Internal Revenue Service (IRS), Treasury.
This document contains corrections to Treasury Decision 9806, which was published in the Federal Register on Wednesday, December 28, 2016. Treasury Decision 9806 contained final regulations that provided guidance on determining ownership of a passive foreign investment company (PFIC) and on certain annual reporting requirements for shareholders of PFICs to file Form 8621, “Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.”
These final regulations are effective on and after May 6, 2020, and are applicable on or after December 28, 2016.
Start Further Info
FOR FURTHER INFORMATION CONTACT:
Martin V. Franks at (202) 317-5181 (not a toll-free number).
End Further Info
Start Supplemental Information
The final regulations (TD 9806) that are the subject of this correction are under sections 1291, 1298, 6038, and 6046 of the Internal Revenue Code.
Need for correction
As published December 28, 2016 (81 FR 95459), the final regulations (TD 9806; FR Doc. 2016-30712) contained errors that needs to be corrected.
Start List of Subjects
End List of Subjects
- Income taxes
- Reporting and recordkeeping requirements
Correction of Publication
Accordingly, 26 CFR part 1 is corrected by making the following correcting amendment:
PART 1—INCOME TAXES
Start Amendment Part
1. The authority citation for part 1 is amended by removing the entry for §§ 1.1291-1T, 1.1291-9, 1.1291-9T, and 1.1298-1T and the entry for § 1.6046-1T to read in part as follows: End Amendment Part
* * * * *
End Supplemental Information
Martin V. Franks,
Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration).
[FR Doc. 2020-08113 Filed 5-5-20; 8:45 am]
BILLING CODE 4830-01-P