KPMG report: Final and proposed regulations, passive foreign investment company (PFIC) rules
Passive foreign investment company (PFIC) rules
Final regulations (T.D. 9936) and proposed regulations (REG-111950-20) concerning passive foreign investment company (“PFIC”) rules are published in today’s edition of the Federal Register.
The proposed regulations also contain rules related to qualified business asset investment (QBAI) announced in Notice 2020-69.
Read a January 2021 report [PDF 6.4 MB] prepared by KPMG LLP that provides initial impressions and observations about the regulations.
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