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72-T Annual Recalculation

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Last Updated On
ByAndy

L1: 72-T Annual RecalculationHi, I was reading that the IRS has approved annual recalculation on 72-t. Does this mean you couldat the end of each year use the prior months balance and a new interest rate to change your amount for the next year’s distributions??2004-07-06 15:57, By: Andy, IP: [69.53.78.183]
L2: 72-T Annual RecalculationThere has only been 1 PLR issued on the subject since 2002-62 was issued. If you want to use Annual Recalculation I suggest that you get your own PLR or wait until there have been two or three other rulings. Your facts and circumstances could be just a little bit different.
Remember, the only person that can rely on a PLR is the person to whom it is issued.2004-07-06 16:04, By: Gfw, IP: [172.16.1.70]

L2: 72-T Annual RecalculationBTW – Bill Stecker (posts as the Badger in this forum) got the 1st PLR.Since he knows all the facts and circumstances, you may want to contact him if you decide to get your own. 2004-07-06 16:52, By: Gfw, IP: [172.16.1.70]

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