Finance & markets · 18/02/1997Updated: 10/17/2026 · 1 min read
Correction to Final Regulations for Passive Foreign Investment Companies
Summary
The IRS has issued a correction to its final regulations for Passive Foreign Investment Companies (PFICs), which were published in the Federal Register on December 27, 1996, to clarify rules for making deemed sales or dividend elections to purge a shareholder's holding period.