Question
If a U.S. taxpayer shareholder of a passive foreign investment company (PFIC) makes a qualified electing fund (QEF) election, he or she can avoid the
If a U.S. taxpayer shareholder of a passive foreign investment company ("PFIC") makes a qualified electing fund ("QEF") election, he or she can avoid the usual adverse U.S. income tax and interest-charge consequences associated with the receipt of an excess distribution.
True
False
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Data Analysis And Decision Making
Authors: Christian Albright, Wayne Winston, Christopher Zappe
4th Edition
538476125, 978-0538476126
