RP-16-42: Relating to charitable remainder annuity trusts

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August 9, 2016

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Issue Number: RP-2016-42

Inside This Issue

Revenue Procedure 2016-42 states that a charitable remainder annuity trust (CRAT) containing the sample provision found in Rev. Proc. 2016-41 will not be subject to the probability of exhaustion test set forth in Rev. Rul. 70-452, 1970-2 C.B. 199, and applied in Rev. Rul. 77-374, 1977-2 C.B. 329.

Revenue Procedure 2016-42 will be in IRB: 2016-34, dated August 22, 2016.

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