Overview
Hearing Announced on Foreign Insurance Company Passive Income Rules: Notice 2015-20468 announced a public hearing set for Friday, September 18 at 10:00 a.m. on proposed regulations that provide guidance regarding when a foreign insurance company’s income is excluded from the definition of passive income under section 1297(b)(2)(B). The IRS requested outlines of topics to be discussed at the public hearing by Wednesday, August 26.