3)Transitional rule. (i) If a dece-
dent dies on or after May 1, 2009, and if
on May 1, 2009, the decedent was men-
tally incompetent so that the disposition
of the decedent’s property could not be
changed, and the decedent dies without
having regained competency to dispose of
the decedent’s property or dies within 90
days of the date on which the decedent
first regains competency, the fair market
value of annuities, life estates, terms for
years, remainders, and reversions included
in the gross estate of the decedent is their
present value determined either under this
section or under the corresponding section
applicable at the time the decedent became
mentally incompetent, at the option of the
decedent’s executor. For examples, see
§20.2031–7A(d).
(ii) If a decedent dies on or after May 1,
2009, and before July 1, 2009, the fair
market value of annuities, life estates,
remainders, and reversions based on one
or more measuring lives included in the
gross estate of the decedent is their present
value determined under this section by use
of the section 7520 interest rate for the
month in which the valuation date occurs
(see §§20.7520–1(b) and 20.7520–2(a)(2))
and the appropriate actuarial tables under
either paragraph (d)(7) of this section or
2011–38 I.R.B.379September 19, 2011

§20.2031–7A(f)(4), at the option of the
decedent’s executor.
(iii) For purposes of paragraphs
(d)(3)(i) and (d)(3)(ii) of this section,
where the decedent’s executor is given
the option to use the appropriate actuar-
ial tables under either paragraph (d)(7)
of this section or §20.2031–7A(f)(4), the
decedent’s executor must use the same
actuarial table with respect to each indi-
vidual transaction and with respect to all
transfers occurring on the valuation date.
For example, gift and income tax chari-
table deductions with respect to the same
transfer must be determined based on the
same tables, and all assets includible in the
gross estate and/or estate tax deductions
claimed must be valued based on the same
tables.
(4)Publications and actuarial compu-
tations by the Internal Revenue Service.
Many standard actuarial factors not in-
cluded in paragraph (d)(6) or (d)(7) of this
section are included in Internal Revenue
Service Publication 1457, “Actuarial Val-
uations Version 3A” (2009). Publication
1457 also includes examples that illustrate
how to compute many special factors for
more unusual situations. This publication
is available, at no charge, electronically
via the Internal Revenue Service Internet
site atwww.irs.gov. If a special factor is
required in the case of an actual decedent,
the Internal Revenue Service may furnish
the factor to the executor upon a request
for a ruling. The request for a ruling must
be accompanied by a recitation of the
facts including a statement of the date of
birth for each measuring life, the date of
the decedent’s death, any other applicable
dates, and a copy of the will, trust, or
other relevant documents. A request for a
ruling must comply with the instructions
for requesting a ruling published periodi-
cally in the Internal Revenue Bulletin (see
§§601.201 and 601.601(d)(2)(ii)(b)ofthis
chapter) and must include payment of the
required user fee.
(5)Examples. The provisions of this
section are illustrated by the following ex-
amples:
Example 1.Remainder payable at an individual’s
death. The decedent, or the decedent’s estate, was en-
titled to receive certain property worth$50,000 upon
the death of A, to whom the income was bequeathed
for life. At the time of the decedent’s death, A was
47yearsand5monthsold.Inthemonthinwhichthe
decedent died, the section 7520 rate was 6.2 percent.
Under Table S in paragraph (d)(7) of this section,
the remainder factor at 6.2 percent for determining
the present value of the remainder interest due at the
death of a person aged 47, the number of years nearest
A’s actual age at the decedent’s death, is .18672. The
present value of the remainder interest at the date of
the decedent’s death is, therefore, $9,336.00 ($50,000
X .18672).
Example 2. Income payable for an individual’s
life. A’s parent bequeathed an income interest in
property to A for life, with the remainder interest
passing to B at A’s death. At the time of the parent’s
death, the value of the property was $50,000 and A
was 30 years and 10 months old. The section 7520
rate at the time of the parent’s death was 6.2 percent.
Under Table S in paragraph (d)(7) of this section,
the remainder factor at 6.2 percent for determining
the present value of the remainder interest due at
the death of a person aged 31, the number of years
closest to A’s age at the decedent’s death, is .08697.
Converting this remainder factor to an income factor,
as described in paragraph (d)(2)(iii) of this section,
the factor for determining the present value of an
income interest for the life of a person aged 31 is
.91303. The present value of A’s interest at the
time of the parent’s death is, therefore, $45,651.50
($50,000 X .91303).
Example 3. Annuity payable for an individual’s
life. A purchased an annuity for the benefit of both
A and B. Under the terms of the annuity contract,
at A’s death, a survivor annuity of $10,000 per year
payable in equal semiannual installments made at the
end of each interval is payable to B for life. At A’s
death, B was 45 years and 7 months old. Also, at A’s
death, the section 7520 rate was 4.8 percent. Under
Table S in paragraph (d)(7) of this section, the fac-
tor at 4.8 percent for determining the present value of
the remainder interest at the death of a person age 46
(the number of years nearest B’s actual age) is .24774.
By converting the factor to an annuity factor, as de-
scribed in paragraph (d)(2)(iv)(A) of this section, the
factor for the present value of an annuity payable un-
til the death of a person age 46 is 15.6721 (1.000000
minus .24774, divided by .048). The adjustment fac-
tor from Table K in paragraph (d)(6) of this section
at an interest rate of 4.8 percent for semiannual annu-
ity payments made at the end of the period is 1.0119.
The present value of the annuity at the date of A’s
death is, therefore, $158,585.98 ($10,000 X 15.6721
X 1.0119).
Example 4.Annuity payable for a term of years.
The decedent, or the decedent’s estate, was entitled
to receive an annuity of $10,000 per year payable in
equal quarterly installments at the end of each quarter
throughout a term certain. At the time of the dece-
dent’s death, the section 7520 rate was 9.8 percent. A
quarterly payment had been made immediately prior
to the decedent’s death and payments were to con-
tinue for 5 more years. Under Table B in paragraph
(d)(6) of this section for the interest rate of 9.8 per-
cent, the factor for the present value of a remainder
interest due after a term of 5 years is .626597. Con-
verting the factor to an annuity factor, as described
in paragraph (d)(2)(iv)(A) of this section, the factor
for the present value of an annuity for a term of 5
years is 3.8102 (1.000000 minus .626597, divided by
.098). The adjustment factor from Table K in para-
graph (d)(6) of this section at an interest rate of 9.8
percent for quarterly annuity payments made at the
end of the period is 1.0360. The present value of the
annuity is, therefore, $39,473.67 ($10,000 X 3.8102
X 1.0360).
*****
(7)Actuarial Table S and Table
2000CM where the valuation date is on or
after May 1, 2009. Except as provided in
§20.7520–2(b) (pertaining to certain lim-
itations on the use of prescribed tables),
for determination of the present value of
an interest that is dependent on the ter-
mination of a life interest, Table 2000CM
and Table S (single life remainder factors
applicable where thevaluation date is on
or after May 1, 2009) contained in this
paragraph (d)(7) and Table J and Table K
contained in paragraph (d)(6) of this sec-
tion, must be used in the application of the
provisions of this section when the section
7520 interest rate component is between
0.2 and 14 percent.
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
0
.85816.73751
.63478
.54723.47252
.40872
.35416
.30747
.26745
.23313
1
.85889
.73863.63604
.54844.47355
.40948
.35459.30752
.26711.23239
2
.86054.74145
.63968
.55260
.47802.41409
.35922
.31209
.27155
.23664
3.86221.74433.64339
.55687
.48263.41887.36404
.31685
.27619.24112
September 19, 20113802011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
4.86390
.74725
.64716
.56121
.48733.42374.36898
.32175
.28098
.24575
5.86560.75018.65097.56561
.49209.42871.37401
.32675.28588.25050
6.86731
.75314.65482.57006
.49692
.43375
.37913.33186.29090
.25538
7.86902
.75611.65868.57454.50180.43885
.38432.33704.29601
.26035
8.87073
.75909.66258.57907.50674
.44403.38960.34233.30122
.26544
9.87246.76209
.66651.58364.51173
.44928.39497.34771
.30654
.27064
10.87419
.76511
.67046
.58826.51679.45459
.40042
.35319
.31197
.27596
11
.87592
.76814
.67445.59291.52190.45998.40596.35876.31750
.28139
12.87766.77119
.67845.59761.52706.46544.41157
.36443.32313.28693
13.87939.77424.68247.60232
.53225
.47094.41723
.37015
.32884
.29255
14.88112.77728.68649.60704
.53746
.47646.42293
.37592
.33460.29823
15
.88284.78031
.69050
.61176
.54267
.48199
.42865
.38172.34038.30394
16
.88455
.78333.69449.61647
.54788.48752
.43437
.38752
.34619.30968
17
.88625
.78633.69848.62117
.55309
.49307.44012.39336
.35203.31546
18
.88795
.78933.70246
.62588.55830
.49863
.44589
.39923
.35791
.32129
19.88964.79232.70644
.63059.56354.50422.45170.40514.36385
.32719
20.89132
.79532
.71044
.63534.56882.50987.45757
.41114.36987.33317
21.89301.79832
.71445
.64010
.57413.51555.46350
.41719
.37597.33925
22.89470.80133.71847.64488
.57947.52129
.46948.42332.38216
.34541
23.89639.80434
.72251
.64970
.58486.52708.47554.42954
.38844
.35168
24.89808.80737
.72658.65456.59031.53295
.48169
.43586
.39484
.35809
25
.89978.81042.73068
.65947.59583.53890.48795
.44230.40137.36464
26.90149.81349.73482.66443.60141
.54494
.49430.44886.40804.37134
27.90320
.81657
.73899.66944.60707
.55107.50076.45554
.41484.37819
28.90492.81968.74319
.67450
.61278
.55728.50733
.46233.42178
.38520
29
.90665
.82279.74741.67960
.61856.56356.51398
.46924.42884.39233
30.90837
.82591.75165
.68473.62438
.56990.52070
.47623.43601
.39959
31.91010.82904
.75592
.68989.63024
.57631.52751
.48333.44329.40698
32.91182.83218.76020
.69509
.63616
.58278.53440.49052.45068
.41449
33
.91355.83532
.76449.70031.64212
.58931.54137
.49780
.45818
.42213
34
.91527
.83847.76880
.70556
.64811
.59589.54839.50516.46578
.42988
35
.91700.84162.77312.71082
.65414.60253.55549.51261
.47347.43774
36.91872.84477.77744.71611.66021.60921
.56266.52014
.48127
.44572
37.92043.84792.78178.72142.66631
.61594.56989.52774
.48916
.45381
38
.92215.85107
.78613
.72675
.67244.62272
.57718.53544.49715
.46201
39.92386
.85422
.79048.73210.67860
.62955.58453.54320.50523
.47032
40
.92557.85736
.79483.73746.68479.63641
.59194.55104.51340
.47873
41.92727
.86050
.79918.74283.69100.64331
.59940.55894.52165
.48724
42.92896.86364
.80354
.74820.69723
.65024
.60690
.56691.52998.49585
43
.93065
.86677.80789
.75359
.70348
.65721
.61447
.57495.53840.50457
44.93234.86990
.81225.75899
.70976.66422.62208
.58305.54690.51338
45
.93402.87302.81660.76439
.71605.67125
.62973
.59122.55547.52228
46
.93569
.87613
.82095
.76980.72236.67832.63743
.59945.56413.53129
47
.93735
.87924
.82530.77521
.72867
.68541.64517
.60773
.57286.54037
48.93901.88233.82964.78062
.73501.69253.65295
.61606
.58166.54955
49
.94065.88541
.83397.78604
.74135
.69967.66077.62446
.59053.55882
2011–38 I.R.B.381September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
50
.94229.88849.83830
.79145
.74771.70684.66864.63292
.59949.56819
51
.94393
.89156
.84263.79688
.75409
.71404
.67655
.64143
.60852.57766
52.94556
.89462
.84695
.80230.76048.72127
.68450.65001
.61763
.58722
53
.94717.89767
.85126
.80772.76687
.72852
.69249
.65863
.62680
.59687
54
.94878.90070
.85555
.81313.77326
.73577.70050
.66730.63603
.60658
55.95037
.90371
.85983.81853
.77964.74302
.70851.67598.64530.61635
56.95195
.90670.86406.82388
.78599.75024.71651.68465.65457
.62613
57.95351.90965
.86827.82920.79230
.75744
.72448.69332.66384
.63593
58.95505.91257
.87243.83447
.79857.76459
.73242
.70195
.67309
.64573
59.95657.91546.87655
.83970.80479.77170.74033
.71057
.68233
.65553
60
.95807
.91832.88064.84490.81098.77879.74822.71918
.69158.66534
61
.95955.92115
.88469
.85005
.81713
.78584.75608
.72776.70081
.67515
62.96101
.92395
.88869
.85515
.82323.79283.76388.73630.71001.68494
63
.96245
.92670
.89265
.86020.82926.79977.77164.74479.71917.69470
64.96387.92942
.89655.86518.83524.80665
.77933
.75323
.72828.70443
65.96527
.93210.90040.87011.84116.81346.78697.76162
.73735
.71411
66
.96665
.93476.90423
.87502
.84706.82027.79461.77002
.74645.72385
67.96802.93739.90803.87990
.85292.82705
.80223.77841
.75554.73359
68.96937.93999.91179.88472
.85874
.83378.80980.78676.76461.74331
69.97070
.94255.91549
.88949.86449.84044.81731
.79504
.77362
.75299
70.97200
.94506
.91914.89419.87016.84702.82473.80326
.78256
.76260
71.97328
.94754
.92273.89882
.87577.85353
.83209.81140.79143
.77215
72
.97453
.94997.92626.90338.88129
.85996.83935.81945
.80021.78162
73
.97576.95234
.92972
.90785
.88671.86627
.84651
.82739.80888.79098
74
.97695.95466
.93310.91223.89202.87247
.85353.83518
.81741.80019
75
.97811
.95692
.93638.91649.89720
.87851
.86039.84281
.82577
.80923
76.97924
.95910.93957
.92063.90224.88440.86708
.85026
.83393.81807
77.98033.96122.94267
.92465.90715
.89013.87360
.85753
.84191.82671
78.98138.96327
.94567.92855
.91190
.89571.87995
.86461.84968
.83515
79.98239
.96526.94857
.93233
.91652
.90112.88611.87149
.85725
.84337
80.98337.96717
.95138.93598
.92098
.90635
.89208.87817.86460
.85135
81.98431.96901
.95408.93951.92529
.91141.89786.88463.87172
.85910
82
.98521
.97077
.95667
.94290.92944.91629.90344.89088.87861.86660
83.98608.97247
.95917
.94616.93343.92099.90882.89691
.88526.87385
84.98691.97409
.96156
.94928.93727
.92551
.91399.90271.89166.88084
85
.98770
.97565
.96384
.95228
.94094.92984
.91895
.90828.89782
.88757
86
.98845
.97713.96602
.95514
.94446.93398.92371.91362.90373.89402
87.98917
.97854
.96810
.95786
.94781.93794
.92825
.91873.90939.90021
88
.98985
.97988.97008.96046
.95100
.94171
.93258
.92361.91479.90612
89.99049
.98115
.97196.96292
.95404.94530
.93671.92826.91994.91176
90.99110
.98235
.97373
.96526.95691
.94871.94062.93267.92484.91713
91.99168.98348
.97541
.96747
.95964.95193
.94434.93686.92949.92223
92.99222
.98455
.97700
.96955
.96222
.95498.94785
.94083.93390.92707
93.99273
.98556
.97849
.97152
.96464
.95786.95117.94457
.93806.93163
94.99321
.98651
.97989.97337.96692
.96057.95429
.94810.94199
.93595
95
.99366.98739.98121
.97510
.96907.96312
.95724.95143.94569
.94002
96.99408.98822.98244.97673.97108
.96551.95999.95454
.94916.94384
September 19, 20113822011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE0.2%0.4%0.6%0.8%1.0%1.2%1.4%1.6%1.8%2.0%
97.99447.98900
.98359.97825
.97297.96774
.96258.95747.95242
.94742
98.99483.98973.98467.97967.97473.96984
.96500
.96021
.95547.95078
99
.99518
.99040
.98568
.98101.97638.97180.96727.96278
.95834.95394
100
.99549
.99103.98661.98224.97791.97362.96937
.96516
.96100
.95687
101
.99579
.99162
.98750
.98340
.97935.97534
.97136.96742
.96351.95964
102.99607.99217.98831.98448.98068.97692.97319
.96950.96583
.96220
103.99634.99271.98911
.98553
.98199.97848
.97500.97155
.96812.96473
104
.99659
.99320.98984
.98651
.98320.97992.97666.97344.97023
.96705
105
.99683.99369
.99056
.98747.98439.98134.97830
.97530
.97231.96934
106.99713.99429.99146
.98865.98586
.98309.98033.97760.97488.97218
107.99747.99496.99246.98998
.98751.98506
.98262.98020.97779
.97539
108.99800.99602.99404.99208.99012.98818.98624.98431.98240.98049
109.99900.99801.99702.99603
.99505
.99407.99310.99213.99116.99020
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
0
.20365
.17830
.15648
.13767.12144.10741
.09528
.08476
.07564
.06772
1
.20251
.17677
.15458.13542.11885.10451
.09209.08131.07194.06379
2
.20656
.18060
.15817
.13877.12197.10740.09476.08376.07420
.06586
3.21084.18466.16200.14236
.12533.11054
.09767.08647.07670.06817
4
.21527
.18888.16600.14613.12887
.11385
.10076
.08935
.07938.07066
5
.21984.19324.17013
.15004.13255
.11730.10399.09237.08220.07329
6
.22454
.19773.17440
.15408
.13636.12089.10736
.09553.08515.07605
7.22933.20233.17879
.15824
.14030.12460
.11085
.09880.08822.07892
8
.23425.20705
.18330
.16254
.14436.12844.11447.10221.09142.08193
9.23930.21191
.18795
.16697
.14857
.13243.11824
.10576
.09476
.08507
10.24446.21689.19273
.17153.15292.13655
.12214
.10945
.09824
.08835
11
.24975
.22200.19764.17623
.15740
.14081.12619.11328.10187.09177
12
.25515
.22724.20268.18107.16202
.14521
.13037.11724
.10563.09533
13.26064
.23256
.20782.18600.16674.14972.13466.12132.10949.09900
14.26620.23796.21303.19101
.17154.15430
.13903
.12547
.11344.10273
15
.27179.24340.21829.19607.17639
.15894
.14344.12968.11743
.10652
16.27742.24887
.22358
.20117.18128.16361.14790.13391
.12145
.11034
17.28309
.25439
.22893.20632.18622.16834
.15241
.13821
.12554
.11421
18.28881
.25997
.23434
.21154
.19123.17314
.15699.14258
.12969
.11815
19.29461
.26563
.23983.21684.19633.17803.16167.14703.13393.12218
20
.30050
.27139
.24543
.22226
.20156
.18304.16646
.15161
.13829.12633
21.30649.27726
.25114
.22779.20689.18817.17138
.15631
.14277.13060
22
.31259
.28323
.25697
.23344
.21235
.19342.17642.16114.14739
.13500
23.31879.28934.26293.23923
.21795
.19882.18161.16612
.15215.13955
24
.32515.29559
.26904
.24519
.22372.20440.18699.17128
.15710
.14429
25
.33166.30201
.27534.25133
.22969.21018
.19256.17665
.16226.14924
2011–38 I.R.B.383September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
26.33833.30861.28182
.25767.23586
.21616
.19835
.18224.16764
.15440
27
.34517.31538
.28849.26420.24224.22236.20436.18804.17324
.15980
28
.35217
.32233
.29535
.27093.24882.22877
.21058
.19407.17907
.16542
29
.35932
.32944.30237.27784
.25558.23537
.21701.20031
.18511
.17126
30.36661.33670
.30956
.28492
.26253
.24216.22362.20674
.19135
.17730
31.37403.34411.31691.29217
.26965
.24914.23044.21338.19779
.18355
32.38160
.35167
.32442.29960.27697
.25631.23745
.22022
.20445
.19002
33.38930
.35939
.33211.30721.28447.26368.24467.22727.21133.19671
34.39713.36724.33993.31497.29213.27123
.25207.23451
.21839.20360
35.40509.37523
.34792.32290.29998.27896
.25967.24195.22567
.21070
36.41318.38337
.35606
.33100.30800.28688.26746.24961.23317.21803
37.42139
.39165.36435
.33927.31621.29499
.27546.25746
.24087
.22557
38.42974.40008.37281.34771.32460.30330.28366
.26554
.24880.23334
39.43821.40864.38141
.35631
.33316.31179
.29205
.27381
.25694
.24133
40.44679.41734.39016
.36507
.34189.32046.30064.28229
.26529.24954
41
.45549
.42616.39906.37399
.35080
.32932.30942.29097.27386
.25797
42.46430
.43511
.40809.38307
.35987
.33836.31840.29986.28264.26662
43.47324.44421.41729.39232.36913.34760
.32758
.30897
.29165.27552
44.48229
.45343
.42663.40172
.37857.35702
.33697.31829.30088
.28465
45
.49144.46277.43611.41128.38817.36663
.34655
.32782.31033.29400
46
.50072.47225.44574
.42101.39796.37644
.35634.33757
.32002.30360
47
.51009.48185.45550
.43089.40791.38642.36633
.34753
.32992.31343
48
.51958.49158.46540
.44093.41803.39660
.37652.35770
.34006
.32351
49
.52917.50143.47545.45113
.42833.40696.38691.36810
.35043
.33383
50.53888.51141.48566.46150
.43883
.41754.39754
.37874.36106.34442
51.54871.52153
.49602.47204
.44951
.42832.40838.38961.37194
.35528
52.55865.53179.50653
.48276.46038.43931
.41945
.40073.38307.36641
53.56869.54217.51718
.49363.47143
.45050
.43074.41208.39446.37781
54.57882.55265.52796.50465.48265
.46186.44222.42364.40607
.38945
55.58902.56322.53884.51579
.49400.47338
.45387.43540
.41789.40131
56.59926.57383.54978.52701.50544.48501.46565
.44729.42987
.41335
57.60951.58449.56078.53830.51698.49675.47755.45932
.44201
.42555
58
.61978
.59517.57182.54964.52858.50858.48956
.47147
.45427
.43790
59
.63007
.60589.58290.56105.54027.52050.50167.48375
.46668
.45041
60.64039
.61665.59405.57254.55205.53253.51392
.49617
.47925
.46310
61
.65072
.62743
.60524.58409.56390.54465.52627.50872
.49196
.47595
62.66104.63822
.61645.59566.57581.55683.53870.52136.50478
.48892
63.67133.64900.62766.60726
.58774.56907.55120.53409.51770.50200
64.68161
.65977
.63887.61887
.59970.58134.56375.54688.53071.51519
65
.69186
.67053.65009
.63049.61170
.59367.57637.55976.54381.52849
66.70216.68136.66140.64223.62383
.60615.58916.57283.55713.54203
67
.71250
.69224.67277
.65405.63605
.61874.60208
.58605.57062.55575
68.72283.70312.68416
.66590
.64833.63140
.61509.59938.58423.56963
69.73312.71398
.69553
.67776.66062.64409
.62815
.61277
.59793.58360
70
.74335
.72479.70688
.68959
.67291
.65680
.64124.62621.61168
.59764
71
.75353.73556
.71819.70141
.68519.66951.65434
.63968
.62549
.61176
72.76364.74626
.72945
.71318.69744.68220
.66745.65317
.63933
.62593
September 19, 20113842011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE2.2%2.4%2.6%2.8%3.0%3.2%3.4%3.6%3.8%4.0%
73
.77365.75686
.74061.72487.70962.69484
.68051
.66662
.65315
.64009
74
.78350
.76733
.75164
.73643.72167
.70735
.69346.67997.66688
.65417
75
.79318.77761.76249.74781
.73355
.71971
.70625
.69318.68048.66813
76.80266.78769.77314
.75899.74524
.73187.71886.70621.69390.68192
77.81194
.79756.78358
.76997
.75672
.74382.73127.71904.70713
.69553
78.82100.80722.79380.78072.76798
.75556
.74346.73166.72016.70894
79.82984.81664.80378.79124.77900.76706
.75542.74405
.73296.72213
80.83843
.82582.81351
.80149.78976.77830.76711
.75618.74550.73507
81.84678.83474.82298.81148
.80025
.78927
.77853
.76803
.75777
.74773
82
.85487
.84339.83217.82119
.81045
.79994.78966
.77959
.76974.76009
83.86269
.85177
.84107.83060
.82035
.81030.80047.79083.78139.77214
84.87024
.85986
.84968.83970.82993
.82035.81095
.80174.79271
.78385
85.87751.86765.85798
.84849.83919
.83005
.82110.81230.80368
.79521
86
.88450.87515.86597.85696
.84811.83942.83089
.82251
.81428.80619
87.89119.88234.87363
.86508.85668
.84843.84031.83234
.82450
.81679
88.89760.88922.88099.87289.86492
.85708
.84938.84180.83434.82700
89.90372
.89580
.88801.88034.87280
.86537.85806.85087
.84378.83681
90
.90954
.90207.89471.88746.88032.87329.86637
.85954.85282
.84620
91
.91508
.90803.90109.89424
.88750.88085
.87429.86783.86146
.85518
92.92033.91369.90714.90068.89432.88803.88184
.87572
.86969.86374
93
.92530
.91904.91287.90678.90078.89484.88899.88321
.87751
.87188
94.92999.92411.91830
.91256
.90690.90130
.89578
.89032.88493.87961
95
.93442.92889.92342.91802.91269.90741.90220.89706.89197.88694
96
.93858
.93338.92824.92316.91813.91316
.90825
.90340
.89859.89385
97.94248
.93759
.93276.92798
.92325.91857.91395
.90937.90484.90036
98.94614
.94155
.93701
.93252
.92807.92367.91931
.91500
.91073
.90650
99
.94959.94528
.94101.93679.93260.92846.92436.92030.91628.91229
100
.95278
.94874.94473
.94075
.93682.93292.92906
.92523
.92144.91769
101
.95581.95201
.94824
.94451
.94081
.93715.93352
.92992
.92635
.92281
102
.95860.95503.95149
.94798
.94450.94105
.93763.93424.93088
.92754
103.96136
.95802.95470.95142
.94816.94492.94171
.93853.93538
.93224
104.96390.96077
.95766.95458.95152
.94848
.94547
.94248
.93951.93657
105
.96640.96347
.96057.95769.95483.95199
.94917.94637
.94359
.94083
106
.96950
.96684.96420
.96157.95896.95636.95379.95123
.94868.94616
107.97301.97064.96829
.96595
.96362.96131
.95901.95672.95445.95219
108
.97859
.97670.97482
.97295
.97109.96923.96739
.96555
.96373.96191
109.98924.98828.98733.98638
.98544.98450.98356
.98263.98170.98077
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
0.06083
.05483.04959.04501
.04101.03749.03441.03170.02931.02721
1
.05668.05049.04507
.04034.03618
.03254
.02934
.02652
.02403.02183
2011–38 I.R.B.385September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
2
.05858.05222.04665
.04178
.03750
.03373.03042
.02750
.02492.02264
3.06072
.05420
.04848.04346.03904
.03516
.03173.02871.02603.02366
4.06303
.05634.05046.04530.04075
.03674.03319.03006.02729.02483
5.06547.05861.05258
.04726
.04258
.03844.03478
.03153
.02866.02610
6
.06805
.06102
.05482.04935.04453
.04026.03647.03312.03014.02749
7.07074
.06353.05717.05155.04658
.04217.03826.03479.03171
.02895
8
.07356
.06617
.05964.05386.04875
.04421.04017
.03658
.03338
.03053
9
.07651.06895.06225.05631.05105
.04637.04220.03849
.03518
.03222
10.07960
.07185
.06499
.05889.05347.04865.04435.04052
.03709.03402
11.08283.07490.06786.06160
.05603.05106
.04663.04267.03912
.03594
12.08620.07808.07087.06444
.05871.05360
.04903.04494.04127.03798
13.08967.08137.07397.06738.06149
.05623.05152
.04729
.04351
.04010
14.09321.08472
.07715
.07038.06433
.05892.05406
.04971
.04579
.04227
15
.09680.08812.08036.07342.06721.06164
.05664.05214
.04810
.04445
16.10041
.09154
.08360.07649.07011.06438
.05923.05459.05041
.04664
17.10409
.09502
.08689.07960
.07305
.06716
.06185.05707.05276
.04886
18.10782
.09855
.09024.08276.07604.06998
.06452.05959.05514.05111
19.11164.10217.09366.08600.07910.07288.06726.06218
.05758.05341
20
.11559.10592
.09721.08937.08228
.07589
.07010.06487.06012
.05582
21
.11965
.10977.10087.09283
.08557
.07900
.07305.06765
.06276
.05831
22.12383.11376
.10465
.09642.08897.08223.07610
.07055.06550
.06090
23.12817.11789
.10859
.10016
.09252.08559
.07930
.07358
.06837.06363
24.13270.12221.11270.10408
.09625
.08914.08267.07678.07141
.06651
25
.13744.12674.11703.10821.10019.09289
.08625
.08018
.07465
.06960
26.14239.13149
.12158.11256.10435
.09686.09003.08380.07810.07288
27
.14758
.13647.12636.11714.10873.10106
.09405
.08764.08177.07639
28
.15300
.14169.13137
.12195.11335.10549
.09829.09171
.08567
.08012
29
.15864
.14712.13660.12698.11819.11013
.10275.09598
.08977.08406
30.16448
.15275
.14203.13222.12323.11498.10742.10047.09408.08820
31
.17053.15861
.14769.13768.12849.12006.11230
.10517
.09860
.09255
32.17680.16468
.15357
.14336.13398
.12535
.11741.11009
.10335
.09712
33.18330.17099
.15968
.14927.13970.13088
.12275.11525
.10832.10192
34.19000
.17750.16599.15539.14562
.13661.12829.12061
.11350
.10693
35
.19692.18423
.17253
.16174
.15178.14258
.13408.12621.11892.11217
36.20407.19119.17931.16833
.15818
.14879.14009.13204
.12457
.11764
37.21144.19838.18631
.17515
.16481
.15523.14635
.13811.13046
.12335
38.21904
.20582.19357
.18222.17170.16193
.15287
.14444.13661.12932
39.22687.21348
.20105.18952
.17882.16887
.15962.15102
.14300
.13554
40.23493.22137.20878.19707.18619.17606.16663
.15784.14965
.14201
41.24322
.22950
.21674.20487.19381
.18350
.17390.16493
.15656
.14873
42
.25173
.23786.22494.21290.20168.19120.18141.17227.16372
.15572
43.26049.24648.23342.22122.20982.19918.18922.17990.17118.16301
44
.26950.25535
.24214.22979.21824.20742.19730.18781.17892
.17057
45
.27874.26447
.25112
.23862.22692
.21595.20566
.19600.18694.17843
46.28824
.27385
.26038.24774
.23589
.22476.21431
.20450.19527.18659
47.29798.28349.26989
.25712.24513
.23386.22326.21328.20390
.19505
48.30797.29338.27967.26678
.25466.24325.23250
.22238.21283.20383
September 19, 20113862011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
49.31822
.30355
.28974.27674.26449
.25294
.24206.23179.22210.21294
50
.32876.31401.30011.28701
.27465
.26298
.25196.24156
.23172.22242
51.33958
.32477.31079
.29759.28513.27335
.26221
.25168
.24170.23226
52.35068.33582
.32178
.30851.29595
.28407.27282.26216
.25206
.24249
53
.36206.34717.33308.31974.30710
.29513
.28378.27301.26279
.25309
54
.37371
.35880
.34467.33127
.31857.30651.29507
.28420.27388.26406
55.38559
.37067
.35652
.34308.33032.31820.30668
.29572.28529.27537
56.39765.38275.36859.35512
.34232.33014
.31855.30751
.29699.28697
57
.40990
.39502
.38086.36739
.35455
.34233.33068
.31957
.30898.29887
58
.42231.40747.39333
.37985
.36700
.35474
.34304.33188.32121.31103
59
.43490.42011.40600
.39253
.37968.36740
.35567
.34446.33374.32348
60.44768.43296.41890
.40546
.39261.38033
.36858.35733.34656.33625
61.46064.44600.43200.41860
.40578.39351.38175
.37048
.35968
.34933
62.47373
.45920.44527
.43194
.41915
.40690
.39514
.38387
.37305
.36267
63.48696
.47253.45870.44544
.43271.42049.40876.39749.38666
.37625
64
.50030
.48601.47229
.45911.44645
.43428
.42258
.41133
.40051
.39010
65.51377
.49963.48603
.47295
.46037.44827.43662
.42540
.41460.40420
66
.52750.51352.50007
.48711.47464.46262
.45103
.43987.42911.41872
67
.54144.52765.51436.50154
.48919.47727
.46578.45468
.44397.43363
68
.55554.54196.52885.51619.50398
.49218.48079.46978
.45915
.44887
69
.56976.55640.54349.53102.51896.50731
.49603
.48513.47458
.46438
70
.58407.57095.55826.54598.53410.52260.51147.50069.49025
.48013
71
.59848.58561.57316.56109.54940.53808.52710.51646.50615
.49614
72.61294
.60035.58815.57632.56484.55371.54291.53243.52225.51237
73.62741
.61512
.60318
.59160.58035.56943.55882.54851.53849.52876
74.64183.62983.61818.60686
.59586.58516.57476.56464.55480.54523
75.65612
