American Council of Life Insurers Issues Public Comment on IRS Proposed Rule
Targeted News Service
Mandana Parsazad, vice president for taxes and retirement security, at the
American Council of Life Insurers have issued a public comment on the
Internal Revenue Service proposed rule entitled Guidance: Passive Foreign Investment Companies and the Treatment of Qualified Improvement Property under the Alternative Depreciation System . The comment was written on
April 14, 2021, and posted on
April 16, 2021:
Treasury published final regulations (REG-111950-20; the Final Regulations ) in the
Federal Register to address Passive Foreign Investment Companies ( PFICs ) providing guidance on the treatment of income and assets of a foreign corporation for purposes of the PFIC rules and on the exception from passive income under section 1297(b)(2)(B) ( PFIC insurance exception ) of the Internal Revenue Code of 1986, as amended (the Code )./1
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LONDON, March 16, 2021 /PRNewswire/ Tetragon will provide to self-identified U.S. shareholders of Tetragon for the 2020 calendar year, on a confidential basis only, information necessary for such a shareholder to satisfy its U.S. federal income tax filing obligations, including such information necessary to make qualified electing fund (QEF) elections under the U.S. tax rules for Passive Foreign Investment Companies (PFICs).
Any such shareholders who wish to receive this confidential information should provide their contact details to Tetragon s Investor Relations department at the contact details below.
Tetragon will use reasonable efforts to provide information with respect to underlying portfolio companies that it has reasonably determined to be PFICs. Although estimates of such underlying PFIC information may be provided earlier, Tetragon may not be able to provide actual underlying PFIC information in advance of the 15 April tax ret
Tetragon Financial Group Ltd - Tetragon U.S. Shareholders Tax Reporting Information
PR Newswire
Tetragon Financial Group Limited U.S. Shareholders Tax Reporting Information
LONDON, March 16, 2021 Tetragon will provide to self-identified U.S. shareholders of Tetragon for the 2020 calendar year, on a confidential basis only, information necessary for such a shareholder to satisfy its U.S. federal income tax filing obligations, including such information necessary to make qualified electing fund (QEF) elections under the U.S. tax rules for Passive Foreign Investment Companies (PFICs).
Any such shareholders who wish to receive this confidential information should provide their contact details to Tetragon s Investor Relations department at the contact details below.