QEF Elections Under PFIC Rules

In enacting the PFIC rules�in 1986, Congress created a complex and punitive tax regime for certain passive foreign investments that continues to plague U.S. taxpayers and their tax advisers.

Source: http://feedproxy.google.com/~r/AICPA_TaxAdvisor/~3/QNweZOHRXFw/clinic-story-07.aspx

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