Guidance on Passive Foreign Investment Company (PFIC) Purging Elections; Correction
other · IRS · Rule · Published 2006-01-25 · Effective 2005-12-08 · 71 FR 4041
Document
Document number
06-682
Federal Register citation
71 FR 4041
CFR reference
26 CFR 1
Type
Rule
Action
Correcting amendment.
Category
other
Sub-agency
IRS
Publication date
2006-01-25
Effective date
2005-12-08
Treasury docket
TD 9232
Abstract
This document corrects temporary regulations (TD 9232) that were published in the Federal Register on Thursday, December 8, 2005 (70 FR 72908) that provide certain elections for taxpayers that continue to be subject to the PFIC excess distribution regime of section 1291 even though the foreign corporation in which they own stock is no longer treated as a PFIC under section 1297(a) or (e).