# Guidance on Passive Foreign Investment Company (PFIC) Purging Elections
> **IRS** · Final regulations and removal of temporary regulations. · Published 2005-12-08 · Effective 2005-12-08 · 70 FR 72914
## Document
- **Document number:** 05-23629
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 70 FR 72914
- **CFR reference:** 26 CFR 1
- **Publication date:** 2005-12-08
- **Effective date:** 2005-12-08
- **Treasury docket:** TD 9231
## Abstract

This document contains final regulations that provide specific elections that give relief to certain United States persons that continue to be subject to the PFIC excess distribution regime of section 1291 even though the foreign corporation in which they hold stock no longer satisfies the definition of a PFIC under section 1297(a). The final regulations affect U.S. persons owning stock in a PFIC.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2005/12/08/05-23629/guidance-on-passive-foreign-investment-company-pfic-purging-elections)
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