IRS PLR: Disregarded Entity Election Extension Granted (IRC §7701)

Taxpayer received an extension of time, under Section 301.7701-3, of 120 days from the date of this letter to file Form 8832 to elect to be treated as a disregarded entity for federal tax purposes. This ruling is contingent upon taxpayers filing all required federal income tax returns and information returns (including amended returns) consistent with the requested relief for all required taxable years within 120 days. [PLR 202507002]

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