IRS Publication On Life Expectancy

By MARY KENNEDY

Published: Jul 15, 2002 12:00 am

WASHINGTON, DC â The Internal Revenue Service has put its new life expectancy tables into separate publication.

Publication 590 SUPP, Supplement to Publication 590, Individual Retirement Arrangements (IRAs), is available through the IRS website at www.irs.gov and may be ordered by phone at 800-TAX-FORM (800-829-3676).

âThis publication will be more convenient for taxpayers who want to use the new distribution rules this year,â said IRS Commissioner Charles O. Rossotti.

The life expectancy tables were part of the final regulations on required distributions from retirement plans that were issued in April. They generally provide for smaller annual distributions, so participants may keep more funds in their tax-deferred plans.

For 2002, taxpayers have the option of using the new life expectancy tables or the tables in the existing Pub 590.

The final regulations, TD 8987, were published in Internal Revenue Bulletin 2002-19, which is also available through the IRS website.

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IRS Publication On Life Expectancy

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