IRS Issues PLR Granting Foreign Company Extension to File Entity Classification Election

The IRS has issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100 granting a foreign unlimited liability company a 120-day extension to file Form 8832 to elect corporation classification retroactive to its formation date. [PLR 202614008]

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