What is Revenue Procedure 2009-41?
Revenue Procedure 2009-41 is IRS guidance that establishes relief procedures for eligible entities that failed to file entity classification elections under the check-the-box regulations timely. This revenue procedure allows entities to request Late C Corporation elections or other classification changes when Form 8832 was not filed by the required deadline. Entities must satisfy specific requirements, including demonstrating reasonable cause for the failure, maintaining consistent tax return filing aligned with the intended classification, and submitting the relief request within 3 years and 75 days from the intended effective date of the election.
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