The IRS issued a private letter ruling on I.R.C. §§1362 and 7701, Treas. Regs. §§301.9100 and 301.7701 granting a 120-day extension for a limited liability company to file both Form ...

IMGCAP(1)]The IRS offers tremendous flexibility in how a foreign entity may be classified for U.S. income tax purposes. Processing Content For example, by following certain procedures, a foreign ...

It can be the case that companies are operating under an inferior business classification — an issue that’s more common than many would think. “They might have chosen a classification as a startup ...

For federal income tax purposes an LLC, or limited liability company, is considered a disregarded entity. In effect, the LLC does not exist under the Internal Revenue Code. Despite this fact, a ...