Tag Archives: excess distribution

General Explanation Of The 1986 Tax Reform Act – PFIC Edition

PFICs were introduced as part of the 1986 tax reform. In order to understand the intent of the PFIC rules it is useful to read the general explanation of the tax reform act. The explanation starts at page 1021 of the document or page 1037 of the pdf. It is worth the read …

https://web.archive.org/web/20120507115421/https://www.jct.gov/jcs-10-87.pdf/

jcs-10-87

John Richardson – Follow me on Twitter @Expatriationlaw