H. Jacob Lager

Recent IRS Rulings

In Uncategorized on January 12, 2012 at 1:08 am

Just a couple recent IRS rulings involving Subpart F and PFIC elections.

PLR 201201016  – Majority of proceeds from sale of Controlled Foreign Corporation’s banking assets not foreign personal holding company or subpart F income.  http://www.irs.gov/pub/irs-wd/1201016.pdf

PLR  201152007 – Extension for late PFIC QEF election granted. http://www.irs.gov/pub/irs-wd/1152007.pdf


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: