IRS Issues PLR Granting Extension for Corporate Tax Classification Election

The IRS has issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100 granting a limited liability company an extension of time of 120 days to file Form 8832 electing classification as an association taxable as a corporation for federal tax purposes. [PLR 202619010]

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