Proposed PFIC Rules Would Define “Active Conduct” of an Insurance Business
Millions of Taxpayer Phone Calls Went Unanswered by IRS This Tax Season
April 17, 2015Washington Update – Tax Advocacy
April 24, 2015Proposed regulations would clarify the circumstances under which investment income earned by a foreign insurance company is derived in the active conduct of an insurance business for purposes of determining whether the income is passive income.
Source:: AICPA – Tax