IRS Issues PLR Granting Extension to Elect Corporate Tax Treatment on Formation

The IRS has issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100 granting a limited liability company a 120-day extension to file Form 8832 to elect corporate tax treatment effective as of its formation date. [PLR 202617004]

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