IRS PLR: Extension Granted for IC-DISC Election Despite Incomplete Form 4876-A (I.R.C. §992)

The IRS has published a private letter ruling on I.R.C. §992 and Treas. Reg. §301.9100, granting the taxpayer a 90-day extension to file Form 4876-A for IC-DISC status after an incomplete initial submission lacking the required shareholder signatures in Part II of the form. [PLR 202552015]

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