IRS Issues Private Letter Ruling Granting Extension for Late Self-Certification as Qualified Opportunity Fund

The IRS issued a private letter ruling on I.R.C. §1400Z-2 and Treas. Reg. §301.9100, granting a taxpayer extension of time to self-certify as a qualified opportunity fund (QOF) by filing ...

IRS Issues Private Letter Ruling Granting Relief for Late Entity Classification Election, S Corporation Status

The IRS issued a private letter ruling on I.R.C. §1362 and Treas. Reg. §301.9100, granting an LLC relief to elect corporation status, make a late S corporation election, and treat ...
Insurancenewsnet.com

Protective Life Insurance Company Receives Favorable Private Letter Ruling on Advisory VUL Offering

Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) ...
WealthManagement.com

IRS Clarifies Rules on Foreign Grantmaking for Private Foundations

On Aug. 1, 2025, the Internal Revenue Service issued Private Letter Ruling 202531009, offering essential insight into the compliance requirements for private foundations supporting foreign ...