The U.S. IRS and Treasury have issued corrections to the final regulations (TD 9936) on Guidance on Passive Foreign Investment Companies. The regulations were originally published in the Federal Register on 15 January 2021 and are generally effective on 14 January 2021. The corrections were published on 5 March 2021. --- SUMMARY: This document contains corrections to the final regulations (Treasury Decision 9936), that were published in the Federal Register on Friday, January 15, 2021. The final regulations regarding the determination of whether a foreign corporation is treated as a passive foreign investment company ("PFIC") for purposes of the Internal...