The IRS has issued a private letter ruling on I.R.C. §7701 and Treas. Reg. §301.9100 granting two limited liability companies a 120-day extension to file Forms 8832 for classification as ...
On January 23, 2026, the IRS Office of Chief Counsel released Field Attorney Advice (FAA) 20260401F (dated November 28, 2022) to address a promoted strategy involving the purported transfer of ...
On January 23, 2026, the Internal Revenue Service (the “IRS”) publicly released Field Attorney Advice 20260401F (the “FAA”) 1, in which the Office of Chief Counsel rejected a promoted "charitable LLC" ...
The IRS is implementing multiple tax code adjustments for the 2026 filing season, alongside a new records checklist aimed at LLCs. Changes include higher standard deductions, updated tax brackets, and ...
Are you considering establishing your business as a limited liability company (LLC)? Perhaps your business is growing and becoming more complex. Maybe you wish to manage your exposure to risk as a ...
The IRS requires many trusts and LLCs to secure an Employer Identification Number for tax and financial operations, while also offering a new process to extend timelines for certain COVID-era Employee ...