.64444.63309.62204.61129.60083
.59065.58074.57109.56169
76.67026
.65891
.64786.63710.62661.61640.60646
.59676.58731.57810
77.68423.67321.66248
.65201
.64181.63186
.62215
.61269
.60345.59444
78.69800.68733.67692.66676
.65684
.64717.63772.62849.61948.61068
79
.71156
.70124.69116.68132.67170.66230
.65312
.64414
.63537
.62680
80.72487.71490
.70516.69563
.68632.67721.66830
.65959.65106
.64272
81.73791.72830.71890.70970.70069.69188
.68325
.67481
.66654.65844
82
.75065
.74140
.73235
.72348.71479.70628.69794.68977.68176.67391
83.76308
.75419.74548.73695.72858
.72037.71232.70443.69669.68909
84
.77516
.76664
.75828.75008
.74203.73413.72638.71877.71130.70396
85
.78689.77873.77072
.76285.75512.74753
.74008
.73275.72556
.71849
86
.79825
.79044.78278
.77524
.76783
.76055.75340
.74636.73944.73264
87.80921.80176.79443.78722.78014.77316.76630
.75956.75292
.74638
88.81978.81268
.80569
.79880.79203
.78536
.77880.77234
.76598.75971
89.82994.82317
.81651.80995
.80349.79712
.79085
.78467
.77859.77259
90.83967.83324.82690
.82065.81450
.80843.80244
.79655
.79073
.78500
91.84898.84288
.83685
.83091
.82505
.81928
.81358.80795
.80241.79693
92
.85787.85208
.84636.84072
.83515
.82966.82423.81888.81360.80838
93.86632.86083
.85541.85006
.84477
.83955
.83440.82931.82428.81931
94
.87435.86915
.86402
.85894.85393
.84898.84409
.83925
.83447
.82975
2011–38 I.R.B.387September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE4.2%4.4%4.6%4.8%5.0%5.2%5.4%5.6%5.8%6.0%
95
.88197
.87705
.87219.86739
.86265.85795.85331
.84872.84419.83970
96
.88915.88451
.87991
.87537
.87088.86643.86203
.85768.85338
.84912
97
.89593.89154
.88720.88290
.87865
.87444.87028.86616.86208
.85804
98.90232.89818.89408.89002.88600.88202.87808.87418.87031.86649
99
.90835
.90444
.90057
.89674.89294.88918
.88546
.88177.87811.87449
100.91397.91028.90663.90301.89942
.89587
.89234
.88885.88539
.88196
101.91930
.91583
.91238.90897
.90558
.90223.89890
.89560
.89233.88908
102.92424.92096.91771.91448.91128.90811.90496.90184
.89875.89568
103.92914
.92605
.92300.91996
.91695
.91397.91100.90806
.90514.90225
104.93364.93074.92786
.92501
.92217
.91935.91656
.91379.91103.90830
105
.93809
.93537
.93266.92998.92731.92467.92204.91943.91683.91426
106
.94365.94115
.93867.93621.93376.93133.92892
.92651
.92413.92176
107.94994.94771
.94549
.94328.94108.93890.93673
.93457
.93242.93028
108.96010
.95830.95651.95472.95295.95118
.94942.94767
.94593
.94420
109
.97985
.97893.97801.97710.97619
.97529
.97438.97348
.97259
.97170
Table S
Base
d on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Int
erest Rate
AGE6.2
%
6.4
%
6.6
%
6.8
%
7.0
%
7.2
%
7.4
%
7.6
%
7.8
%
8.0
%
0
.02534
.02
370
.02
223
.02
093
.01
978
.01
874
.01
782
.01
699
.01625.01559
1.01989.01817.01664
.01528
.01406.01298.01202
.01115
.01037.00967
2.02061.01882.01722
.0
1580
.0
1454
.01340.01239.01148.01066.00993
3
.02156
.0
1969
.0
1802
.01654.01521
.0
1403
.0
1297
.0
1201
.01115
.0
1038
4.02264.02069.01896.01741.01602.01478.01367.01267.01176
.01095
5
.
02383
.
02180
.
01999
.
01838
.
01693
.01563
.
01446
.
01341
.
01246
.
01161
6
.02512
.02301.02113.01944.01793
.01657.01535
.01424
.01325.01235
7
.
02650
.02430.02234
.
02058
.01900
.
01758
.01630
.
01514
.01410
.
01315
8.
02798
.02570.02365
.
02182
.
02017
.
01868
.
01734
.
01613
.01503
.
01404
9
.02957
.02720
.02507
.02316.02143.01988.01848.01721.01606
.01502
10.03128.02881
.02659
.02460.02280.02118.01971.01838.01718.01608
11.03309
.03053
.02823
.02615
.02428
.02258.02105
.01966.01839
.01725
12
.03503
.03237.02997.02781
.02585
.02408.02248.02103.01971
.01850
13.03704.03428.03179
.02954.02750.02565
.02398.02246.02108.01982
14.03909.03623.03364.03130.02918.02726
.02551
.02392.02248.02116
15
.04117.03820
.03551
.03308.03087.02886.02704
.02538
.02387.02249
16.04324.04016.03737.03484
.03254
.03046
.02855
.02682
.02524
.02379
17
.04533
.04214.03924.03661.03422
.03205
.03007.02826.02661
.02509
18.04746
.04415
.04114.03841
.03592
.03366
.03159
.02970.02798.02639
19.04963.04620.04309
.04025
.03766
.03530.03315
.03117.02937.02772
20
.05191.04835.04512
.04217.03948.03702.03478.03272.03083.02910
21
.05427.05058
.04723.04416.04137.03881.03647.03432
.03235.03054
22
.05672.05291
.04943
.04625
.04334.04067.03823
.03599
.03394
.03205
23
.05930.05535.05174
.04844
.04542.04265
.04010.03777
.03562
.03364
24.06204
.05795.05421.05078
.04764.04476.04211.03967.03743
.03536
September 19, 20113882011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
25
.06497.06074
.05687.05331.05005.04705
.04429.04174.03940.03724
26.06811.06373
.05972.05603.05264.04952.04665
.04400
.04155
.03929
27.07146.06694.06278
.05895.05543.05219
.04920.04644.04389
.04153
28
.07503
.07036
.06605
.06209
.05844.05507.05196
.04908.04642.04396
29.07881.07398
.06953.06542
.06163
.05814.05490.05191
.04913
.04656
30.08279.07780.07319.06894
.06502
.06138
.05802.05491.05202
.04933
31.08697.08182.07707.07267.06860.06483.06134
.05810.05509.05229
32.09137.08606
.08115
.07660.07239.06848
.06485
.06148
.05835.05543
33.09601
.09053.08546.08075
.07639.07234
.06858.06508
.06182
.05878
34.10084
.09520
.08996
.08511.08059
.07640.07249.06886
.06547
.06231
35.10590
.10009.09470.08968
.08501
.08067.07662
.07285
.06933
.06605
36.11120
.10522
.09966.09448.08966
.08517
.08098.07706.07341.06999
37.11674
.11059
.10486
.09952.09454
.08990
.08556.08150
.07771.07416
38
.12254
.11621.11032.10481.09968.09487.09039.08618
.08225.07856
39
.12857
.12208.11601
.11035.10505
.10009
.09545
.09110.08702.08320
40.13487.12820.12196.11613.11067
.10555
.10076.09626.09204.08807
41.14142
.13458
.12817.12217
.11655
.11127.10632.10167.09730.09319
42.14823.14122.13464.12848.12269
.11725
.11214.10734.10282
.09856
43
.15535
.14816.14141
.13508
.12913
.12353
.11826.11330.10863.10422
44.16274
.15538
.14847.14196
.13585
.13008.12466
.11954
.11472.11016
45
.17042.16290
.15581
.14914.14286.13694
.13135
.12608.12110.11640
46.17842.17073.16348
.15664.15020
.14411.13836.13293.12780.12294
47.18672.17886
.17145.16445.15784.15159.14568
.14010.13481.12980
48
.19534
.18732.17974
.17258.16581.15940.15334.14759.14215
.13699
49.20429.19612.18838.18106.17413
.16757
.16134
.15544
.14984
.14453
50
.21362
.20529
.19740.18993.18284.17612.16974.16368
.15793.15247
51
.22332.21484.20680.19917.19194
.18506.17853
.17232.16642.16080
52
.23341.22479.21660.20883.20144.19442.18774.18138
.17533.16957
53
.24388
.23513
.22681.21889.21136.20419.19737.19087.18467.17876
54.25473.24585
.23739
.22935
.22168.21437.20741.20076.19442.18837
55.26593.25693.24835
.24017.23238.22494.21784
.21105.20458
.19838
56
.27742.26831
.25962.25132
.24340
.23583
.22860.22169
.21508.20875
57
.28922.28001.27121.26280
.25476
.24707.23971.23267
.22593
.21947
58
.30129.29199.28309
.27457
.26642
.25862.25114
.24398.23712
.23053
59
.31367.30428
.29529
.28667.27842
.27051
.26293
.25565
.24867.24197
60.32638.31691.30784.29914.29079.28278
.27509
.26771.26062
.25380
61.33940.32987.32073
.31195.30352.29542
.28763
.28015.27295
.26603
62
.35269
.34311.33391
.32506.31656
.30837
.30050
.29293
.28564
.27862
63
.36625.35663
.34738.33847.32990
.32165
.31370.30604.29867
.29155
64.38007.37043.36113
.35218.34356.33524
.32723
.31950
.31204.30484
65
.39417
.38451.37519
.36620
.35753
.34917.34110.33330
.32577.31850
66.40871
.39905
.38972.38071.37201.36361
.35550.34765
.34006.33273
67
.42365
.41400.40468
.39567
.38696
.37853
.37038
.36250.35487
.34749
68.43892.42931.42001.41101.40230.39387
.38570
.37780.37014.36272
69
.45450
.44493
.43567
.42670.41800
.40958
.40141
.39350.38582
.37837
70.47033.46083
.45162
.44269.43403
.42563
.41748
.40957
.40189.39443
2011–38 I.R.B.389September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE6.2%6.4%6.6%6.8%7.0%7.2%7.4%7.6%7.8%8.0%
71.48644.47702.46788
.45901.45040
.44203.43391.42602
.41835
.41090
72
.50278
.49347.48441
.47562
.46707
.45877.45069
.44284
.43520
.42776
73
.51930.51010.50115.49245
.48399
.47575
.46774
.45994.45234
.44494
74
.53591.52684.51802.50943.50106
.49291.48497.47724.46970
.46235
75.55253.54361.53492.52645.51820.51015.50230.49465
.48719.47991
76
.56912.56036.55182.54349.53536.52742.51968.51213.50475.49754
77
.58565.57706.56868.56050.55251.54471.53708.52964.52236.51525
78.60209
.59369.58549.57747.56963.56197.55448.54715.53999.53298
79.61841.61021.60219
.59435.58668.57917.57182.56463.55760.55071
80
.63456.62657.61875
.61109
.60359.59625.58906.58202.57512.56836
81
.65050
.64273
.63512
.62766.62034.61318.60616
.59927.59252.58590
82.66621
.65867.65127
.64401.63690.62992.62308.61636.60977.60330
83.68164.67433.66716.66012
.65321
.64642.63976.63322.62680
.62050
84.69676.68969
.68275.67593
.66923
.66265.65618
.64983
.64358.63745
85.71154
.70472.69801.69141.68493
.67856
.67229.66613.66007
.65412
86
.72595
.71937.71290
.70654
.70028.69412.68806.68210.67623.67046
87
.73995
.73362.72740.72127
.71523
.70929.70344.69768.69201.68642
88
.75354
.74746.74148
.73558
.72978.72406.71842.71287.70739.70200
89.76668
.76085.75511.74945
.74387.73837
.73295
.72761.72234.71714
90.77934.77377.76827.76284
.75749.75222
.74701.74188.73681.73181
91
.79153
.78620.78094
.77575
.77063
.76558.76059.75566.75080
.74600
92.80323.79814.79312.78816.78326.77843
.77365
.76894.76428
.75967
93.81440
.80956
.80477.80004
.79536
.79074.78618.78166.77721.77280
94
.82508
.82047
.81591
.81140.80694
.80253
.79817.79387.78961
.78539
95.83526
.83088
.82654.82225
.81800.81380
.80965.80554
.80148.79746
96.84491.84074.83662
.83254.82850.82450.82055
.81663.81276.80892
97
.85405.85009
.84617.84230.83846.83466.83089.82717.82348.81982
98.86270
.85895.85523.85155
.84791.84430.84072.83718.83367.83019
99.87090
.86735
.86382.86033
.85687.85345.85005
.84668
.84335
.84004
100
.87856.87519.87185.86854.86526
.86201
.85878.85559.85242
.84927
101
.88587
.88268
.87952
.87638.87327.87019.86713.86409.86109
.85810
102.89263.88961.88662.88364.88069.87777.87487.87199.86913.86629
103.89938
.89653
.89370.89089.88810
.88534.88259
.87987.87717.87448
104
.90558
.90289.90021
.89756
.89492.89231.88971.88713
.88456
.88202
105
.91170.90916.90664.90413.90164.89917.89672.89428.89186
.88945
106.91940.91706.91474.91242.91013.90784
.90558
.90332.90108
.89885
107.92816
.92605.92395
.92186.91978.91772
.91567
.91362
.91159.90957
108.94247
.94075
.93904.93734
.93565
.93396.93229.93062
.92895
.92730
109.97081.96992.96904.96816.96729.96642
.96555
.96468.96382.96296
September 19, 20113902011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
0.01498.01444
.01395.01351
.01310.01273.01240.01209.01181
.01155
1.00904.00847.00796.00749.00707.00668.00633.00601
.00572.00545
2.00926.00866.00812.00763.00718.00677.00640.00606
.00575.00547
3.00968
.00905
.00848.00796.00748
.00705
.00666.00630
.00597.00567
4.01021
.00955
.00894.00839.00789.00744.00702.00664.00629
.00597
5
.01083.01013.00949.00891.00839.00790.00746.00706.00669
.00635
6
.01153
.01080.01012
.00951.00895
.00844.00798
.00755.00715
.00679
7.01229
.01151
.01081.01016
.00957
.00903
.00854
.00808.00767.00728
8.01314.01232
.01157
.01089.01026.00969.00917.00869
.00825
.00784
9.01407.01321.01242.01170.01104.01044.00989.00938.00891.00848
10
.01509
.01418
.01335.01259
.01190.01126.01068.01014
.00965
.00919
11.01620
.01525
.01437
.01358.01285
.01218
.01156
.01099.01047.00998
12.01740.01640
.01549.01465
.01388.01317
.01252
.01192.01137.01086
13.01867.01762
.01665.01577
.01496.01422
.01353
.01290.01231.01177
14
.01995.01885
.01784.01691.01606
.01527.01455
.01389.01327.01270
15
.02123.02007.01901.01803.01714.01632
.01556.01485
.01420.01360
16.02247.02126
.02015
.01913.01818.01732
.01652.01578.01509
.01446
17.02371.02244.02127.02020.01921.01830.01746.01668
.01596.01529
18.02494.02361.02239.02126.02022.01926.01838
.01756
.01680.01610
19.02620.02480
.02352
.02234
.02125
.02024.01931.01844.01764.01690
20
.02751.02605
.02471.02346.02232.02126.02028.01937
.01853.01775
21.02888
.02735.02593
.02463.02343.02231.02128.02032.01944.01861
22.03030.02870.02722
.02585.02458
.02341.02233.02132.02038
.01951
23.03181.03013
.02858
.02714
.02581.02458
.02344.02237.02139.02047
24
.03345
.03169.03006
.02855.02715.02586.02465.02353
.02249
.02152
25.03524
.03340.03169.03010.02863.02727.02600.02482.02373.02270
26.03720
.03527
.03348.03181.03027.02884
.02750
.02626
.02510
.02402
27.03934.03732
.03544
.03370.03208
.03057
.02916.02786.02664
.02549
28.04167
.03955.03759.03576
.03406.03247.03099.02962.02833.02713
29.04417.04196.03990.03798.03619
.03453
.03298
.03153
.03017.02890
30.04684
.04452
.04237.04036.03848.03674
.03510.03358.03215
.03081
31.04969.04727
.04501
.04291.04094.03911.03739
.03579
.03428.03287
32
.05272.05019
.04783
.04563.04357.04165
.03984.03816
.03657.03509
33
.05595.05331.05085.04854
.04639.04437.04248.04070.03904.03748
34
.05936.05661.05403.05162
.04936
.04725.04527
.04341.04166.04001
35
.06297.06010
.05741.05489.05253.05032
.04824.04629
.04445
.04272
36.06679.06380.06100
.05837.05590.05358.05140.04935
.04742
.04561
37.07083.06771.06479.06204
.05947.05704.05476.05261.05059
.04868
38
.07511
.07186.06881
.06595
.06326.06072
.05834.05609.05397.05196
39.07961.07623.07306.07007.06726.06462.06212
.05977.05754.05544
40.08434.08083
.07753
.07442.07149.06873.06612.06366.06133
.05913
41.08932
.08568.08225
.07901
.07596
.07308
.07035
.06778
.06534
.06304
42
.09455
.09077.08720.08384.08066.07766.07481.07213
.06958
.06717
43.10007
.09615.09245.08895.08564.08251.07955
.07674.07408
.07156
44
.10586
.10180.09796.09433.09089.08763
.08454
.08162.07884.07621
45.11195
.10774.10376.09999.09642.09303.08982.08677.08387.08112
2011–38 I.R.B.391September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
46
.11835
.11400.10987
.10596.10225
.09873
.09539
.09222.08920.08633
47
.12505.12055
.11629.11224.10839.10474.10126.09796.09482.09182
48.13209
.12745
.12303.11884
.11485
.11106.10746.10402
.10075
.09764
49.13948.13469.13013
.12579
.12167.11774.11400.11043.10703.10379
50
.14727.14233.13762.13314.12887.12481.12093.11723.11370.11033
51.15546.15037.14551
.14089.13648.13228.12826.12443.12077.11726
52
.16407
.15884.15384
.14907
.14452
.14018.13603.13206.12826.12463
53
.17312.16774.16260
.15769.15300.14852
.14423.14012.13620.13243
54.18259
.17707.17179.16674.16191
.15729.15286
.14862
.14456
.14067
55
.19247.18680.18139.17620.17123.16648.16192
.15755.15335
.14933
56
.20270.19690
.19135
.18602.18092.17603.17134.16684
.16251.15836
57
.21329.20736.20167.19622.19099
.18596
.18114
.17650.17205
.16777
58
.22422.21816
.21235
.20677.20140
.19625
.19130
.18653.18195.17754
59.23553.22935
.22341.21770.21221.20693
.20185
.19696
.19225
.18772
60
.24725.24095
.23489.22906
.22345.21805.21285
.20783.20300.19834
61
.25937.25296
.24679.24084
.23511.22959
.22427.21914.21419.20941
62
.27185.26534.25906.25300
.24716
.24153
.23609.23084
.22577
.22088
63.28469.27808.27169
.26553.25959.25384
.24830.24294.23776
.23275
64.29789.29119.28471
.27845
.27240
.26656
.26091
.25544.25016.24504
65
.31148.30468.29812.29177
.28563
.27969.27394.26837.26299
.25777
66
.32564
.31877.31213
.30570
.29948
.29345
.28761
.28195
.27647
.27115
67.34034.33341.32671.32021.31391.30780.30188.29614
.29057.28517
68
.35552.34855
.34179
.33523
.32887.32270.31671.31089
.30524
.29976
69
.37115
.36414
.35734.35073
.34432.33809.33204.32616
.32045
.31489
70.38719.38016.37332.36668.36023
.35396
.34786.34193.33616
.33054
71.40366.39662.38977.38311.37663.37032.36419
.35821.35240
.34674
72
.42053.41350.40665
.39998.39349.38716.38100
.37500
.36916.36346
73.43774.43073.42389.41723.41074.40441.39824.39222.38636.38063
74
.45519
.44821.44140.43476.42829.42197
.41580
.40979.40391.39818
75
.47280
.46587.45910.45250.44605.43975
.43360
.42759
.42173
.41599
76
.49051
.48364.47693.47037.46396
.45770.45158.44560.43975
.43403
77
.50830.50150
.49486.48836.48201
.47580
.46972.46377
.45795.45225
78
.52613.51942.51286.50644.50015
.49400.48797.48208.47630.47064
79
.54396.53736.53089.52456.51835.51227.50632.50048
.49476
.48915
80
.56174.55525.54888.54265.53653.53054.52466.51890.51325.50770
81
.57941.57305.56681.56068.55467.54878.54299.53731.53174.52627
82
.59696.59073.58461.57861.57272.56693.56125.55566.55018.54480
83.61430.60822.60224
.59637.59061.58494.57937.57389.56851.56322
84.63142
.62549
.61966.61393.60830.60276
.59731.59196.58669.58150
85.64825
.64249.63682.63124
.62575.62035.61503
.60980
.60465.59958
86.66477
.65918.65367.64825
.64291
.63765
.63248.62738.62236.61741
87.68092
.67550
.67016.66490
.65972.65462.64959
.64463
.63975
.63493
88.69669
.69145
.68628.68119.67618.67123
.66635.66154.65680.65212
89.71201.70696.70198.69706.69221.68742.68270
.67805.67345
.66892
90.72688.72201.71721.71246.70779.70317.69861.69411.68966
.68528
91.74126
.73658
.73196.72739.72289.71844.71404.70970
.70541
.70117
92
.75513.75063
.74620.74181.73748.73320.72897.72479.72066
.71657
September 19, 20113922011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE8.2%8.4%8.6%8.8%9.0%9.2%9.4%9.6%9.8%10.0%
93.76844.76414
.75988.75568.75152
.74741.74334.73932
.73535
.73142
94.78123.77711.77303.76901
.76502
.76108
.75718.75332.74951.74573
95
.79348
.78954.78565
.78179.77798.77421.77047.76677.76312
.75950
96
.80513
.80137
.79765
.79397.79032.78671.78314.77960.77610.77263
97.81621.81262.80908
.80556
.80208.79864
.79522
.79184.78849
.78517
98.82674.82333
.81995
.81660.81328.80999.80673
.80351
.80031.79713
99.83677
.83352
.83030.82711
.82395
.82082.81771.81463
.81158.80855
100.84616.84307.84001.83697.83396.83097.82801
.82507
.82216.81927
101
.85514.85221
.84930.84641
.84355
.84070.83788
.83509
.83231
.82956
102.86348.86069
.85792.85517.85245
.84974.84706.84439
.84175
.83912
103.87182.86918
.86655.86395
.86136
.85880.85625.85372.85121
.84872
104
.87950
.87699
.87450
.87203
.86957
.86713.86471.86231
.85992.85755
105
.88706.88468.88232.87998
.87765.87534
.87304.87076.86849.86624
106.89664.89444
.89225
.89008.88792
.88577
.88364
.88152
.87941.87731
107
.90756.90557.90358
.90160.89964.89768
.89574
.89380.89188.88997
108
.92565
.92401.92238
.92075
.91914
.91753.91592
.91433.91274.91116
109.96211
.96125
.96041
.95956.95872.95788.95704.95620.95537.95455
Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
0.01132.01110.01089.01071
.01053
.01037.01022.01008
.00995
.00983
1
.00520
.00497.00476
.00457
.00439.00423.00407.00393.00379.00367
2
.00521
.00496.00474
.00454.00435
.00417.00401
.00385
.00371
.00358
3
.00539.00513
.00490.00468.00447.00429.00411
.00395
.00380.00366
4
.00567.00540.00515
.00492.00470
.00450
.00432.00414.00398.00383
5
.00603
.00574.00547.00523.00500
.00478
.00459
.00440.00423.00407
6.00646
.00615.00587.00560.00536.00513
.00492.00472
.00453
.00436
7.00693.00660.00630.00602
.00576.00551.00529.00508
.00488.00469
8.00747.00712.00680
.00650
.00622
.00596.00572.00549.00528.00509
9.00808.00771.00737
.00705.00675
.00648.00622
.00598.00576.00555
10.00877.00838.00801.00767.00736.00707.00679
.00654
.00630.00608
11
.00954
.00912.00873.00838.00804.00773.00744.00717.00692.00668
12.01038.00994
.00953.00915
.00880.00847.00816.00788.00761
.00735
13.01127.01081.01038.00998.00960
.00925
.00893.00862.00833.00806
14.01217.01168.01122.01080.01040.01003.00969.00937.00906.00878
15.01305.01253.01205
.01160.01118.01079.01042.01008.00976.00946
16.01387.01333.01282.01234.01190.01149.01110.01074.01040.01009
17.01467.01409
.01356
.01306
.01259
.01216
.01175
.01137.01101.01067
18
.01544
.01484.01427.01374
.01325
.01279.01236
.01195.01157
.01122
19.01621
.01557
.01497.01442.01390.01341
.01295.01253
.01213
.01175
20.01702.01634
.01571.01512.01457
.01406
.01357
.01312.01270.01230
21.01784.01713.01646
.01584.01526
.01471.01420.01372.01327
.01285
2011–38 I.R.B.393September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
22.01870.01794.01724
.01658.01596.01539.01485
.01434.01386.01342
23.01961.01881.01807.01737.01672.01611
.01554.01500
.01449.01402
24.02062.01977.01899
.01825.01756
.01691.01630
.01573.01520
.01469
25.02175.02085
.02002.01924
.01851
.01782.01718
.01657
.01600
.01547
26.02301.02207.02119.02036
.01958
.01886.01817
.01753
.01692
.01635
27.02443.02343
.02250
.02162.02080.02003.01930.01862.01798.01737
28.02600
.02495
.02396.02303.02216.02134
.02057.01985
.01916
.01852
29.02771.02660
.02555.02457.02365
.02278.02197.02120.02047.01979
30
.02956
.02838.02728.02624
.02526
.02434.02348.02266.02189.02116
31
.03155
.03031.02914.02804.02701.02604
.02512.02425
.02344.02266
32.03370.03239
.03115
.02999.02890.02787.02690
.02598.02511
.02429
33.03601.03463.03333.03210
.03095.02985
.02883
.02785
.02693.02606
34.03847.03701
.03564
.03434.03312.03197.03088
.02985
.02887
.02795
35
.04109
.03956
.03811
.03675.03546
.03424.03308.03199.03096.02998
36.04390.04228.04076.03932
.03795
.03667
.03545
.03429.03320.03216
37.04688
.04518.04358
.04206.04062.03926.03798.03676
.03560.03450
38
.05007
.04829.04660
.04500
.04349
.04205
.04069.03940.03818.03701
39
.05346.05158
.04981.04812
.04653.04502.04358
.04222.04092.03969
40
.05705.05508.05321.05144
.04976.04817.04666
.04522.04385.04255
41.06086
.05879.05683.05497.05320.05152
.04993.04841.04697
.04559
42.06488.06271.06066
.05870.05684.05508.05340.05180.05028
.04882
43.06917.06690.06474.06269.06074
.05888.05711.05543.05382.05229
44.07370.07132.06906.06691.06486.06291
.06105.05928.05759.05598
45.07850
.07602
.07365
.07139.06924.06719
.06524
.06338.06160
.05990
46.08360.08100
.07852
.07616.07390.07176.06970
.06775.06587
.06409
47.08897.08626.08367.08120.07884
.07659
.07443.07238.07041
.06853
48.09466.09183.08912
.08654
.08407.08172.07946.07730
.07524
.07326
49.10069.09774.09492.09222.08964.08717.08481
.08255
.08038.07831
50
.10711.10403.10109.09827
.09558
.09300
.09053
.08816
.08589
.08371
51
.11392.11072
.10765
.10472.10191.09921.09663
.09415
.09178
.08950
52
.12116.11783.11464
.11159
.10866
.10585.10315.10057
.09808
.09569
53
.12883
.12538
.12206.11889
.11584
.11291.11010.10740.10481.10231
54
.13694.13336.12992.12662
.12345
.12041.11748.11467.11196.10936
55.14547
.14176.13820.13478.13149.12832
.12528.12235.11953
.11682
56.15437.15054.14685
.14330.13989.13661
.13345
.13040.12747.12464
57.16365.15969.15588.15221
.14868
.14527
.14199.13883
.13578
.13284
58
.17330.16921
.16528
.16149
.15783.15431.15091
.14763.14447.14141
59.18335
.17914
.17508
.17117.16739
.16375
.16023
.15684.15356.15039
60
.19385.18952.18534
.18131.17741
.17365
.17001
.16650
.16311
.15982
61.20480
.20035.19605
.19189.18788.18400
.18025
.17662.17311.16971
62
.21615.21158
.20717.20290.19877.19477.19090.18716
.18354
.18003
63.22791.22323.21870.21431.21007
.20596
.20198.19812.19439.19077
64.24009
.23530
.23066.22616.22181
.21758
.21349
.20953.20568.20195
65.25271
.24781.24306.23846.23400.22967
.22547
.22139.21744.21360
66.26600.26100
.25615.25145
.24688
.24245
.23814.23396.22990
.22596
67.27992.27483.26989
.26509
.26043
.25590.25150
.24722.24306.23901
68.29443.28926.28423.27934
.27459
.26997
.26548
.26110
.25685.25271
September 19, 20113942011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE10.2%10.4%10.6%10.8%11.0%11.2%11.4%11.6%11.8%12.0%
69
.30950
.30424.29914.29417.28934.28463
.28005.27559.27125
.26703
70
.32508
.31976
.31459.30955
.30464.29986
.29520
.29067
.28625
.28194
71.34122
.33585
.33062
.32552.32054.31570
.31097.30637.30187.29749
72
.35790.35249
.34721
.34205
.33703.33213.32734.32268.31812.31367
73
.37505
.36960.36428
.35909.35403
.34908
.34425.33953
.33492.33042
74
.39258
.38711.38177
.37655.37145
.36647.36160
.35684.35219
.34764
75
.41039.40491
.39956
.39432.38921.38420.37931
.37452
.36983
.36525
76.42843.42296.41760.41236.40724.40222.39731
.39250
.38779.38318
77.44668.44122
.43588.43065.42552.42050.41559
.41077
.40605
.40143
78
.46510.45967.45435
.44914.44403.43902.43411.42930
.42458.41995
79
.48365
.47826.47298.46780.46271
.45773.45284
.44804.44333.43871
80
.50226
.49693.49169
.48655.48150.47655
.47169.46692.46224
.45763
81
.52090.51562.51044.50536.50036.49546
.49064
.48590.48125
.47668
82
.53951.53431.52920.52418.51924.51439.50963.50494.50033.49580
83
.55802.55291.54788.54294.53808.53329.52859.52396.51941.51493
84
.57640.57139.56645.56159.55681.55210.54747.54291.53843.53401
85.59459.58968.58484.58008.57539.57077.56623.56175.55733.55298
86
.61254
.60774.60302
.59836.59377.58925.58479.58040.57607.57180
87.63019
.62551
.62090
.61635
.61187
.60745
.60309
.59880.59456.59038
88
.64751
.64296.63847
.63405
.62968
.62537
.62112.61693.61279.60871
89.66444.66003
.65567.65137
.64712.64293.63880.63471.63068.62670
90.68094.67667.67244.66827
.66415
.66009
.65607.65210
.64818.64431
91.69699
.69285
.68877.68473.68074.67680.67291.66906
.66526.66150
92
.71254.70855
.70460.70071
.69685
.69304.68928
.68555
.68187.67823
93
.72753
.72369.71989.71613.71242.70874
.70510.70150
.69794.69442
94.74200.73830.73464.73103
.72745
.72390.72040.71693
.71350
.71010
95.75591.75236.74885.74538
.74194
.73853.73516
.73182
.72851.72524
96.76920
.76580
.76243
.75909.75579.75252
.74928.74607.74289.73974
97.78188.77863
.77540
.77220.76904
.76590
.76279
.75971.75665.75363
98.79399.79088.78779.78473.78170.77869
.77571
.77276.76983.76693
99
.80555.80257
.79962.79670.79380.79092.78807
.78525
.78244.77966
100.81641
.81357.81075
.80796
.80518
.80243.79971.79700.79432
.79165
101.82683.82412.82144.81877.81612
.81350
.81089.80831
.80574
.80320
102
.83652
.83394.83137.82882.82630.82379.82130.81883.81637.81394
103.84624.84379
.84135
.83892
.83652
.83413.83176.82941.82707
.82475
104
.85519.85285.85053
.84822
.84593.84365
.84139
.83915
.83692.83470
105
.86400.86178
.85957.85737.85519.85302.85087
.84873.84660.84449
106
.87523
.87316.87110
.86905
.86702
.86500
.86299.86099
.85900.85703
107.88806.88617.88429.88242
.88055
.87870.87686
.87502
.87320.87139
108
.90958
.90802.90646.90490.90336.90182.90028.89876.89724
.89573
109
.95372.95290.95208.95126.95045
.94964.94883.94803.94723.94643
2011–38 I.R.B.395September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
0.00972.00961
.00951
.00941.00932.00924.00916.00908.00901.00894
1
.00355.00345
.00334
.00325
.00316.00307.00299.00292
.00285
.00278
2.00346.00334.00323.00313.00303.00294.00286.00278.00270.00263
3
.00353
.00340.00329.00318.00307.00298.00289.00280.00272.00264
4.00369
.00356
.00343.00332.00321.00310.00300.00291.00283.00274
5
.00392.00377.00364
.00352
.00340.00329.00318.00308.00299.00290
6.00420
.00405
.00391.00377
.00365.00353
.00342.00331.00321.00311
7
.00452
.00436.00421.00406.00393.00380.00368
.00357
.00346.00336
8.00490.00473
.00457
.00441.00427.00413.00400.00388.00376
.00365
9
.00535.00517
.00499.00483.00467
.00453
.00439.00426.00413.00402
10
.00587.00567.00548.00531.00514
.00499.00484.00470
.00456
.00444
11
.00645
.00624
.00605.00586.00568.00551.00536.00521.00506
.00493
12.00711.00689.00668.00648.00629.00611
.00595.00579.00563.00549
13.00781
.00757.00735
.00714.00694
.00675.00657
.00640.00624.00609
14
.00851
.00826.00802.00780
.00759
.00739.00720.00702.00684.00668
15
.00918.00891.00866.00842.00820.00799.00779
.00759
.00741.00724
16.00979
.00950
.00924.00899
.00875.00853
.00832.00811.00792.00774
17
.01035
.01006.00978
.00951
.00926.00902.00880
.00859
.00838.00819
18.01088
.01057
.01027.00999.00973.00948.00924.00901.00880.00860
19.01139.01106
.01075.01045
.01017.00990
.00965
.00942.00919.00898
20.01192
.01157
.01124.01092.01063
.01035
.01008.00983
.00959
.00936
21
.01245
.01208.01173.01139.01108.01078
.01050
.01023.00998.00974
22.01300.01260.01222.01187
.01154
.01122.01092.01064.01037.01011
23
.01357.01315.01275
.01238.01202.01168.01137.01106.01078
.01051
24.01422.01377.01334.01294
.01257
.01221.01187
.01155
.01124
.01095
25
.01496.01448.01403.01361.01320.01282.01246.01212.01180.01149
26
.01582.01531
.01483.01438
.01395.01354
.01316.01279.01244.01211
27.01680.01626
.01575.01527
.01481.01437.01396
.01357
.01320
.01285
28.01791.01734.01679.01628
.01579.01533
.01489.01447.01408.01370
29.01914
.01853.01795
.01740.01688.01639
.01592.01548.01505.01465
30.02048.01982.01921.01862.01807
.01754
.01704
.01657
.01612
.01569
31.02193.02124
.02058
.01996.01937.01881.01828.01777.01729.01683
32
.02351
.02278.02208.02142.02079.02019.01962.01908
.01857
.01808
33
.02523.02445
.02371.02300.02234.02170.02109
.02052
.01997.01944
34.02707.02624
.02545
.02470.02399.02331.02267
.02205
.02146.02091
35.02905
.02817.02733
.02653.02577.02505
.02436.02371.02308.02249
36.03117.03024
.02935.02850
.02769.02693.02619
.02550
.02483.02419
37
.03345
.03246
.03151
.03061.02976.02894.02816.02742.02671.02603
38
.03590.03485.03385
.03289.03198.03112.03029
.02950
.02874.02802
39
.03852
.03740.03634
.03533
.03436.03344
.03256
.03172.03092
.03015
40.04131.04013.03900.03793.03690
.03593
.03499.03410.03324.03242
41.04428.04303.04184.04070.03962
.03858.03759
.03664
.03573
.03486
42.04744.04612.04486.04366
.04250
.04140
.04035
.03934.03838
.03745
43
.05083
.04943.04810.04683
.04561
.04444.04333.04226.04123
.04025
44
.05443.05296.05155.05021
.04892.04768
.04650.04537
.04428.04324
45.05827.05672.05523.05381.05245.05114
.04989.04869
.04754
.04643
September 19, 20113962011–38 I.R.B.

