Regulacje i polityka gospodarcza · 08/12/2005

IRS Issues Temporary Regulations for Passive Foreign Investment Company (PFIC) Purging Elections

The Internal Revenue Service (IRS) has issued temporary regulations to provide guidance on purging the PFIC taint for U.S. persons holding stock in foreign corporations that are no longer treated as PFICs under section 1297(e). The regulations will help taxpayers navigate the excess distribution regime of section 1291.