IRS PLR: Foreign Entity Granted 120-Day Extension to File Disregarded Entity Election (IRC §7701)

The IRS has published a private letter ruling on Treas. Regs. §301.7701 and §301.9100, granting a foreign entity a 120-day extension to file Form 8832, to elect disregarded entity status, effective from its organization date. [PLR 202551021]

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