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
46.06237.06074
.05917.05767.05623.05485.05352.05225.05103
.04986
47.06673
.06500.06335
.06177
.06025.05879.05739.05605.05475.05351
48.07137
.06955
.06781.06614
.06454
.06300
.06152
.06010
.05874.05742
49.07632.07441
.07258
.07082.06913
.06750.06595
.06444.06300.06161
50
.08162.07962.07769
.07584
.07407.07236.07071.06913.06760.06614
51
.08731
.08520
.08318.08124.07937
.07757.07583
.07416
.07256
.07101
52
.09340.09119.08907.08703
.08507
.08317
.08135.07959
.07790.07627
53
.09991.09760
.09538
.09324.09118.08919.08728
.08543.08365
.08193
54.10685
.10443.10211.09987.09771
.09562
.09361.09167.08980.08799
55
.11420.11168
.10925
.10690.10464.10246
.10035
.09832
.09635.09445
56
.12191.11928
.11675
.11430.11193
.10965.10745.10531.10325
.10126
57
.13001.12727.12462.12207.11960.11721.11491.11268
.11052
.10843
58
.13846
.13561
.13286.13020.12762
.12513
.12273.12040.11814
.11595
59
.14732.14436
.14150
.13873
.13605
.13346
.13095.12851
.12616.12388
60
.15665.15358.15060
.14772.14494.14224.13962.13709.13463
.13225
61.16642.16324.16016
.15717.15428.15147.14875
.14611
.14355
.14107
62.17663.17333.17014.16704.16404.16113
.15830.15556.15290.15031
63.18726
.18385.18055
.17734.17423.17121.16828
.16544
.16267
.15999
64.19833.19481.19140.18809.18487
.18175
.17871
.17576
.17289.17010
65
.20987.20624.20273.19931
.19598.19275
.18961
.18656.18358
.18069
66.22213.21840.21478
.21125
.20783.20449
.20125
.19809
.19501
.19202
67
.23508.23125.22753
.22390.22037.21694.21360.21034.20716.20407
68.24868.24476.24094.23722
.23359
.23006.22662.22327.22000.21681
69.26291
.25889.25498.25117.24745
.24383.24030
.23685
.23349.23020
70.27773.27364.26964
.26574
.26194
.25823.25461.25107
.24762
.24425
71.29321.28904.28496.28099.27710.27331.26961
.26599
.26246
.25900
72.30933
.30508
.30094.29689.29294.28907
.28530
.28160.27799.27446
73.32602.32171
.31751
.31340.30938
.30545
.30160.29784.29416
.29056
74.34319.33884
.33458
.33042.32634.32236
.31845
.31463.31089.30723
75
.36076
.35637.35207
.34786.34374.33970
.33575
.33188.32808.32437
76.37867
.37425
.36991
.36567.36151.35744.35344.34953.34569
.34192
77.39690
.39245
.38810.38383.37964
.37554.37151.36756
.36369
.35989
78
.41541
.41096
.40659
.40231.39811.39398.38993
.38596
.38206.37823
79.43418.42973
.42536
.42107.41686.41272.40866.40467
.40075
.39691
80
.45311
.44868.44432.44003
.43582
.43169.42763.42363.41971
.41585
81.47219.46777.46343
.45916.45497.45084
.44679.44280.43888
.43502
82
.49135
.48696
.48265
.47841.47424.47014.46610.46213
.45822.45437
83
.51052.50618.50191
.49771
.49357.48950.48549.48154
.47766.47383
84
.52966.52537.52115.51700.51291.50887.50490.50099
.49714.49334
85.54870.54448.54032.53622.53218.52820.52428.52041.51660.51284
86
.56759.56344.55935.55532.55135.54742.54356.53974.53598.53227
87
.58626.58219.57818.57422.57031.56646.56266.55891.55521.55155
88.60468.60070
.59677.59290.58907.58529.58157.57788.57425.57066
89.62277.61888
.61505
.61126
.60753
.60383.60018
.59658.59302.58950
90.64048.63670.63296.62927
.62563
.62202.61846.61494.61146.60803
91
.65778.65411.65048
.64689.64334.63983.63636.63293
.62954
.62619
92.67462.67106
.66754
.66406.66061
.65720.65383.65050
.64720.64393
2011–38 I.R.B.397September 19, 2011

