IRS PLR: Extension of Time to Make Corporation Election Granted (IRC §7701)

The IRS has published a private letter ruling on Treas. Reg. §301.7701-3, granting the taxpayer an extension of 120 days from the date of the letter to file Form 8832 to elect to be classified as an association taxable as a corporation for federal tax purposes. [PLR 202531006]

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