IRS PLR: Extension Granted to Elect Not to be Treated as Tax-Exempt Entity (IRC §168)

The IRS has published a private letter ruling on I.R.C. §168 and Treas. Reg. §§301.9100 and 301.7701, granting 120-day extension to file Form 8832 to elect to be classified as ...
JD Supra

IRS Indicates Indefinite Extension of Electronic Signature Relief

On October 17, 2023, the Internal Revenue Service (IRS) updated the electronic signature guidance in its Internal Revenue Manual (IRM) to reflect the electronic signature relief that the IRS provided ...
JD Supra

IRS Approves Temporary Use of Digital Signatures for Certain Forms

The US Internal Revenue Service (IRS) issued news release IR-2020-194 on August 28, approving the temporary use of digital signatures for certain IRS forms that must be filed with the IRS manually. Of ...
JD Supra

IRS Makes Important Changes to EIN Application Process, With Implications for International Applicants

The Internal Revenue Service announced that it has revised the Employer Identification Number application process in order to provide greater security and improve transparency. The revision will ...
WealthManagement.com

IRS Revises Employer ID Number Application Process

On March 27, the Internal Revenue Service announced that taxpayers can no longer request an employer identification number (EIN) unless the “responsible party” named on the application has a Social ...