Table S
Based on Life Table 2000CM
Single Life Remainder Factors
Applicable On or After May 1, 2009
Interest Rate
AGE12.2%12.4%12.6%12.8%13.0%13.2%13.4%13.6%13.8%14.0%
93.69094.68749.68408.68071.67737.67406.67079
.66756.66435
.66118
94.70673.70340.70011
.69685
.69362.69042
.68725
.68412.68102.67794
95
.72199.71878
.71560
.71246.70934
.70625
.70319.70016.69716.69419
96.73662
.73353
.73047.72743.72443
.72145.71850.71557
.71268.70981
97
.75063
.74766.74471.74180.73890.73604.73319.73038
.72758
.72482
98
.76405
.76120
.75837.75557.75279.75003
.74730
.74459
.74190.73923
99.77690.77417.77146.76877.76610
.76345
.76083
.75822.75564.75308
100.78901.78639.78379.78121.77866.77612.77360.77110.76862.76616
101.80067.79816
.79568
.79321.79076.78832
.78591.78351
.78114.77877
102
.81152
.80912.80674.80438.80203.79970.79738
.79508
.79280
.79054
103
.82245
.82016.81789
.81563
.81339.81116
.80895
.80676
.80458
.80241
104
.83250
.83031.82814
.82599
.82384.82171.81960
.81750.81541
.81334
105
.84239.84030.83823.83617.83412.83209.83006.82806.82606.82407
106
.85507.85311.85117
.84924.84733
.84542.84352
.84164.83976.83790
107
.86958
.86779.86600.86422.86246.86070
.85895.85721.85548.85376
108.89422.89272.89123.88974.88826.88679
.88533
.88386.88241.88096
109
.94563
.94484
.94405
.94326.94248.94170.94092.94014.93937.93860
Table 2000CM
AgeAgeAge
xl
x
xl
x
xl
x
010000037969217466882
1
99305
3896767
7564561
2
99255
39966007662091
399222409641977
59476
499197419622378
56721
5
99176429601079
53833
6
99158
43
95782
80
50819
79914044
95535
8147694
899124
4595268
82
44475
99911046949818341181
109909747946708437837
11
99085
48
9433585
34471
129907349
93975
8631114
13
990575093591
8727799
1499033
51
9318088
24564
15
98998
52
927418921443
16
9895053
922709018472
1798891
54
9176291
15685
1898822
55
912119213111
19
9874556
906079310773
2098664
57
89947948690
21
98577588922595
6871
22
9848559
8844196
5315
239839060
87595
974016
24
98295
618668198
2959
September 19, 20113982011–38 I.R.B.

