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defender39

06/25/20 1:31 PM

#108580 RE: 66Mustang #108578

Still waiting on some clarity on this as well...
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Geo2014

06/25/20 1:38 PM

#108582 RE: 66Mustang #108578

The PFIC status no longer exists (moving forward) if a buyout occurs with acquirer being of non-PFIC status. HOWEVER, I believe the shares purchased during the time of PFIC status are still subject to the PFIC tax implications. The question remains though, is Titan still a PFIC now that it has a "subsidiary" in the US?