1296 (available for assets that are regularly traded on qualified exchanges or other markets) or the election to be treated as a qualified electing fund (QEF) under Sec.
What does QEF stand for?
QEF stands for Qualified Electing Fund (IRS)
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
See other definitions of QEF
We have 11 other meanings of QEF in our Acronym Attic
- Quarterly External Debt Statistics (World Bank; UN; various locations)
- Quzhou Economic Development Zone (China)
- Quality and Equity in Education (Southeast Asian Ministers of Education Organization)
- Quality Evaluation Effort
- Quasimolecular Extended Elementary Cell
- Quantitative Electroencephalogram/Electroencephalography
- Quality Evaluation Engineering Laboratory
- Quick Erect Expandable Mast
- Queen Elizabeth Elementary School
- Quick Environmental Exposure and Sensitivity Inventory
- Quality Education Fund (Hong Kong; est. 1998)
- Quality Evaluation Function
- Quarterly Executive Forum
- Quasi Error Free
- Queen Elizabeth's Foundation (UK)
- Quick Easy Find (geocaching)
- Quod Erat Faciendum (Latin: Which Was to Be Done)
- Quality Education for All
- Queen Elizabeth's Foundation for Disabled People (UK)
- Qwest Energy Fund Management
Samples in periodicals archive:
The requirement will be suspended until the IRS releases Form 8938, Statement of Specified Foreign Finandal Assets, and a revised Form 8621, Return by a Shareholder of a Passive Foreign Investment Company or a Qualified Electing Fund.
1298(f) was enacted, the only taxpayers who were required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund, were U.
Alternatively, a shareholder of a PFIC may make a qualified electing fund (QEF) election under subsection 1295(b) of the Code to include income from a PFIC on an accrual basis under section 1293 of the Code (with a potential election in section 1294 of the Code to defer payment of tax on certain undistributed earnings).
taxpayers can find themselves paying significantly more tax than they would have paid if they recognized income from the PFIC shares on an annual basis by making a timely mark-to-market election or by choosing qualified electing fund (QEF) status.
Certain transition issues exist with respect to CFCs that may have been PFICs in years prior to the effective date of this provision, and for which a Qualified Electing Fund (QEF) (or other deemed E&P inclusion) election may have been made or may have been planned for future years.