Source: http://ftp.brentmark.com/rr200262.htm
Timestamp: 2017-09-23 03:41:33
Document Index: 758949886

Matched Legal Cases: ['§ 72', '§1', '§ 401', '§ 1274', '§ 1274', '§ 1']

.01 General rule. Payments are considered to be substantially equal periodic payments within the meaning of § 72(t)(2)(A)(iv) if they are made in accordance with one of the three calculations described in paragraphs (a) – (c) of this subsection (which is comprised of the three methods described in Q&A-12 of Notice 89-25).
(b) Beneficiary under joint tables. If the joint life and last survivor table in §1.401(a)(9)-9, Q&A-3, is used, the survivor must be the actual beneficiary of the employee with respect to the account for the year of the distribution. If there is more than one beneficiary, the identity and age of the beneficiary used for purposes of each of the methods described in section 2.01 are determined under the rules for determining the designated beneficiary for purposes of § 401(a)(9). The beneficiary is determined for a year as of January 1 of the year, without regard to changes in the beneficiary in that year or beneficiary determinations in prior years. For example, if a taxpayer starts distributions from an IRA in 2003 at age 50 and a 25-year-old and 55-year-old are beneficiaries on January 1, the 55-year-old is the designated beneficiary and the number for the taxpayer from the joint and last survivor tables (age 50 and age 55) would be 38.3, even though later in 2003 the 55-year-old is eliminated as a beneficiary. However, if that beneficiary is eliminated or dies in 2003, under the required minimum distribution method, that individual would not be taken into account in future years. If, in any year there is no beneficiary, the single life expectancy table is used for that year.
(c) Interest rates. The interest rate that may be used is any interest rate that is not more than 120 percent of the federal mid-term rate (determined in accordance with § 1274(d) for either of the two months immediately preceding the month in which the distribution begins). The revenue rulings that contain the § 1274(d) federal mid-term rates may be found at www.irs.gov\tax_regs\fedrates.html.
Comments may be submitted to CC:ITA:RU (Rev. Rul. 2002-62, room 5226, Internal Revenue Service, POB 7604 Ben Franklin Station, Washington, DC 20044. Comments may be hand delivered between the hours of 8:30 a.m. and 5 p.m. Monday to Friday to: CC:ITA:RU (Rev. Rul. 2002-62), Courier's Desk, Internal Revenue Service, 1111 Constitution Avenue NW., Washington, D.C. Alternatively, comments may be submitted via the Internet at Notice.Comments@irscounsel.treas.gov. All comments will be available for public inspection and copying.
Mortality Table Used to Formulate the Single Life Table in
§ 1.401(a)(9)-9, Q&A-1
age qx lx age qx lx
0 0.001982 1000000 58 0.004736 941078
1 0.000802 998018 59 0.005101 936621
2 0.000433 997218 60 0.005509 931843
3 0.000337 996786 61 0.005975 926709
4 0.000284 996450 62 0.006512 921172
5 0.000248 996167 63 0.007137 915173
6 0.000221 995920 64 0.007854 908641
7 0.000201 995700 65 0.008670 901505
8 0.000222 995500 66 0.009591 893689
9 0.000241 995279 67 0.010620 885118
10 0.000259 995039 68 0.011778 875718
11 0.000277 994781 69 0.013072 865404
12 0.000292 994505 70 0.014519 854091
13 0.000306 994215 71 0.016139 841690
14 0.000318 993911 72 0.017950 828106
15 0.000331 993595 73 0.019958 813241
16 0.000344 993266 74 0.022198 797010
17 0.000359 992924 75 0.024699 779318
18 0.000375 992568 76 0.027484 760070
19 0.000392 992196 77 0.030582 739180
20 0.000411 991807 78 0.034010 716574
21 0.000432 991399 79 0.037807 692203
22 0.000454 990971 80 0.042010 666033
23 0.000476 990521 81 0.046652 638053
24 0.000501 990050 82 0.051766 608287
25 0.000524 989554 83 0.057392 576798
26 0.000547 989035 84 0.063583 543694
27 0.000567 988494 85 0.070397 509124
28 0.000584 987934 86 0.077892 473283
29 0.000598 987357 87 0.086124 436418
30 0.000608 986767 88 0.095238 398832
31 0.000615 986167 89 0.105068 360848
32 0.000619 985561 90 0.115518 322934
33 0.000622 984951 91 0.126487 285629
34 0.000625 984338 92 0.137876 249501
35 0.000629 983723 93 0.149419 215101
36 0.000636 983104 94 0.161176 182961
37 0.000657 982479 95 0.173067 153472
38 0.000696 981834 96 0.185008 126911
39 0.000749 981151 97 0.196920 103431
40 0.000818 980416 98 0.210337 83063.4
41 0.000904 979614 99 0.224861 65592.1
42 0.001007 978728 100 0.241017 50843.0
43 0.00113 977742 101 0.259334 38589.0
44 0.00127 976637 102 0.280356 28581.6
45 0.001426 975397 103 0.303142 20568.6
46 0.001597 974006 104 0.329482 14333.4
47 0.001783 972451 105 0.359886 9610.80
48 0.001979 970717 106 0.394865 6152.01
49 0.002187 968796 107 0.434933 3722.80
50 0.002409 966677 108 0.480599 2103.63
51 0.002646 964348 109 0.532376 1092.63
52 0.002896 961796 110 0.590774 510.940
53 0.003167 959011 111 0.656307 209.090
54 0.003453 955974 112 0.729484 71.8628
55 0.003754 952673 113 0.810817 19.4400
56 0.004069 949097 114 0.900819 3.67772
57 0.004398 945235 115 1.000000 0.364760
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