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federal_register: 2013-30847

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2013-30847 Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies; Insurance Income of a Controlled Foreign Corporation for Taxable Years Beginning After December 31, 1986 Rule This document contains temporary regulations that provide guidance on determining ownership of a passive foreign investment company ("PFIC") and on the annual filing requirements for shareholders of PFICs. These temporary regulations primarily affect shareholders of PFICs that do not currently file Form 8621, "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund," with respect to their PFIC interests. In addition, these temporary regulations provide guidance on an exception to the requirement for certain shareholders of foreign corporations to file Form 5471, "Information Return of U.S. Persons with Respect to Certain Foreign Corporations." These regulations also update certain rules related to Form 5471 to take into account statutory changes. The text of these temporary regulations also serves as the text of the proposed regulations (REG-140974-11) set forth in the notice of proposed rulemaking on this subject in the Proposed Rules section of this issue of the Federal Register. 2013-12-31 2013 12 https://www.federalregister.gov/documents/2013/12/31/2013-30847/definitions-and-reporting-requirements-for-shareholders-of-passive-foreign-investment-companies https://www.govinfo.gov/content/pkg/FR-2013-12-31/pdf/2013-30847.pdf Treasury Department; Internal Revenue Service 497,254 This document contains temporary regulations that provide guidance on determining ownership of a passive foreign investment company ("PFIC") and on the annual filing requirements for shareholders of PFICs. These temporary regulations primarily affect...

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