IRS Issues PLR Granting LLC Extension to File Entity Classification Election Form 8832

The IRS issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §§301.9100 and 301.7701 granting a 120-day extension for the taxpayer to file Form 8832 to elect treatment as an association taxable as a corporation effective on the entity formation date. [PLR 202611003]

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