Table 2000CM
AgeAgeAge
xl
x
xl
x
xl
x
25
9820262
85691
992122
269811163846201001477
279802264
83465
101997
2897934
65
82224102
650
29978446680916103410
30
97750
67
79530
104248
31
97652
68
78054105
144
32
97549
697647810681
3397441707479410743
3497324717300110822
35
97199727109210911
36
97065
73
69056
1100
(e)Ef
fective/applicability date.This
sect
ion applies on and after May 1, 2009.
§20.2031–7T [Removed]
Par. 14. Section 20.2031–7T is re-
moved.
§20.2031–7A [Amended]
Par. 14A. Section 20.2031–7A(f)(1) is
amended by removing “§20.2031–7T(d)”
from the first sentence and adding
“§20.2031–7(d)” in its place.
Par. 15. Section 20.2055–2 is amended
by:
1. Revising the heading in paragraph
(e)(3) and revising paragraphs (e)(3)(iii)
and (f)(4).
2. Adding paragraph (f)(6).
The revisions and addition read as fol-
lows:
§20.2055–2 Transfers not exclusively for
charitable purposes.
*****
(e) * * *
(3)Effective/applicability date.***
(iii) The rule in paragraphs (e)(2)(vi)(a)
and (e)(2)(vii)(a) of this section that
guaranteed annuity interests or unitrust
interests, respectively, may be payable
for a specified term of years or for the
life or lives of only certain individuals is
generally effective in the case of trans-
fers pursuant to wills and revocable trusts
when the decedent dies on or after April 4,
2000. Two exceptions from the application
of this rule in paragraphs (e)(2)(vi)(a)
and(e
)(2)(vii)(a)ofthissectionare
prov
ided in the case of transfers pursuant
to a w
ill or revocable trust executed before
Apri
l 4, 2000. One exception is for a
dece
dent who dies on or before July 5,
2001
, without having republished the
wil
l (or amended the trust) by codicil or
oth
erwise. The other exception is for
ade
cedent who was on April 4, 2000,
und
er a mental disability that prevented a
cha
nge in the disposition of the decedent’s
pr
operty, and who either does not regain
co
mpetence to dispose of such property
be
fore the date of death, or dies prior to the
la
ter of 90 days after the date on which the
de
cedent first regains competence, or July
5,
2001, without having republished the
w
ill (or amended the trust) by codicil or
o
therwise. If a guaranteed annuity interest
o
r unitrust interest created pursuant to
a
will or revocable trust of a decedent
d
ying on or after April 4, 2000, uses an
individual other than one permitted in
paragraphs (e)(2)(vi)(a) and (e)(2)(vii)(a)
of this section, and the interest does not
qualify for this transitional relief, the
interest may be reformed into a lead
interest payable for a specified term of
years. The term of years is determined by
taking the factor for valuing the annuity or
unitrust interest for the named individual
measuring life and identifying the term
of years (rounded up to the next whole
year) that corresponds to the equivalent
term of years factor for an annuity or
unitrust interest. For example, in the
case of an annuity interest payable for the
life of an individual age 40 at the time
of the transfer on or after May 1, 2009,
assum
ing an interest rate of 7.4 percent
unde
r section 7520, the annuity factor
from
column 1 of Table S(7.4), contained
in IR
S Publication 1457, “Actuarial
Valu
ations Version 3A”, for the life of an
indi
vidual age 40 is 12.1519 (1.000000
min
us .10076, divided by .074). Based
on T
able B(7.4), contained in Publication
145
7, “Actuarial Valuations Version
3A”
, the factor 12.1519 corresponds to a
ter
m of years between 32 and 33 years.
Ac
cordingly, the annuity interest must be
re
formed into an interest payable for a
te
rm of 33 years. A judicial reformation
mu
st be commenced prior to the later of
Ju
ly 5, 2001, or the date prescribed by
se
ction 2055(e)(3)(C)(iii). Any judicial
r
eformation must be completed within a
r
easonable time after it is commenced. A
n
on-judicial reformation is permitted if
e
ffective under state law, provided it is
c
ompleted by the date on which a judicial
reformation must be commenced. In the
alternative, if a court, in a proceeding that
is commenced on or before July 5, 2001,
declares any transfer made pursuant to a
will or revocable trust where the decedent
dies on or after April 4, 2000, and on or
before March 6, 2001, null and voidab
initio, the Internal Revenue Service will
treat such transfers in a manner similar to
that described in section 2055(e)(3)(J).
*****
(f) * * *
(4)Other decedents. The present value
of an interest not described in paragraph
(f)(2) of this section is to be determined
under §20.2031–7(d) in the case of dece-
dents where the valuation date of the gross
2011–38 I.R.B.399September 19, 2011

estate is on or after May 1, 2009, or un-
der §20.2031–7A in the case of decedents
where the valuation date of the gross estate
is before May 1, 2009.
*****
(6)Effective/applicability date. Para-
graphs (e)(3)(iii) and (f)(4) of this section
apply on and after May 1, 2009.
§20.2055–2T [Removed]
Par. 16. Section 20.2055–2T is re-
moved.
Par. 17. Section 20.2056A–4 is
amended by:
1. Revising paragraph (c)(4)(ii)(B) and
Example 4of paragraph (d).
2. Adding paragraph (e).
The revisions and addition read as fol-
lows:
§20.2056A–4 Procedures for conforming
marital trusts and nontrust marital
transfers to the requirements of a qualified
domestic trust.
*****
(c) * * *
(4) * * *
(ii) * * *
(B) The total present value of the annu-
ity or other payment is the present value
of the nonassignable annuity or other
payment as of the date of the decedent’s
death, determined in accordance with the
interest rates and mortality data prescribed
by section 7520. The expected annuity
term is the number of years that would
be required for the scheduled payments to
exhaust a hypothetical fund equal to the
present value of the scheduled payments.
This is determined by first dividing the
total present value of the payments by the
annual payment. From the quotient so
obtained, the expected annuity term is de-
rived by identifying the term of years that
corresponds to the annuity factor equal to
the quotient. This is determined by using
column 1 of Table B, for the applicable in-
terest rate, contained in Publication 1457,
“Actuarial Valuations Version 3A”. A
copy of this publication is available, at no
charge, electronically via the IRS Internet
site atwww.irs.gov. If the quotient ob-
tained falls between two terms, the longer
term is used.
*****
(d) * * *
Example 4.Computation of corpus portion of an-
nuity payment. (i) At the time of D’s death on or after
May 1, 2009, D is a participant in an employees’ pen-
sion plan described in section 401(a). On D’s death,
D’s spouse S, a resident of the United States, becomes
entitled to receive a survivor’s annuity of $72,000 per
year, payable monthly, for life. At the time of D’s
death, S is age 60. Assume that under section 7520,
the appropriate discount rate to be used for valuing
annuities in the case of this decedent is 6.0 percent.
The annuity factor at 6.0 percent for a person age
60 is 11.0625 (1.000000 minus .33625, divided by
.06). The adjustment factor at 6.0 percent in Table
K for monthly payments is 1.0272. Accordingly, the
right to receive $72,000 per year on a monthly basis
is equal to the right to receive $73,958.40 ($72,000 x
1.0272) on an annual basis.
(ii) The corpus portion of each annuity payment
received by S is determined as follows. The first step
is to determine the annuity factor for the number of
years that would be required to exhaust a hypothet-
ical fund that has a present value and a payout cor-
responding to S ’s interest in the payments under the
plan, determined as follows:
(A) Present value of S ’s annuity: $73,958.40 x
11.0625 = $818,164.80.
(B) Annuity Factor for Expected Annuity Term:
$818,164.80 / $73,958.40 = 11.0625.
(iii) The second step is to determine the number
of years that would be required for S ’s annuity to ex-
haust a hypothetical fund of $818,164.80. The term
certain annuity factor of 11.0625 falls between the an-
nuity factors for 18 and 19 years in a 6.0 percent term
certain annuity table (Column 1 of Table B, Publi-
cation 1457,Actuarial Valuations Version 3A,which
may be obtained on the IRS Internet site). Accord-
ingly, the expected annuity term is 19 years.
(iv) The third step is to determine the corpus
amount by dividing the expected term of 19 years
into the present value of the hypothetical fund as
follows:
(A) Corpus amount of annual payment:
$818,164.80/19 = $43,061.31.
(B) [Reserved].
(v) In the fourth step, the corpus portion of each
annuity payment is determined by dividing the corpus
amount of each annual payment by the annual annuity
payment (adjusted for payments more frequently than
annually as in (i) of thisExample 4) as follows:
(A) Corpus portion of each annuity payment:
$43,061.31/$73,958.40 = .58.
(B) [Reserved].
(vi) Accordingly, 58 percent of each payment to
S is deemed to be a distribution of corpus. A mari-
tal deduction is allowed for $818,164.80, the present
value of the annuity as of D’s date of death, if either:
S agrees to roll over the corpus portion of each pay-
ment to a QDOT and the executor files the Informa-
tion Statement described in paragraph (c)(5) of this
section and the Roll Over Agreement described in
paragraph (c)(7) of this section; or S agrees to pay
the tax due on the corpusportion of each payment
and the executor files the Information Statement de-
scribed in paragraph (c)(5) of this section and the Pay-
ment Agreement described in paragraph (c)(6) of this
section.
*****
(e)Effective/applicability date. Para-
graph (c)(4)(ii)(B) andExample 4in para-
graph (d) of this section are applicable
with respect to decedents dying on or af-
ter May 1, 2009.
§20.2056A–4T [Removed]
Par. 18. Section 20.2056A–4T is re-
moved.
Par. 19. Section 20.7520–1 is amended
by revising the section heading and by
revising paragraphs (a)(1), (a)(2), (b)(2),
(c)(1), (c)(2), and (d) to read as follows:
§20.7520–1 Valuation of annuities,
unitrust interests, interests for life
or terms of years, and remainder or
reversionary interests.
(a)General actuarial valuations.(1)
Except as otherwise provided in this sec-
tion and in §20.7520–3 (relating to excep-
tions to the use of prescribed tables under
certain circumstances), in the case of es-
tates of decedents with valuation dates af-
ter April 30, 1989, the fair market value
of annuities, interests for life or for a term
of years (including unitrust interests), re-
mainders, and reversions is their present
value determined under this section. See
§20.2031–7(d) (and, for periods prior to
May 1, 2009, §20.2031–7A) for the com-
putation of the value of annuities, unitrust
interests, life estates, terms for years, re-
mainders, and reversions, other than in-
terests described in paragraphs (a)(2) and
(a)(3) of this section.
(2) In the case of a transfer to a pooled
income fund, see §1.642(c)–6(e) of this
chapter (or, for periods prior to May 1,
2009, §1.642(c)–6A) with respect to the
valuation of the remainder interest.
*****
(b) * * *
(2)Mortality component. The mortality
component reflects the mortality data most
recently available from the United States
census. As new mortality data becomes
available after each decennial census, the
mortality component described in this sec-
tion will be revised and the revised mor-
tality component tables will be published
in the regulations at that time. For dece-
dent’s estates with valuation dates on or
after May 1, 2009, the mortality compo-
nent table (Table 2000CM) is contained in
§20.2031–7(d)(7). See §20.2031–7A for
September 19, 20114002011–38 I.R.B.

