IRS PLR: Extension to File Disregarded Entity Status Granted (I.R.C. §7701)

The IRS has published a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100 granting taxpayers a 120-day extension to file Form 8832 to elect classification as disregarded entities effective on their intended dates when they first became relevant for U.S. tax purposes. [PLR 202550001]

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