The Job Creation and Worker Assistance Act of 2002 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, 2007, and to tax years of U.S. shareholders with or
within which any such tax
year of the foreign corporation ends. For more information, see the instructions for Worksheet A on page 6.