These regulations specify how U.S.
persons who are shareholders of passive foreign investment
companies (PFICs) make elections with respect to their PFIC
stock.
US Code:
26
USC 1293 Name of Law: Current taxation of income from qualified
electing funds.
US Code: 26
USC 1294 Name of Law: Election to extend time for payment of
tax on undistributed earnings.
US Code: 26
USC 1295 Name of Law: Qualified electing fund.
US Code: 26
USC 1296 Name of Law: election of mark to market for marketable
stock.
US Code: 26
USC 1297 Name of Law: Passive foreign investment company.
US Code: 26
USC 1298 Name of Law: Special rules.
US Code: 26
USC 1291 Name of Law: Interest on tax deferral.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.