Federal · Title 26 — Internal Revenue Code
26 U.S.C. § 7520: Valuation tables
Read the full statutory text
under tables prescribed by the Secretary, and by using an interest rate (rounded to the nearest 2/10ths of 1 percent) equal to 120 percent of the Federal midterm rate in effect under section 1274(d)(1) for the month in which the valuation date falls. This section shall not apply for purposes of part I of subchapter D of chapter 1 or any other provision specified in regulations. The tables prescribed by the Secretary for purposes of subsection (a) shall contain valuation factors for a series of interest rate categories. The Secretary shall revise the initial tables prescribed for purposes of subsection (a) to take into account the most recent mortality experience available as of the time of such revision. Such tables shall be revised not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision. For purposes of this section, the term “valuation date” means the date as of which the valuation is made. For purposes of this section, the term “tables” includes formulas.
Verify at the official source: Federal legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.