IRS PLR: Extension of Time to File Election Statement for S Corporation Stock Disposition Granted (IRC §9100)

The IRS has published a private letter ruling on Section 9100 of the Treasury Regulations, granting the taxpayer an extension of 75 days to file an Election Statement under Section 1.336-2(h)(3)(iii) for Stock Disposition in an S Corporation. [PLR 202427001]

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