IRS PLR: Extension Granted for Partnership Treatment Election (IRC §7701)

The IRS has published a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.7701 and Treas. Reg. §301.9100 granting taxpayer, a foreign entity, an extension of time to file Form 8832 with the appropriate service center to elect to be treated as a partnership for U.S. federal income tax purposes effective a certain date. [PLR 202535008]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.