REVENUE RULE 93-29

1993-1 C.B. 203, 1993-15 I.R.B. 8.

Internal Revenue Service
Revenue Ruling

CIVIL SERVICE RETIREMENT SYSTEM AND QTIP

Published: April 12, 1993

§ 2523. Gift to Spouse, 26 CFR 25.2523(a)-1: Gift to spouse; in general.

Civil Service Retirement System and QTIP. Rev. Rul. 72-62, 1972-1 C.B. 311, and Rev. Rul. 70-514, 1970-2 C.B. 198, dealing with the gift tax treatment of the Civil Service Retirement System survivor annuity under prior law, are obsolete.

Periodically, the Internal Revenue Service has declared certain revenue rulings obsolete that, although not specifically revoked or superseded, are no longer determinative with respect to future transactions because (1) the applicable statutory provisions have been changed or repealed; (2) the ruling position is specifically covered by statute, regulations, or a subsequent published position; or (3) the facts set forth no longer exist or are not sufficient to permit application of the current statute.

Accordingly, because of changes in the applicable law since their publication in the Internal Revenue Bulletin, Rev. Rul. 72-62, 1972-1 C.B. 311, and Rev. Rul. 70-514, 1970-2 C.B. 198, are hereby declared obsolete.

No inference should be drawn from the above action with respect to the proper interpretation of the conclusions expressed in those rulings under current law.

DRAFTING INFORMATION

The principal author of this revenue ruling is Susan Hurwitz of the Office of Assistant Chief Counsel (Passthroughs and Special Industries). For further information regarding this revenue ruling contact Susan Hurwitz on (202) 622- 3090 (not a toll-free call).

Rev. Rul. 93-29, 1993-1 C.B. 203, 1993-15 I.R.B. 8.