IRS PLR: Extension of Time Granted to Make Election to File Consolidated Returns (IRC §1502)

The IRS has published a private letter ruling on IRC §1502, and Treas. Regs. §301.9100 and §1.1502-75, regarding extensions of time to make an election to file a consolidated federal income tax return, with parent affiliated group treated as the common parent, for a specified taxable year. [PLR 202537001]

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