IRS PLR: S Corporation Granted Extension for QSub Election (IRC §1361)

The IRS has published a private letter ruling on I.R.C. §1361, and Treas. Reg. §301.9100, granting an S corporation a 120-day extension to file Form 8869 for a qualified subchapter S subsidiary election that was intended to be effective from the subsidiary’s formation date. [PLR 202551025]

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