mortality component tables applicable to
decedent’s estates with valuation dates be-
fore May 1, 2009.
(c) * * *
(1)Regulation sections containing ta-
bles with interest rates between 0.2 and
14 percent for valuation dates on or after
May 1, 2009. Section 1.642(c)–6(e)(6)
of this chapter contains Table S used for
determining the present value of a single
life remainder interest in a pooled in-
come fund as defined in §1.642(c)–5. See
§1.642(c)–6A for single life remainder
factors applicable to valuation dates before
May 1, 2009. Section 1.664–4(e)(6) con-
tains Table F (payout factors) and Table
D (actuarial factors used in determining
the present value of a remainder interest
postponed for a term of years). Section
1.664–4(e)(7) contains Table U(1) (uni-
trust single life remainder factors). These
tables are used in determining the present
value of a remainder interest in a charitable
remainder unitrust as defined in §1.664–3.
See §1.664–4A for unitrust single life
remainder factors applicable to valua-
tion dates before May 1, 2009. Section
20.2031–7(d)(6) contains Table B (actuar-
ial factors used in determining the present
value of an interest for a term of years), Ta-
ble K (annuity end-of-interval adjustment
factors), and Table J (term certain annuity
beginning-of-interval adjustment factors).
Section 20.2031–7(d)(7) contains Table S
(single life remainder factors), and Table
2000CM (mortality components). These
tables are used in determining the present
value of annuities, life estates, remainders,
and reversions. See §20.2031–7A for sin-
gle life remainder factors applicable to
valuation dates before May 1, 2009.
(2)Internal Revenue Service publica-
tions containing tables with interest rates
between 0.2 and 22 percent for valuation
datesonorafterMay1,2009. The follow-
ing documents are available, at no charge,
electronically via the IRS Internet site at
www.irs.gov:
(i) Internal Revenue Service Publica-
tion 1457, “Actuarial Valuations Version
3A” (2009). This publication includes ta-
bles of valuation factors, as well as exam-
ples that show how to compute other valu-
ation factors, for determining the present
value of annuities, life estates, terms of
years, remainders, and reversions, mea-
suredbyoneortwolives. Thesefactors
mayalsobeusedinthevaluationofin-
terests in a charitable remainder annuity
trust as defined in §1.664–2 of this chap-
ter and a pooled income fund as defined in
§1.642(c)–5.
(ii) Internal Revenue Service Publica-
tion 1458, “Actuarial Valuations Version
3B” (2009). This publication includes
term certain tables and tables of one and
two life valuation factors for determining
the present value of remainder interests in
a charitable remainder unitrust as defined
in §1.664–3 of this chapter.
(iii) Internal Revenue Service Publica-
tion 1459, “Actuarial Valuations Version
3C” (2009). This publication includes
tables for computing depreciation adjust-
ment factors. See §1.170A–12 of this
chapter.
(d)Effective/applicability date.This
section applies on and after May 1, 2009.
§20.7520–1T [Removed]
Par. 20. Section 20.7520–1T is re-
moved.
PART 25—GIFT TAX; GIFTS MADE
AFTER DECEMBER 31, 1954
Par. 21. The authority citation for part
25 is amended by removing entries for
§§25.2512–5T and 25.7520–1T to read as
follows:
Authority: 26 U.S.C. 7805 * * *
Par. 22. Section 25.2512–0 is amended
by removing the entry for §25.2512–5T
from the table.
Par. 23. Section 25.2512–5 is amended
by revising paragraphs (c), (d), and (e) to
read as follows:
§25.2512–5 Valuation of annuities,
unitrust interests, interests for life or term
of years, and remainder or reversionary
interests.
*****
(c)Actuarial valuations. The present
value of annuities, unitrust interests, life
estates, terms of years, remainders, and
reversions transferred by gift on or af-
ter May 1, 2009, is determined under
paragraph (d) of this section. The present
value of annuities, unitrust interests,
life estates, terms of years, remainders,
and reversions transferred by gift before
May 1, 2009, is determined under the
following sections:
T
ransfers
AfterBefore
Applicable
R
egulations
-
01-01-5225.2512–5A(a)
12-31-51
01-01-71
25.2512–5A(b)
12-31-7012-01-83
25.2512–5A(c)
11-30-83
05-01-8925.2512–5A(d)
04-30-89
05-01-9925.2512–5A(e)
04-30-99
05-01-0925.2512–5A(f)
(d)Actuarial valuations on or after
May 1, 2009—(1)In general. Except as
otherwise provided in paragraph (b) of
this section and §25.7520–3(b) (relating
to exceptions to the use of prescribed
tables under certain circumstances), if
the valuation date for the gift is on or
after May 1, 2009, the fair market value
of annuities, life estates, terms of years,
remainders, and reversions transferred on
or after May 1, 2009, is the present value of
such interests determined under paragraph
(d)(2) of this section and by use of standard
or special section 7520 actuarial factors.
These factors are derived by using the
appropriate section 7520 interest rate and,
if applicable, the mortality component for
the valuation date of the interest that is
being valued. See §§25.7520–1 through
25.7520–4. The fair market value of a
qualified annuity interest described in
section 2702(b)(1) and a qualified unitrust
interest described in section 2702(b)(2)
2011–38 I.R.B.401September 19, 2011

is the present value of such interests
determined under §25.7520–1(c).
(2)Specific interests. When the donor
transfers property in trust or otherwise and
retains an interest therein, generally, the
value of the gift is the value of the property
transferred less the value of the donor’s
retained interest. However, if the donor
transfers property after October 8, 1990,
to or for the benefit of a member of the
donor’s family, the value of the gift is the
value of the property transferred less the
value of the donor’s retained interest as de-
termined under section 2702. If the donor
assigns or relinquishes an annuity, life es-
tate, remainder, or reversion that the donor
holds by virtue of a transfer previously
made by the donor or another, the value of
the gift is the value of the interest trans-
ferred. However, see section 2519 for a
special rule in the case of the assignment
of an income interest by a person who re-
ceived the interest from a spouse.
(i)Charitable remainder trusts.The
fair market value of a remainder interest
in a pooled income fund, as defined in
§1.642(c)–5 of this chapter, is its value
determined under §1.642(c)–6(e) (see
§1.642(c)–6A for certain prior periods).
The fair market value of a remainder inter-
est in a charitable remainder annuity trust,
as described in §1.664–2(a), is its present
value determined under §1.664–2(c). The
fair market value of a remainder interest in
a charitable remainder unitrust, as defined
in §1.664–3, is its present value deter-
mined under §1.664–4(e). The fair market
value of a life interest or term for years in
a charitable remainder unitrust is the fair
market value of the property as of the date
of transfer less the fair market value of
the remainder interest, determined under
§1.664–4(e)(4) and (e)(5).
(ii)Ordinary remainder and rever-
sionary interests. If the interest to be
valued is to take effect after a definite
number of years or after the death of
one individual, the present value of the
interest is computed by multiplying the
value of the property by the appropriate
remainder interest actuarial factor (that
corresponds to the applicable section 7520
interest rate and remainder interest pe-
riod) in Table B (for a term certain) or
in Table S (for one measuring life), as
the case may be. Table B is contained
in §20.2031–7(d)(6) of this chapter and
Table S (for one measuring life when
the valuation date is on or after May 1,
2009) is included in §20.2031–7(d)(7)
and Internal RevenueService Publication
1457. See §20.2031–7A containing
Table S for valuation of interests before
May 1, 2009. For information about
obtaining actuarial factors for other types
of remainder interests, see paragraph
(d)(4) of this section.
(iii)Ordinary term-of-years and life in-
terests. If the interest to be valued is the
right of a person to receive the income
of certain property, or to use certain non-
income-producing property, for a term of
years or for the life of one individual, the
present value of the interest is computed
by multiplying the value of the property by
the appropriate term-of-years or life inter-
est actuarial factor (that corresponds to the
applicable section 7520 interest rate and
term-of-years or life interest period). In-
ternal Revenue Service Publication 1457
includes actuarial factors for a remainder
interest after a term of years in Table B
and after the life of one individual in Ta-
ble S (for one measuring life when the val-
uationdateisonorafterMay1,2009).
However, term-of-years and life interest
actuarial factors are not included in Ta-
ble B in §20.2031–7(d)(6) of this chap-
ter or Table S in §20.2031–7(d)(7) (or in
§20.2031–7A). If Internal Revenue Ser-
vice Publication 1457 (or any other reli-
able source of term-of-years and life in-
terest actuarial factors) is not conveniently
available, an actuarial factor for the inter-
est may be derived mathematically. This
actuarial factor may be derived by sub-
tracting the correlative remainder factor
(that corresponds to the applicable sec-
tion 7520 interest rate) in Table B (for a
term of years) in §20.2031–7(d)(6) or in
Table S (for the life of one individual)
in §20.2031–7(d)(7), as the case may be,
from 1.000000. For information about ob-
taining actuarial factors for other types of
term-of-years and life interests, see para-
graph (d)(4) of this section.
(iv)Annuities. (A) If the interest to be
valued is the right of a person to receive
an annuity that is payable at the end of
each year for a term of years or for the
life of one individual, the present value
of the interest is computed by multiplying
the aggregate amount payable annually
by the appropriate annuity actuarial factor
(that corresponds to the applicable section
7520 interest rate and annuity period). In-
ternal Revenue Service Publication 1457
includes actuarial factors in Table B (for a
remainder interest after an annuity payable
for a term of years) and in Table S (for a
remainder interest after an annuity payable
for the life of one individual when the
valuation date is on or after May 1, 2009).
However, annuity actuarial factors are not
included in Table B in §20.2031–7(d)(6) of
this chapter or Table S in §20.2031–7(d)(7)
(or in §20.2031–7A). If Internal Revenue
Service Publication 1457 (or any other re-
liable source of annuity actuarial factors)
is not convenientlyavailable, an annu-
ity factor for a term of years or for one
life may be derived mathematically. This
annuity factor may be derived by sub-
tracting the applicable remainder factor
(that corresponds to the applicable section
7520 interest rate and annuity period) in
Table B (in the case of a term-of-years
annuity) in §20.2031–7(d)(6) or in Table
S (in the case of a one-life annuity) in
§20.2031–7(d)(7), as the case may be,
from 1.000000 and then dividing the result
by the applicable section 7520 interest
rate expressed as a decimal number. See
§20.2031–7(d)(2)(iv) for an example that
illustrates the computation of the present
value of an annuity.
(B) If the annuity is payable at the
end of semiannual, quarterly, monthly,
or weekly periods, the product obtained
by multiplying the annuity factor by the
aggregate amount payable annually is
then multiplied by the applicable ad-
justment factor set forth in Table K in
§20.2031–7(d)(6) at the appropriate in-
terest rate component for payments made
at the end of the specified periods. The
provisions of this paragraph (d)(2)(iv)(B)
are illustrated by the following example:
Example. In July of a year after 2009 but before
2019, the donor agreed to pay the annuitant the sum
of $10,000 per year, payable in equal semiannual in-
stallments at the end of each period. The semiannual
installments are to be made on each December 31st
and June 30th. The annuity is payable until the an-
nuitant’s death. On the date of the agreement, the
annuitant is 68 years and 5 months old. The donee
annuitant’s age is treated as 68 for purposes of com-
puting the present value of the annuity. The section
7520 rate on the date of the agreement is 6.6 percent.
Under Table S in §20.2031–7(d)(7), the factor at 6.6
percent for determining the present value of a remain-
der interest payable at the death of an individual aged
68 is .42001. Converting the remainder factor to an
annuity factor, as described above, the annuity factor
for determining the present value of an annuity trans-
ferred to an individual age 68 is 8.7877 (1.000000 mi-
nus .42001 divided by .066). The adjustment factor
September 19, 20114022011–38 I.R.B.

from Table K in §20.2031–7(d)(6) in the column for
payments made at the end of each semiannual period
at the rate of 6.6 percent is 1.0162. The aggregate
annual amount of the annuity, $10,000, is multiplied
by the factor 8.7877 and the product is multiplied by
1.0162. The present value of the donee’s annuity is,
therefore, $89,300.61 ($10,000 X 8.7877 X 1.0162).
(C) If an annuity is payable at the be-
ginning of annual, semiannual, quarterly,
monthly, or weekly periods for a term of
years, the value of the annuity is com-
puted by multiplying the aggregate amount
payable annually by the annuity factor de-
scribed in paragraph (d)(2)(iv)(A) of this
section; and the product so obtained is then
multiplied by the adjustment factor in Ta-
ble J in §20.2031–7(d)(6) of this chapter at
the appropriate interest rate component for
payments made at the beginning of spec-
ified periods. If an annuity is payable at
the beginning of annual, semiannual, quar-
terly, monthly, or weekly periods for one or
more lives, the value of the annuity is the
sum of the first payment and the present
value of a similar annuity, the first pay-
ment of which is not to be made until the
end of the payment period, determined as
provided in paragraph (d)(2)(iv)(B) of this
section.
(v)Annuity and unitrust interests for
a term of years or until the prior death
of an individual—(A)Annuity interests.
The present value of an annuity interest
that is payable until the earlier to oc-
cur of the lapse of a specific number of
years or the death of an individual may be
computed with values from the tables in
§§20.2031–7(d)(6) and 20.2031–7(d)(7)
of this chapter as described in the follow-
ing example:
Example. The donor transfers $100,000 into a
trust early in 2010, and retains the right to receive
an annuity from the trust in the amount of $6,000
per year, payable in equal semiannual installments
at the end of each period. The semiannual install-
ments are to be made on each June 30th and Decem-
ber 31st. The annuity is payable for 10 years or until
the donor’s prior death. At the time of the transfer,
the donor is 59 years and 6 months old. The donor’s
age is deemed to be 60 for purposes of computing the
present value of the retained annuity. If the section
7520 rate for the month in which the transfer occurs is
5.8 percent, the present value of the donor’s retained
interest would be $42,575.65, determined as follows:
TABLESvalueat5.8percent,age60.................... .34656
TABLESvalueat5.8percent,age70.................... .49025
TABLE2000CMvalueatage70 ....................... 74794
TABLE2000CMvalueatage60 .......................
87595
TABLEBvalueat5.8percent,10years.................. .569041
TABLEKvalueat5.8percent..........................
1.0143
Factor for donor’s retained interest at 5.8 percent:
(
1.00000-.34656)-(.569041X(74794/87595)X(1.00000-.49025))= 6.9959
.058
Present value of donor’s retained interest:
($6,000X6.9959X1.0143)............................ $42,575.65
(B)Unitrust interests. The present
value of a unitrust interest that is payable
until the earlier to occur of the lapse of a
specific number of years or the death of an
individual may be computed with values
from the tables in §§1.664–4(e)(6) and
1.664–4(e)(7) of this chapter as described
in the following example:
Example. The donor who, as of the nearest birth-
day, is 60 years old, transfers $100,000 to a unitrust
on January 1
st
of a year after 2009 but before 2019.
The trust instrument requires that each year the trust
pay to the donor, in equal semiannual installments on
June 30th and December 31st, 6 percent of the fair
market value of the trust assets, valued as of January
1st each year, for 10 years or until the prior death of
the donor. The section 7520 rate for the January in
which the transfer occurs is6.6 percent. Under Table
F(6.6) in §1.664–4(e)(6), the appropriate adjustment
factor is .953317 for semiannual payments payable at
the end of the semiannual period. The adjusted pay-
out rate is 5.720 percent (6% X .953317). The present
value of the donor’s retained interest is $41,920.00
determined as follows:
TAB
LEU(1)valueat5.6percent,age60.................
.33970
TABLEU(1)valueat5.6percent,age70................. .48352
TA
BLE2000CMvalueatage70........................
74
794
TABLE2000CMvalueatage60........................
87
595
TABLEDvalueat5.6percent,10years.................. .561979
F
actor for donor’s retained interest at 5.6 percent:
(1.000000 -.33970) - (.561979 X (74794/87595) X (1.000000 -.48352)) = .41247
TABLEU(1)valueat5.8percent,age60.................
.32846
TABLEU(1)valueat5.8percent,age70.................
.47241
TABLE2000CMvalueatage70........................ 74794
TABLE2000CMvalueatage60........................
87595
TABLEDvalueat5.8percent,10years.................. .550185
2011–38 I.R.B.403September 19, 2011

Factor for donor’s retained interest at 5.8 percent:
(1.000000 -.32846) - (.550185 X (74974/87595) X (1.000000 -.47241)) = .42369
Difference.01122
Interpolation adjustment:
5
.720%-5.6%
0.2%
=x
.01122
x = .00673
Factorat5.6percent,age60............................
.41247
Plus:Interpolationadjustment ..........................00673
InterpolatedFactor....................................41920
Present value of donor’s retained interest:
($100,000X.41920)..................................$41,920.00
(3)Transitional rule. If the valua-
tion date of a transfer of property by
gift is on or after May 1, 2009, and be-
fore July 1, 2009, the fair market value
of the interest transferred is determined
by use of the section 7520 interest rate
for the month in which the valuation
date occurs (see §§25.7520–1(b) and
25.7520–2(a)(2)) and the appropriate actu-
arial tables under either §20.2031–7(d)(7)
or §20.2031–7A(f)(4) of this chapter, at
the option of the donor. However, with
respect to each individual transaction and
with respect to all transfers occurring on
the valuation date, the donor must use the
same actuarial tables (for example, gift
and income tax charitable deductions with
respect to the same transfer must be deter-
mined based on the same tables, and all
transfers made on the same date must be
valuedbasedonthesametables).
(4)Publications and actuarial com-
putations by the Internal Revenue Ser-
vice. Many standard actuarial factors
not included in §20.2031–7(d)(6) or
§20.2031–7(d)(7) of this chapter are in-
cluded in Internal Revenue Service Publi-
cation 1457, “Actuarial Valuations Version
3A” (2009). Internal Revenue Service
Publication 1457 also includes examples
that illustrate how to compute many spe-
cial factors for more unusual situations. A
copy of this publication is available, at no
charge, electronically via the IRS Internet
site atwww.irs.gov. If a special factor is
required in the case of a completed gift,
the Internal Revenue Service may furnish
the factor to the donor upon a request for
a ruling. The request for a ruling must
be accompanied by a recitation of the
facts including a statement of the date of
birth for each measuring life, the date of
the gift, any other applicable dates, and a
copy of the will, trust, or other relevant
documents. A request for a ruling must
comply with the instructions for request-
ing a ruling published periodically in the
Internal Revenue Bulletin (see §§601.201
and 601.601(d)(2)(ii)(b)ofthischapter)
and include payment of the required user
fee.
(e)Effective/applicability date.This
section applies on and after May 1, 2009.
§25.2512–5T [Removed]
Par. 24. Section 25.2512–5T is re-
moved.
§25.2512–5A [Amended]
Par. 24A. Section 25.2512–5A(f)(1) is
amended by removing “§25.2512–5T(d)”
from the first sentence and adding
“§25.2512–5(d)” in its place.
Par. 25. Section 25.2522(c)–3 is
amended by revising paragraph (e) to read
as follows:
§25.2522(c)–3 Transfers not exclusively
for charitable, etc., purposes in the case
of gifts made after July 31, 1969.
*****
(e)Effective/applicability date.This
section applies only to gifts made after
July 31, 1969. In addition, the rule in
paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a)
of this section that guaranteed annuity
interests or unitrust interests, respectively,
may be payable for a specified term of
years or for the life or lives of only certain
individuals applies to transfers made on
or after April 4, 2000. If a transfer is
made on or after April 4, 2000, that uses
an individual other than one permitted in
paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a)
of this section, the interest may be
reformed into a lead interest payable for
a specified term of years. The term of
years is determined by taking the factor for
valuing the annuity or unitrust interest for
the named individual measuring life and
identifying the term of years (rounded up
to the next whole year) that corresponds to
the equivalent term of years factor for an
annuity or unitrust interest. For example,
in the case of an annuity interest payable
for the life of an individual age 40 at the
time of the transfer on or after May 1, 2009
(the effective date of Table S), assuming
an interest rate of 7.4 percent under section
7520, the annuity factor from column 1 of
Table S(7.4), contained in IRS Publication
1457,Actuarial Valuations Version 3A,for
the life of an individual age 40 is 12.1519
(1 - .10076 / .074). Based on Table B(7.4),
contained in Publication 1457, “Actuarial
Valuations Version 3A”, the factor 12.1519
corresponds to a term of years between
32 and 33 years. Accordingly, the annuity
interest must be reformed into an interest
payable for a term of 33 years. A judicial
reformation must be commenced prior to
October 15th of the year following the year
in which the transfer is made and must be
completed within a reasonable time after it
is commenced. A non-judicial reformation
is permitted if effective under state law,
provided it is completed by the date on
which a judicial reformation must be
September 19, 20114042011–38 I.R.B.

