Passive Foreign Investment Companies; Definition of Marketable Stock
other · IRS · Rule · Published 2000-01-25 · Effective 2000-01-25 · 65 FR 3817
Document
Document number
00-1530
Federal Register citation
65 FR 3817
CFR reference
26 CFR 1
Type
Rule
Action
Final regulations.
Category
other
Sub-agency
IRS
Publication date
2000-01-25
Effective date
2000-01-25
Treasury docket
TD 8867
Abstract
This document contains final regulations under section 1296 relating to the new mark-to-market election for stock of a passive foreign investment company (PFIC). The final regulations interpret changes made by the Taxpayer Relief Act of 1997. The final regulations affect persons holding PFIC stock that is regularly traded on certain U.S. or foreign exchanges or markets or holding stock in certain PFICs comparable to U.S. regulated investment companies (RICs).