IRS Issues Private Letter Ruling Granting Parent Corporation Extension to File Consolidated Return

The IRS issued a private letter ruling on I.R.C. §1502 and Treas. Reg. §§301.9100 granting Parent corporation a 75-day extension to file a consolidated federal income tax return with its affiliated group for the taxable year ending on the specified date, where the election under §1.1502-75(a)(1) was not timely filed. [PLR 202610013]

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