commenced. In the alternative, if a court,
in a proceeding that is commenced on or
before July 5, 2001, declares any transfer,
made on or after April 4, 2000, and on or
before March 6, 2001, null and voidab
initio, the Internal Revenue Service will
treat such transfers in a manner similar to
that described in section 2055(e)(3)(J).
§25.2522(c)–3T [Removed]
Par. 26. Section 25.2522(c)–3T is re-
moved.
Par. 27. Section 25.7520–1 is amended
by revising the section heading and by
revising paragraphs (a)(1), (a)(2), (b)(2),
(c)(1), (c)(2), and (d) to read as follows:
§25.7520–1 Valuation of annuities,
unitrust interests, interests for life
or terms of years, and remainder or
reversionary interests.
(a)General actuarial valuations.(1)
Except as otherwise provided in this sec-
tion and in §25.7520–3(b) (relating to ex-
ceptions to the use of prescribed tables un-
der certain circumstances), in the case of
certain gifts after April 30, 1989, the fair
market value of annuities, interests for life
or for a term of years (including unitrust in-
terests), remainders, and reversions is their
present value determined under this sec-
tion. See §20.2031–7(d) of this chapter
(and, for periods prior to May 1, 2009,
§20.2031–7A) for the computation of the
value of annuities, unitrust interests, life
estates, terms for years, remainders, and
reversions, other than interests described
in paragraphs (a)(2) and (a)(3) of this sec-
tion.
(2) In the case of a gift to a ben-
eficiary of a pooled income fund, see
§1.642(c)–6(e) of this chapter (or, for pe-
riods prior to May 1, 2009, §1.642(c)–6A)
with respect to the valuation of the re-
mainder interest.
*****
(b) * * *
(2)Mortality component.Themortal-
ity component reflects the mortality data
most recently available from the United
States census. As new mortality data be-
comes available after each decennial cen-
sus, the mortality component described in
this section will be revised and the re-
vised mortality component tables will be
published in the regulations at that time.
For gifts with valuation dates on or af-
ter May 1, 2009, the mortality compo-
nent table (Table 2000CM) is contained
in §20.2031–7(d)(7). See §20.2031–7A of
this chapter for mortality component tables
applicable to gifts for which the valuation
date falls before May 1, 2009.
(c) * * *
(1)Regulation sections containing ta-
bles with interest rates between 0.2 and
14 percent for valuation dates on or after
May 1, 2009. Section 1.642(c)–6(e)(6)
of this chapter contains Table S used for
determining the present value of a single
life remainder interest in a pooled in-
come fund as defined in §1.642(c)–5. See
§1.642(c)–6A for single life remainder
factors applicable to valuation dates be-
fore May 1, 2009. Section 1.664–4(e)(6)
contains Table F (payout factors) and
Table D (actuarial factors used in deter-
mining the present value of a remainder
interest postponed for a term of years).
Section 1.664–4(e)(7) contains Table U(1)
(unitrust single life remainder factors).
These tables are used in determining the
present value of a remainder interest in a
charitable remainder unitrust as defined
in §1.664–3. See §1.664–4A for unitrust
single life remainder factors applicable
to valuation dates before May 1, 2009.
Section 20.2031–7(d)(6) of this chapter
contains Table B (actuarial factors used
in determining the present value of an
interest for a term of years), Table K
(annuity end-of-interval adjustment fac-
tors), and Table J (term certain annuity
beginning-of-interval adjustment factors).
Section 20.2031–7(d)(7) contains Table S
(single life remainder factors), and Table
2000CM (mortality components). These
tables are used in determining the present
value of annuities, life estates, remainders,
and reversions. See §20.2031–7A for sin-
gle life remainder factors and mortality
components applicable to valuation dates
before May 1, 2009.
(2)Internal Revenue Service publica-
tions containing tables with interest rates
between 0.2 and 22 percent for valuation
dates on or after May 1, 2009.The follow-
ing documents are available, at no charge,
electronically via the IRS Internet site at
www.irs.gov:
(i) Internal Revenue Service Publica-
tion 1457, “Actuarial Valuations Version
3A” (2009). This publication includes ta-
bles of valuation factors, as well as exam-
ples that show how to compute other valu-
ation factors, for determining the present
value of annuities, life estates, terms of
years, remainders, and reversions, mea-
sured by one or two lives. These factors
mayalsobeusedinthevaluationofin-
terests in a charitable remainder annuity
trust as defined in §1.664–2 and a pooled
income fund as defined in §1.642(c)–5 of
this chapter.
(ii) Internal Revenue Service Publica-
tion 1458, “Actuarial Valuations Version
3B“ (2009). This publication includes
term certain tables and tables of one and
two life valuation factors for determining
the present value of remainder interests in
acharitableremainder unitrust as defined
in §1.664–3 of this chapter.
(iii) Internal Revenue Service Publica-
tion 1459, “Actuarial Valuations Version
3C” (2009). This publication includes
tables for computing depreciation adjust-
ment factors. See §1.170A–12 of this
chapter.
(d)Effective/applicability date.This
section applies on and after May 1, 2009.
§25.7520–1T [Removed]
Par. 28. Section 25.7520–1T is re-
moved.
Par. 29. Section 25.7520–3 is amended
by revising paragraph (b)(2)(v),Example
5, paragraph (b)(4), and paragraph (c) to
read as follows:
§25.7520–3 Limitation on the application
of section 7520.
*****
(b) * * *
(2) * * *
(v) * * *
Example 5.Eroding corpus in an annuity trust.
(i) The donor, who is age 60 and in normal health,
transfers property worth $1,000,000 to a trust on or
after May 1, 2009, but before 2019. The trust will pay
a 10 percent ($100,000 per year) annuity to a chari-
table organization for the life of the donor, payable
annually at the end of each period, and the remain-
der then will be distributed to the donor’s child. The
section 7520 rate for the month of the transfer is 6.8
percent. First, it is necessary to determine whether
the annuity may exhaust the corpus before all annuity
payments are made. Because it is assumed that any
measuring life may survive until age 110, any life an-
nuity could require payments until the measuring life
reaches age 110. Based on a section 7520 interest rate
of 6.8 percent, the determination of whether the an-
nuity may exhaust the corpus before the termination
of the annuity interest is made as follows:
2011–38 I.R.B.405September 19, 2011

Agetowhichlifeannuitymaycontinue .................. 110
less:Ageofmeasuringlifeatdateoftransfer........... 6
0
Numberofyearsannuitymaycontinue................
50
Annualannuitypayment ...........................
$100,000.00
times: Annuity factor for 50 years
derived from Table B
(1-.037277/.068)...................
1
4.1577
Presentvalueoftermcertainannuity..................
$1,415,770.00
(ii) Because the present value of an annuity for a
term of 50 years exceeds the corpus, the annuity may
exhaust the trust before all payments are made. Con-
sequently, the annuity must be valued as an annuity
payable for a term of years or until the prior death of
the annuitant, with the term of years determined by
when the fund will be exhausted by the annuity pay-
ments.
(iii) The annuity factor for a term of years at
6.8 percent is derived by subtracting the applicable
remainder factor in Table B (see §20.2031–7(d)(6))
from 1.000000 and then dividing the result by .068.
An annuity of $100,000 payable at the end of each
year for a period that has an annuity factor of 10.0
would have a present value exactly equal to the
principal available to pay the annuity over the term.
The annuity factor for 17 years is 9.8999 and the
annuity factor for 18 years is 10.2059. Thus, it
is determined that the $1,000,000 initial transfer
will be sufficient to make 17 annual payments of
$100,000, but not to make the entire 18th payment.
The present value of an annuity of $100,000 payable
at the end of each year for 17 years is $100,000
times 9.8999 or $989,990. The remaining amount is
$10,010.00. Of the initial corpus amount, $10,010.00
is not needed to make payments for 17 years, so
this amount, as accumulated for 18 years, will be
available for the final payment. The 18-year accu-
mulation factor is (1 + 0.068)
18
or 3.268004, so the
amount available in 18 years is $10,010.00 times
3.268004 or $32,712.72. Therefore, for purposes
of analysis, the annuity payments are considered to
be composed of two distinct annuity components.
The two annuity components taken together must
equal the total annual amount of $100,000. The
first annuity component is the exact amount that
the trust will have available for the final payment,
$32,712.72. The second annuity component then
must be $100,000 minus $32,712.72, or $67,287.28.
Specifically, the initial corpus will be able to make
payments of $67,287.28 per year for 17 years plus
payments of $32,712.72 per year for 18 years. The
total annuity is valued by adding the value of the two
separate annuity components.
(iv) Based on Table H of Publication 1457,
Actuarial Valuations Version 3A, which may be ob-
tained from the IRS Internet site, the present value
of an annuity of $67,287.28 per year payable for 17
years or until the prior death of a person aged 60 is
$597,013.12 ($67,287.28 X 8.8726). The present
value of an annuity of $32,712.72 per year payable
for 18 years or until the prior death of a person aged
60 is $296,887.56 ($32,712.72 X 9.0756). Thus,
the present value of the charitable annuity interest is
$893,900.68 ($597,013.12 + $296,887.56).
*****
(4)Example. The provisions of para-
graph (b)(3) of this section are illustrated
by the following example:
Example.Terminal illness. The donor transfers
property worth $1,000,000 to a child on or after
May 1, 2009 but before 2019, in exchange for the
child’s promise to pay the donor $80,000 per year for
the donor’s life, payable annually at the end of each
period. The donor is age 75 but has been diagnosed
with an incurable illness and has at least a 50 percent
probability of dying within 1 year. The section
7520 interest rate for the month of the transfer is
7.6 percent, and the standard annuity factor at that
interest rate for a person age 75 in normal health is
6.6493 (1 - .49465 / .076). Thus, if the donor were not
terminally ill, the present value of the annuity would
be $531,944.00 ($80,000 X 6.6493). Assuming the
presumption provided in paragraph (b)(3) of this
section does not apply, because there is at least a 50
percent probability that the donor will die within 1
year, the standard section 7520 annuity factor may
not be used to determine the present value of the
donor’s annuity interest. Instead, a special section
7520 annuity factor must be computed that takes
into account the projection of the donor’s actual life
expectancy.
*****
(c)Effective/applicability dates. Sec-
tion 25.7520–3(a) is effective as of May 1,
1989. The provisions of paragraph (b)
of this section, exceptExample 5in
paragraph (b)(2)(v) and paragraph (b)(4),
are effective with respect to gifts made
after December 13, 1995.Example 5in
paragraph (b)(2)(v) and paragraph (b)(4)
are effective with respect to gifts made on
or after May 1, 2009.
§25.7520–3T [Removed]
Par. 30. Section 25.7520–3T is re-
moved.
Steven T. Miller,
Deputy Commissioner for
Services and Enforcement.
Approved July 22, 2011.
Emily S. McMahon,
Assistant Secretary of
theTreasury(TaxPolicy).
(Filed by the Office of the Federal Register on August 9,
2011, 8:45 a.m., and published in the issue of the Federal
Register for August 10, 2011, 76 F.R. 49570)
September 19, 20114062011–38 I.R.B.

Part III. Administrative, Procedural, and Miscellaneous
Tax Treatment of
Employer-Provided Cell
Phones
Notice 2011–72
PURPOSE
This notice provides guidance on
the tax treatment of cellular telephones
or other similar telecommunications
equipment (hereinafter collectively “cell
phones”) that employers provide to their
employees primarily for noncompensatory
business purposes.
BACKGROUND
Section 2043 of the Small Business
Jobs Act of 2010, Pub. L. No. 111–240,
(the Act) removed cell phones from the
definition of listed property for taxable
years beginning after December 31, 2009.
The Act did not otherwise alter the re-
quirement that an employer-provided cell
phone is a fringe benefit, the value of
which must be included in the employee’s
gross income, unless an exclusion ap-
plies, or the potential treatment of an
employer-provided cell phone as an ex-
cludible fringe benefit. Since enactment
of the Act, the IRS has received ques-
tions about the proper tax treatment of
employer-provided cell phones. Accord-
ingly, this notice addresses the treatment
of employer-provided cell phones as an
excludible fringe benefit.
Gross Income
Section 61 of the Internal Revenue
Code (Code) defines gross income as all
income, from whatever source derived.
Section 61(a)(1) provides that gross in-
come includes compensation for services,
including fees, commissions, fringe ben-
efits, and similar items. A fringe benefit
provided by an employer to an employee
is presumed to be income to the em-
ployee unless it is specifically excluded
from gross income by another section of
the Code.SeeIncome Tax Regulations
§ 1.61–21(a).
Working Condition Fringe Benefits
Section 132(a)(3) of the Code provides
that gross income does not include any
fringe benefit which qualifies as a working
condition fringe. Section 132(d) provides
that “working condition fringe” means any
property or servicesprovided to an em-
ployee of the employer to the extent that, if
the employee paid for such property or ser-
vices, such payment would be allowable as
a deduction under §§ 162 or 167.
Section 1.132–5(a)(1)(ii) of the Income
Tax Regulations (Regulations) provides
that if, under section 274 or any other sec-
tion, certain substantiation requirements
must be met in order for a deduction un-
der§§162or167tobeallowable,then
those substantiation requirements apply
when determining whether a property
or service is excludable as a working
condition fringe.See alsoRegulations
§ 1.132–5(c)(1).
Section 162(a) of the Code provides
that a deduction is allowed for all the or-
dinary and necessary expenses paid or in-
curred during the taxable year in carrying
on any trade or business. However, section
262(a) of the Code provides that, except
as otherwise expressly provided, no deduc-
tion shall be allowed for personal, living,
or family expenses.
In the case of certain listed property, as
defined in section 280F(d)(4) of the Code,
special heightened substantiation rules ap-
ply. Section 274(d)(4) of the Code pro-
vides that no deduction shall be allowed
with respect to any listed property (as de-
fined in § 280F(d)(4)), unless the taxpayer
substantiates by adequate records or by
sufficient evidence corroborating the tax-
payer’s own statement (A) the amount of
such expense or other item, (B) the use of
the property, (C) the business purpose of
the expense or other item, and (D) the busi-
ness relationship to the taxpayer of persons
using the property.
The Act removed cell phones from the
definition of listed property for taxable
years beginning after December 31, 2009.
Because the Act removed cell phones from
the definition of listed property, the height-
ened substantiation requirements that ap-
plytolistedpropertynolongerapplyto
cell phones for taxable years beginning af-
ter December 31, 2009.
De Minimis Fringe Benefits
Section
132(a)(4) of the Code provides
that gro
ss income does not include any
fringe b
enefit which qualifies as ade min-
imisfri
nge. Section 132(e) defines ade
minimis
fringe as any property or service
the val
ue of which is (after taking into
accoun
t the frequency with which similar
fringe
s are provided by the employer to
the emp
loyer’s employees) so small as to
make a
ccounting for it unreasonable or
admin
istratively impracticable. Except as
speci
fically provided (i.e., occasional meal
money
or local transportation fare and
reimb
ursements for public transit passes),
a cas
h fringe benefit is not excludable
as ad
e minimisfringe.SeeRegulations
§1.1
32–6(c).
Guidance Regarding Employer-Provided
Cell Phones
Many employers provide their employ-
ees with cell phones primarily for non-
compensatory business reasons. The value
of the business use of an employer-pro-
vided cell phone is excludable from an em-
ployee’s income as a working condition
fringe to the extent that, if the employee
paid for the use of the cell phone them-
selves, such payment would be allowable
as a deduction under section 162 for the
employee.
An employer will be considered to have
provided an employee with a cell phone
primarily for noncompensatory business
purposes if there are substantial reasons
relating to the employer’s business, other
than providing compensation to the em-
ployee, for providing the employee with a
cell phone. For example, the employer’s
need to contact the employee at all times
for work-related emergencies, the em-
ployer’s requirement that the employee
be available to speak with clients at times
when the employee is away from the of-
fice, and the employee’s need to speak
with clients located in other time zones at
times outside of the employee’s normal
work day are possible substantial noncom-
pensatory business reasons. A cell phone
provided to promote the morale or good
will of an employee, to attract a prospec-
tive employee or as a means of furnishing
additional compensation to an employee
2011–38 I.R.B.407September 19, 2011

is not provided primarily for noncompen-
satory business purposes.
This notice provides that, when an
employer provides an employee with a
cell phone primarily for noncompensatory
business reasons, the IRS will treat the
employee’s use of the cell phone for rea-
sons related to the employer’s trade or
business as a working condition fringe
benefit, the value of which is excludable
from the employee’s income and, solely
for purposes of determining whether the
working condition fringe benefit provision
in section 132(d) applies, the substantia-
tion requirements that the employee would
have to meet in order for a deduction un-
der §162 to be allowable are deemed to be
satisfied. In addition, the IRS will treat
the value of any personal use of a cell
phone provided by the employer primarily
for noncompensatory business purposes
as excludable from the employee’s in-
come as ade minimisfringe benefit. The
rules of this notice apply to any use of an
employer-provided cell phone occurring
after December 31, 2009. The application
of the working condition andde minimis
fringe benefit exclusions under this notice
apply solely to employer-provided cell
phones and should not be interpreted as
applying to other fringe benefits.
EFFECTIVE DATE
This notice is effective for all taxable
years after December 31, 2009.
CONTACT INFORMATION
The principal author of this notice is
Joseph Perera of the Office of Associate
Chief Counsel (Tax Exempt & Govern-
ment Entities). For further information re-
garding this notice, contact Joseph Perera
at (202) 622–6040 (not a toll-free call).
September 19, 20114082011–38 I.R.B.

