Guidance on Passive Foreign Investment Company (PFIC) Purging Elections; Correction
other · IRS · Rule · Published 2006-01-25 · 71 FR 4042
Document
Document number
06-683
Federal Register citation
71 FR 4042
CFR reference
26 CFR 1
Type
Rule
Action
Correction to temporary regulation.
Category
other
Sub-agency
IRS
Publication date
2006-01-25
Treasury docket
TD 9232
Abstract
This document contains a correction to temporary regulations 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).