For example, a newly formed LLC might not have started doing business yet, or an older LLC might have become inactive without being formally dissolved. However, even if an inactive LLC has no income ...

The IRS has published a private letter ruling on Treasury Regulations 301.7701 and 301.9100, granting the taxpayers an extension of time to file an election to be classified as partnerships ...

Taxpayer was granted an extension of 120 days from the date of the letter to file Form 8832 to elect to be treated as a disregarded entity for federal tax ...