Part IV. Items o
fGeneralInterest
Notice of Disp
osition of
Declaratory J
udgment
Proceedings U
nder Section
7428
Announcemen
t 2011–50
This announc
ement serves notice to
donors that o
n May 12, 2010, the United
States Dist
rict Court of the District of
Columbia en
tered stipulation dismissing
the case inv
olving the below-referenced
organizati
on with prejudice. The organ-
ization li
sted below is not recognized
as an organ
ization described in section
501(c)(3)
and is not exempt from tax under
section 50
1(a) and is not an organization
described
in section 170(c)(2).
National C
redit Counseling Services, Inc.
Orlando,
FL
Notice of
Disposition of
Declarat
ory Judgment
Proceedi
ngs Under Section
7428
Announc
ement 2011–51
This ann
ouncement serves notice to
donors t
hat on April 9, 2010, the United
States
Tax Court entered a stipulated de-
cision
that the organization listed below is
recogn
ized as an organization described in
sectio
n 501(c)(3), and is exempt from tax
under s
ection 501(a).
Love Qu
est Children’s Foundation
Cinci
nnati, OH
Notic
e of Disposition of
Decla
ratory Judgment
Proce
edings Under Section
7428
Anno
uncement 2011–52
This
announcement serves notice to
dono
rs that on March 3, 2011, the United
Stat
es Tax Court entered stipulated de-
cisi
on. Effective January 1, 1998, the
organization
listed below is not recognized
as an organiza
tion described in section
501(c)(3), is
notexemptfromtaxation
under section
501(a), and is not an organi-
zation descri
bed in section 170(c)(2).
Xelan Founda
tion AKA Significance
Foundation
Tampa, FL
Notice of Dis
position of
Declarator
yJudgment
Proceedin
gs Under Section
7428
Announcem
ent 2011–53
This annou
ncement serves notice to
donors th
at on March 22, 2011, the United
States Ta
x Court entered a stipulated de-
cision. E
ffective January 1, 2004, the
organiza
tion listed below is not qualified
as an org
anization described in I.R.C.
§ 501(c)
(3), is not exempt from taxation
under I.
R.C. § 501(a), and is not an organ-
ization
described in I.R.C. § 170(c)(2).
HelpAme
rica, Inc
Montgo
mery Village, MD
Notice
of Disposition of
Declar
atory Judgment
Proce
edings Under Section
7428
Annou
ncement 2011–54
This
announcement serves notice to
dono
rs that on March 20, 2009, the United
Stat
es Tax Court entered a stipulated de-
cisi
on. Effective January 1, 2003, the
orga
nization listed below is qualified
as a
n organization described in I.R.C.
§50
1(c)(3), as amended, and is exempt
fro
m taxation under I.R.C. § 501(a).
Fin
ancial Policy Forum
Was
hington, DC
Notice of Disp
osition of
Declaratory J
udgment
Proceedings U
nder Section
7428
Announcemen
t 2011–55
This announc
ement serves notice to
donors that o
n January 6, 2009, the United
States Tax C
ourt entered a stipulated deci-
sion that th
at the organization listed below
is not recog
nized as an organization de-
scribedins
ection 501(c)(3), is not exempt
from tax un
der section 501(a), and is not
eligible t
o receive deductible charitable
contribut
ions as an organization described
in section
170(c)(2).
Bear Soldi
er Industries
Bismarck,
ND
Notice of
Disposition of
Declarat
ory Judgment
Proceedi
ngs Under Section
7428
Announc
ement 2011–56
This ann
ouncement serves notice to
donors t
hat on April 21, 2009, the United
States T
ax Court dismissed the 7428 ac-
tion an
d determined that the organization
listed
below is not recognized as an organ-
izatio
n described in section 501(c)(3), is
not exe
mpt from tax under section 501(a),
and is n
ot eligible to receive deductible
chari
table contributions as an organization
descr
ibed in section 170(c)(2).
Ameri
ca’s Faith Centered Education, Inc.
Sandy
,UT
Notic
e of Disposition of
Decla
ratory Judgment
Proc
eedings Under Section
7428
Anno
uncement 2011–57
This
announcement serves notice to
dono
rs that on February 28, 2011, the
2011–38 I.R.B.409September 19, 2011

United States Tax Court entered stipulated
decision. Effective January 1, 2003, the
organization listed below is not recognized
as an organization described in section
501(c)(3), is not exempt from tax under
section 501(a), and is not an organization
describedinsection170(c)(2).
DPA Alliance Corporation
Provo, UT
Section 7428(c) Validation
of Certain Contributions
Made During Pendency
of Declaratory Judgment
Proceedings
Announcement 2011–58
This announcement serves notice to po-
tential donors that the organization listed
below has recently filed a timely declara-
tory judgment suit under section 7428 of
the Code, challenging revocation of its
status as an eligible donee under section
170(c)(2).
Protection under section 7428(c) of the
Code begins on the date that the notice
of revocation is published in the Internal
Revenue Bulletin and ends on the date
on which a court first determines that an
organization is not described in section
170(c)(2), as more particularly set forth in
section 7428(c)(1).
In the case of individual contributors,
the maximum amount of contributions
protected during this period is limited to
$1,000.00, with a husband and wife being
treated as one contributor. This protection
is not extended to any individual who was
responsible, in whole or in part, for the
acts or omissions of the organizations that
were the basis for the revocation.
This protection also applies (but with-
out limitation as to amount) to organiza-
tions described in section 170(c)(2) which
are exempt from tax under section 501(a).
If the organization ultimately prevails in its
declaratory judgment suit, deductibility of
contributions would be subject to the nor-
mal limitations set forth under section 170.
Chadwell-Townsend Private Foundation
Bellbrook, OH
Partners in Charity, Inc.
W. Dundee, IL
September 19, 20114102011–38 I.R.B.

Definition of Terms
Revenue rulings and revenue procedures
(hereinafter referred to as “rulings”) that
have an effect on previous rulings use the
following defined terms to describe the ef-
fect:
Amplifieddescribes a situation where
no change is being made in a prior pub-
lished position, but the prior position is be-
ingextendedtoapplytoavariationofthe
fact situation set forth therein. Thus, if
an earlier ruling held that a principle ap-
plied to A, and the new ruling holds that the
same principle also applies to B, the earlier
ruling is amplified. (Compare withmodi-
fied,below).
Clarifiedis used in those instances
where the language in a prior ruling is be-
ing made clear because the language has
caused, or may cause, some confusion.
It is not used where a position in a prior
ruling is being changed.
Distinguisheddescribes a situation
where a ruling mentions a previously pub-
lished ruling and points out an essential
difference between them.
Modifiedis used where the substance
of a previously published position is being
changed. Thus, if a prior ruling held that a
principle applied to A but not to B, and the
new ruling holds that it applies to both A
and B, the prior ruling is modified because
it corrects a published position. (Compare
withamplifiedandclarified, above).
Obsoleteddescribes a previously pub-
lished ruling that is not considered deter-
minative with respect to future transac-
tions. This term is most commonly used in
a ruling that lists previously published rul-
ings that are obsoleted because of changes
in laws or regulations. A ruling may also
be obsoleted because the substance has
been included in regulations subsequently
adopted.
Revokeddescribes situations where the
position in the previously published ruling
is not correct and the correct position is
beingstatedinanewruling.
Supersededdescribes a situation where
the new ruling does nothing more than re-
state the substance and situation of a previ-
ously published ruling (or rulings). Thus,
the term is used to republish under the
1986 Code and regulations the same po-
sition published under the 1939 Code and
regulations. The term is also used when
it is desired to republish in a single rul-
ing a series of situations, names, etc., that
were previously published over a period of
time in separate rulings. If the new rul-
ing does more than restate the substance
of a prior ruling, a combination of terms
is used. For example,modifiedandsu-
persededdescribes a situation where the
substance of a previously published ruling
is being changed in part and is continued
without change in part and it is desired to
restate the valid portion of the previously
published ruling in a new ruling that is self
contained. In this case, the previously pub-
lished ruling is first modified and then, as
modified, is superseded.
Supplementedis used in situations in
which a list, such as a list of the names of
countries, is published in a ruling and that
list is expanded by adding further names in
subsequent rulings. After the original rul-
ing has been supplemented several times, a
new ruling may be published that includes
the list in the original ruling and the ad-
ditions, and supersedes all prior rulings in
the series.
Suspendedis used in rare situations to
show that the previous published rulings
will not be applied pending some future
action such as the issuance of new or
amended regulations, the outcome of cases
in litigation, or the outcome of a Service
study.
Abbreviations
The fol
lowing abbreviations in current use
and for
merly used will appear in material
publis
hedintheBulletin.
A—Individual.
Acq.—A
cquiescence.
B—Individual.
BE—Beneficiary.
BK—Bank
.
B.T.A.—Board of Tax Appeals.
C—Individual.
C.B.—Cu
mulative Bulletin.
CFR—Code of Federal Regulations.
CI—City.
COOP—Coo
perative.
Ct.D.—Court Decision.
CY—County.
D—Decede
nt.
DC—Dummy Corporation.
DE—Donee.
Del. Order
—Delegation Order.
DISC—Domestic International Sales Corporation.
DR—Donor.
E—Estate.
EE—Employee.
E.O.—Executive Order.
ER—Emp
loyer.
ERISA—Employee Retirement Income Security Act.
EX—Executor.
F—Fiduc
iary.
FC—Foreign Country.
FICA—Federal Insurance Contributions Act.
FISC—Fo
reign International Sales Company.
FPH—Foreign Personal Holding Company.
F.R.—Federal Register.
FUTA—Fed
eral Unemployment Tax Act.
FX—Foreign corporation.
G.C.M.—Chief Counsel’s Memorandum.
GE—Grante
e.
GP—General Partner.
GR—Grantor.
IC—Insura
nce Company.
I.R.B.—Internal Revenue Bulletin.
LE—Lessee.
LP—Limited
Partner.
LR—Lessor.
M—Minor.
Nonacq.—No
nacquiescence.
O—Organization.
P—Parent Corporation.
PHC—Persona
l Holding Company.
PO—Possession of the U.S.
PR—Partner.
PRS—Pa
rtnership.
PTE—Prohibited Transaction Exemption.
Pub. L.—Public Law.
REIT—Re
al Estate Investment Trust.
Rev. Proc.—Revenue Procedure.
Rev. Rul.—Revenue Ruling.
S—Subsi
diary.
S.P.R.—Statement of Procedural Rules.
Stat.—Statutes at Large.
T—Target
Corporation.
T.C.—Tax Court.
T.D.—Treasury Decision.
TFE—Trans
feree.
TFR—Transferor.
T.I.R.—Technical Information Release.
TP—Taxpay
er.
TR—Trust.
TT—Trustee.
U.S.C.—Uni
ted States Code.
X—Corporation.
Y—Corporation.
Z—Corporat
ion.
2011–38 I.R.B.iSeptember 19, 2011

Numerical Finding List
1
Bulletins 2011–27 through 2011–38
Announcements:
2011-37, 2011-27 I.R.B.37
2011-38, 2011-28 I.R.B.45
2011-39, 2011-28 I.R.B.46
2011-40, 2011-29 I.R.B.56
2011-41, 2011-28 I.R.B.47
2011-42, 2011-32 I.R.B.138
2011-43, 2011-35 I.R.B.198
2011-44, 2011-33 I.R.B.164
2011-45, 2011-34 I.R.B.178
2011-46, 2011-34 I.R.B.178
2011-47, 2011-34 I.R.B.178
2011-48, 2011-36 I.R.B.227
2011-49, 2011-36 I.R.B.228
2011-50, 2011-38 I.R.B.409
2011-51, 2011-38 I.R.B.409
2011-52, 2011-38 I.R.B.409
2011-53, 2011-38 I.R.B.409
2011-54, 2011-38 I.R.B.409
2011-55, 2011-38 I.R.B.409
2011-56, 2011-38 I.R.B.409
2011-57, 2011-38 I.R.B.409
2011-58, 2011-38 I.R.B.410
2011-59, 2011-37 I.R.B.335
Notices:
2011-47, 2011-27 I.R.B.34
2011-50, 2011-27 I.R.B.35
2011-51, 2011-27 I.R.B.36
2011-52, 2011-30 I.R.B.60
2011-53, 2011-32 I.R.B.124
2011-54, 2011-29 I.R.B.53
2011-55, 2011-29 I.R.B.53
2011-56, 2011-29 I.R.B.54
2011-57, 2011-31 I.R.B.84
2011-58, 2011-31 I.R.B.85
2011-59, 2011-31 I.R.B.86
2011-60, 2011-31 I.R.B.90
2011-61, 2011-31 I.R.B.91
2011-62, 2011-32 I.R.B.126
2011-63, 2011-34 I.R.B.172
2011-64, 2011-37 I.R.B.231
2011-65, 2011-34 I.R.B.173
2011-66, 2011-35 I.R.B.184
2011-67, 2011-34 I.R.B.174
2011-68, 2011-36 I.R.B.205
2011-70, 2011-32 I.R.B.135
2011-71, 2011-37 I.R.B.233
2011-72, 2011-38 I.R.B.407
Proposed Regulations:
REG-137128-08, 2011-28 I.R.B.43
Proposed Regulations— Continued:
REG-125592-10, 2011-32 I.R.B.137
REG-131491-10, 2011-36 I.R.B.208
REG-101352-11, 2011-30 I.R.B.75
REG-109006-11, 2011-37 I.R.B.334
REG-118809-11, 2011-33 I.R.B.162
REG-122813-11, 2011-35 I.R.B.197
Revenue Procedures:
2011-38, 2011-30 I.R.B.66
2011-39, 2011-30 I.R.B.68
2011-40, 2011-37 I.R.B.235
2011-41, 2011-35 I.R.B.188
2011-42, 2011-37 I.R.B.318
2011-43, 2011-37 I.R.B.326
Revenue Rulings:
2011-14, 2011-27 I.R.B.31
2011-15, 2011-30 I.R.B.57
2011-16, 2011-32 I.R.B.93
2011-17, 2011-33 I.R.B.160
2011-19, 2011-36 I.R.B.199
2011-20, 2011-36 I.R.B.202
Treasury Decisions:
9527, 2011-27 I.R.B.1
9528, 2011-28 I.R.B.38
9529, 2011-30 I.R.B.57
9530, 2011-31 I.R.B.77
9531, 2011-31 I.R.B.79
9532, 2011-32 I.R.B.95
9533, 2011-33 I.R.B.139
9534, 2011-33 I.R.B.144
9537, 2011-35 I.R.B.181
9538, 2011-37 I.R.B.229
9539, 2011-35 I.R.B.179
9540, 2011-38 I.R.B.341
1
A cumulative list of all revenue rulings, revenue procedures, Treasury decisions, etc., published in Internal Revenue Bulletins 2011–1 through 2011–26 is in Internal Revenue Bulletin
2011–26, dated June 27, 2011.
September 19, 2011ii2011–38 I.R.B.

Finding List of Current Actions on
Previously Published Items
1
Bulletins 2011–27 through 2011–38
Announcements:
2007-47
Updated and superseded by
Ann. 2011-59, 2011-37 I.R.B.335
Notices:
2006-101
Amplified and superseded by
Notice 2011-64, 2011-37 I.R.B.231
2010-23
Modified and supplemented by
Notice 2011-54, 2011-29 I.R.B.53
2010-81
Amended and supplemented by
Notice 2011-63, 2011-34 I.R.B.172
2010-88
Modified by
Ann. 2011-40, 2011-29 I.R.B.56
Proposed Regulations:
REG-118761-09
Hearing scheduled by
Ann. 2011-38, 2011-28 I.R.B.45
REG-151687-10
Hearing scheduled by
Ann. 2011-48, 2011-36 I.R.B.227
Revenue Procedures:
72-36
Amplified and modified by
Rev. Proc. 2011-42, 2011-37 I.R.B.318
2004-29
Amplified and modified by
Rev. Proc. 2011-42, 2011-37 I.R.B.318
2007-35
Amplified and modified by
Rev. Proc. 2011-42, 2011-37 I.R.B.318
2008-24
Modified and superseded by
Rev. Proc. 2011-38, 2011-30 I.R.B.66
2008-32
Superseded by
Rev. Proc. 2011-39, 2011-30 I.R.B.68
2011-14
Modified by
Rev. Proc. 2011-43, 2011-37 I.R.B.326
2011-35
Amplified and modified by
Rev. Proc. 2011-42, 2011-37 I.R.B.318
Revenue Rulings:
58-225
Obsoleted by
Rev. Rul. 2011-15, 2011-30 I.R.B.57
Treasury Decisions:
9527
Corrected by
Ann. 2011-49, 2011-36 I.R.B.228
1
A cumulative list of current actions on previously published items in Internal Revenue Bulletins 2011–1 through 2011–26 is in Internal Revenue Bulletin 2011–26, dated June 27, 2011.
2011–38 I.R.B.iiiSeptember 19, 2011

September 19, 20112011–38 I.R.B.

2011–38 I.R.B.September 19, 2011

September 19, 20112011–38 I.R.B.

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