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IRS Offers Guidance on New Reporting Requirements for U.S. Shareholders in Passive Foreign Investment Companies

April 8, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service April 6 offered interim previous hitguidancenext hit in Notice 2010-34 previous hitonnext hit newly enacted reporting previous hitrequirementsnext hit for U.S. shareholders in passive foreign investment companies under tax code Section 1298, with an effective date that one practitioner said will be welcome in the tax community.

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