# Guidance on Passive Foreign Investment Company (PFIC) Purging Elections; Correction
> **IRS** · Correcting amendment. · Published 2006-01-25 · Effective 2005-12-08 · 71 FR 4041
## Document
- **Document number:** 06-682
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 71 FR 4041
- **CFR reference:** 26 CFR 1
- **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).

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/01/25/06-682/guidance-on-passive-foreign-investment-company-pfic-purging-elections-correction)
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