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TREAS/IRS RIN: 1545-BL63 Publication ID: Spring 2016 
Title: Treatment of Shareholders of Certain Passive Foreign Investment Companies 
Abstract:

Regulations concerning the taxation of shareholders of certain passive foreign investment companies (PFICs) upon payment of distributions by such companies or upon disposition of the stock of such companies.  Proposed regulations under section 1291 (REG-209054-87)  were published in the Federal Register on April 1, 1992 (57 FR 11024).  A portion of the proposed regulations were withdrawn on December 31, 2013 (REG-113350-13) (78 FR 79652).

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.1291-0    26 CFR 1.1291-1    26 CFR 1.1291-2    26 CFR 1.1291-3    26 CFR 1.1291-4    26 CFR 1.1291-5    26 CFR 1.1291-6   
Legal Authority: 26 U.S.C. 7805   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Final Action  12/00/2016 
Additional Information: REG-123286-13 Drafting attorney: Stephen M. Peng (202) 317-6934 Reviewing attorney: Barbara E. Rasch (202) 317-6934 CC:INTL
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Related RINs: Related to 1545-AJ70 
Agency Contact:
Stephen M. Peng
Attorney-Advisor
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-6934
Fax:202 317-4982
Email: stephen.m.peng@irscounsel.treas.gov