IRS PLR: Extension Granted to Elect Not to be Treated as Tax-Exempt Entity (IRC §168)

The IRS has published a private letter ruling on I.R.C. §168 and Treas. Reg. §§301.9100 and 301.7701, granting 120-day extension to file Form 8832 to elect to be classified as an association taxable as a corporation for federal tax purposes. [PLR 202547001]

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