The U.S. IRS and Treasury have issued correcting amendments to Treasury Decision (TD) 9806 of 28 December 2016 on Definitions and Reporting Requirements for Shareholders of Passive Foreign Investment Companies (PFICs). The correcting amendments were published in the Federal Register on 6 May 2020 and apply from 28 December 2016.
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SUMMARY:
This document contains corrections to Treasury Decision 9806, which was published in the Federal Register on Wednesday, December 28, 2016. Treasur…