IRS written determination 201444026

Private letter rulings and published taxpayer determination letters. Native document type is retained separately; a determination letter is not labeled a private letter ruling. These taxpayer-specific releases cannot be used or cited as precedent under 26 USC 6110(k)(3); applicability and current legal force are not independently certified. Keep repeated UILC subjects attached to one actual numbered document.

Internal Revenue Service
Department of the Treasury
Washington, DC 20224
Number: 201444026
Release Date: 10/31/2014
Index Numbers: 7701.00-00, 9100.00-00,
9100.31-00
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Third Party Communication: None
Date of Communication: Not Applicable
Person To Contact:
----------------------, ID No. ----------------
Telephone Number:
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Refer Reply To:
CC:PSI:B3
PLR-150289-13
Date:
May 15, 2014
LEGEND
X=--------------------------------------------------------------------------------------------
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Country=-------------------------------------
Date 1=--------------------
Dear -------------:
This letter responds to a letter dated December 11, 2013, submitted on behalf of
X by X’s authorized representatives, requesting a ruling under §§ 301.9100-1
and 301.9100-3 of the Procedure and Administration Regulations, that X be granted an
extension of timeto file an election under § 301.7701-3(c).
FACTS
According to the information submitted, X was formed on Date 1under the laws
of Country. X desires to be treated as other than its default classification. However, X
inadvertently failed to timely file a Form 8832, Entity Classification Election.

PLR-150289-13
2
LAW AND ANALYSIS
Section 301.7701-3(a) provides that a business entity that is not classified as a
corporation under § 301.7701-2(b)(1), (3), (4), (5), (6), (7) or (8) (an eligible entity) can
elect its classification for federal tax purposes as provided in § 301.7701-3. An eligible
entity with at least two members can elect to be classified as an association (and thus a
corporation under §301.7701-2(b)(2)) or a partnership, and an eligible entity with a
single owner can elect to be classified as either as association or to be disregarded as
an entity separate from its owner.
Section 301.7701-3(b)(2)(i) provides that, unless it elects otherwise, a foreign
eligible entity is (A) a partnership if it has two or more members and at least one
member does not have limited liability; (B) an association if all members have limited
liability; or (C) disregarded as an entity separate from its owner if it has a single owner
that does not have limited liability.
Section 301.7701-3(b)(2)(ii) provides that for purposes of § 301.7701-3(b)(2)(i), a
member of a foreign eligible entity has limited liability if the member has no personal
liability for the debts of or claims against the entity by reason of being a member.
Section 301.7701-3(c)(1)(i) provides, in part, that an eligible entity may elect to
be classified other than as provided under § 301.7701-3(b), or to change its
classification, by filing Form 8832 with the service center designated on Form 8832.
Section 301.7701-3(c)(1)(iii) provides that an election made under § 301.7701-
3(c)(1)(i) will be effective on the date specified by the entity on Form 8832 or on the
date filed if no date is specified on the election form. The effective date specified on
Form 8832 can not be more than 75 days prior to the date on whichthe election is filed
and can not be more than 12 months after the date on which the election is filed. If an
election specifies an effective date more than 75 days prior to the date on which the
election is filed, it will be effective 75 days prior to the date it was filed.
Section 301.9100-1(c) provides that the Commissioner has discretion to grant a
reasonable extension of time under the rules set forth in §§ 301.9100-2 and 301.9100-3
to make a regulatory election, or a statutory election (but no more than six months
except in the case of a taxpayer who is abroad), under all subtitles of the Code except
subtitles E, G, H, and I. Section 301.9100-1(b) defines a regulatory election to include
an election whose due date is prescribed by a regulation published in the Federal
Register.
Section 301.9100-2 provides automatic extensions of time for making certain
elections. Section 301.9100-3 provides extensions of time for making elections that do
not meet the requirements of § 301.9100-2.

PLR-150289-13
3
Section 301.9100-3(a) provides that requests for relief subject to § 301.9100-3
will be granted when the taxpayer provides the evidence (including affidavits described
in § 301.9100-3(e)) to establish to the satisfaction of the Commissioner that the
taxpayer acted reasonably and in good faith, and the grant of relief will not prejudice the
interests of the Government.
CONCLUSION
Based solely on the facts submitted and representations made, we conclude that
the requirements of §301.9100-3 have been satisfied. As a result, X is granted an
extension of time of 120 days from the date of this letter to make an entity classification
election by filing a Form 8832, effective Date 1, with the appropriate service center. A
copy of this letter should be attached to the election. A copy of this letter is attached for
this purpose.
This ruling is contingent on the owner(s) of X filing within 120 days from the date
of this letter all required federal income tax and information returns (including amended
returns) consistent with the requested relief being effective Date 1. The owner(s)’s filing
obligations may include those undersection 6038 and the regulations thereunder. A
copy of this letter should be attached to any such returns.
Except as expressly provided herein, no opinion is expressed or implied
concerning the tax consequences of any aspect of any transaction or item discussed or
referenced in this letter.
This ruling is directed only to the taxpayer requesting it. Section 6110(k)(3) of
the Code provides that it may not be used or cited as precedent.
In accordance with a power of attorney on file with this office, weare sending a
copy of this letter to your authorized representatives.

PLR-150289-13
4
The ruling contained in this letter is based upon information and representations
submitted by the taxpayer and accompanied by a penalty of perjury statement executed
by an appropriate party. While this office has not verified any of the material submitted
in support of the ruling request, it is subject to verification on examination.
Sincerely,
Associate Chief Counsel
(Passthroughs & Special Industries)
By:______________________________________
James A. Quinn
Senior Counsel, Branch 3
Office of the Associate Chief Counsel
(Passthroughs & Special Industries)
Enclosures (2):
A copy of this letter
A copy for § 6110 purposes
cc: