The Tax Extenders and Alternative Minimum Tax Relief Act of 2008 extended the temporary exceptions for certain “active financing income” from subpart F foreign personal holding company income, foreign base company services income, and insurance income. The exceptions now apply to tax years of foreign corporations beginning after December 31, 1998, and before January 1, 2010, and to tax years of U.S. shareholders with or within which any such tax years of foreign corporations end. For more information, see the instructions for Worksheet A beginning on page 6.

The Tax Extenders and Alternative Minimum Tax Relief Act of 2008 has extended the look-through rule of section 954(c)(6). The rule now applies to tax years of foreign corporations beginning after December 31, 2005, and before January 1, 2010, and to tax years of U.S. shareholders with or within which such tax years of the foreign corporations end. Continue to exclude the applicable types of income specified in section 954(c)(6) from Worksheet A, line 1a for the time period specified in the previous sentence.