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

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