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Finanse publiczne · 13/05/2014

Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies; Correction

The IRS has released a corrected document addressing proposed regulations for Passive Foreign Investment Companies (PFICs), which were initially published in the Federal Register on December 31, 2013. The corrected document clarifies the ownership determination, annual filing requirements, and exclusions for PFIC shareholders.

Source: Federal Register — Department of the TreasuryOpen original release →