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Proposed Rule

Taxation of U.S. Persons That Are Shareholders of Section 1291 Funds

Action

Partial Withdrawal Of Notice Of Proposed Rulemaking.

Summary

This document withdraws a portion of a proposed rulemaking (INTL-656-87, REG-209054-87) published in the Federal Register on April 1, 1992. The withdrawn portion relates to the definitions of the terms pedigreed QEF, section 1291 fund, shareholder, and indirect shareholder, and to annual information reporting requirements applicable to certain shareholders of passive foreign investment companies (PFICs).

Unified Agenda

Partial Withdrawal of Proposed Section 1.1291-1

2 actions from December 2014 to December 2014

  • December 2014
    • Partial Withdrawal of NPRM
  • December 2014
    • Partial NPRM
 

Table of Contents Back to Top

DATES: Back to Top

The proposed rule published in the Federal Register on April 1, 1992 (57 FR 11024) is withdrawn as of December 31, 2013

FOR FURTHER INFORMATION CONTACT: Back to Top

Susan E. Massey or Barbara E. Rasch, (202) 317-6934 (not a toll-free number).

SUPPLEMENTARY INFORMATION: Back to Top

Background Back to Top

On April 1, 1992, the IRS and the Department of the Treasury (Treasury Department) published in the Federal Register proposed regulations (INTL-656-87, 1992-18 IRB 23, 57 FR 11024), including § 1.1291-1 that provided guidance on the PFIC rules, including definitions of the terms pedigreed QEF, section 1291 fund, shareholder, and indirect shareholder. The proposed regulations also set forth annual reporting requirements for certain shareholders of PFICs. This document withdraws the definitions of the terms pedigreed QEF, section 1291 fund, shareholder, and indirect shareholder. In addition, this document withdraws the annual reporting requirements. The IRS and the Treasury Department are issuing a notice of proposed rulemaking in the Proposed Rules section of this issue of the Federal Register on this subject that defines the terms pedigreed QEF, section 1291 fund, shareholder, and indirect shareholder, and that sets forth annual information reporting requirements for certain shareholders of PFICs.

List of Subjects in 26 CFR Part 1 Back to Top

Partial Withdrawal of a Notice of Proposed Rulemaking Back to Top

Accordingly, under the authority of 26 U.S.C. 7805, § 1.1291-1(b)(2)(ii), (b)(2)(v), (b)(7), (b)(8), and (i) of the notice of proposed rulemaking (INTL-656-87, REG-209054-87) published in the Federal Register on April 1, 1992 (57 FR 11024) are withdrawn.

John Dalrymple,

Deputy Commissioner for Services and Enforcement.

[FR Doc. 2013-30844 Filed 12-30-13; 8:45 am]

BILLING CODE 4830-01-P

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