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Revenue Ruling

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 Rev. Rul. 67-39

1967-1 C.B. 18

Sec. 72

Full Text

Rev. Rul. 67-39

The annuity tables contained in Revenue Ruling 62-216, C.B. 1962-2, 30, prescribe a standard to be used in valuing annuity contracts issued from time to time by an organization such as a corporation, trust, fund or foundation (other than a commercial insurance company) in exchange for money or other property. Such tables are to be used for estate and gift tax purposes and for income tax purposes with respect to annuity contracts so issued as well as for purposes of section 72 of the Internal Revenue Code of 1954.

Revenue Ruling 62-216, C.B. 1962-2, 30, clarified.