Internal Revenue Service
Revenue Ruling

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 Rev. Rul. 70-59

1970-1 C.B. 280

IRS Headnote

Additional rulings relating to estate and gift taxes that have been declared obsolete are listed.

Full Text

Rev. Rul. 70-59

Revenue Procedure 67-6, C.B. 1967-1, 576, announced a program for reviewing rulings published in the Internal Revenue Bulletin prior to 1953 for the primary purpose of identifying and declaring obsolete those rulings which, although not specifically revoked or superseded, are not considered determinative with respect to future transactions.

In accordance with the program and based on a review of rulings having primary application in the estate and gift tax area, certain rulings listed in Revenue Ruling 67-97, C.B. 1967-1, 380, were declared obsolete.

Upon further review of rulings dealing primarily with estate and gift tax matters, the additional rulings listed below have been found to be not determinative with respect to future transactions and they are hereby declared obsolete.

      General Counsel's or Chief Counsel's

       Memorandum (G.C.M.) ruling series

     G.C.M. No.               C.B. citation

       18718                   1937-2, 476

      Mimeograph (Mim.) ruling series

     Mim. No.                 C. B. citation

       3971                    X-2, 427

      Solicitor's Opinions (Sol. Op.)

              ruling series

     Sol. Op. No.             C.B. citation

       159                     III-1, 480

The purpose of this declaration of obsoleteness is to make it clear to all concerned that the above-listed rulings are not determinative with respect to future transactions. It is not the purpose of this Revenue Ruling to determine the applicability of any of the listed rulings to past transactions.