IRS Posts Rev. Proc. 2006-13 Regarding Annuity Conversions

December 30, 2005 – The IRS has now posted Revenue Procedure (Rev. Proc.) 2006-13, which provides safe harbor calculation methods for valuing Traditional IR annuities when converting to a Roth IRAs (announced earlier in BISYS’ Latest News).

Rev. Proc. 2006-13 may be accessed at http://www.irs.ustreas.gov/pub/irs-drop/rp-06-13.pdf.