The IRS has proposed regulations that will radically change the taxation of private annuities, making Revenue Ruling 69-74 obsolete as of October 18.  We discuss the new treatment the IRS is proposing, and how it would impact such transactions.This week we also summarize some other recent developments, including the new updated numbers for qualified plan limitations.The materials can be downloaded at http://edzollars.com/2006-10-21_Annuity.pdf .The podcast is sponsored by Leimberg Information Services at http://www.leimbergservices.com .