Internal Revenue Bulletin:  2010-36 

September 7, 2010 

ADMINISTRATIVE


Table of Contents

Rev. Proc. 2010-32 Rev. Proc. 2010-32

This procedure provides that if a foreign entity makes a check the box election to be a partnership (under the reasonable assumption that it has more than one owner) but then determines it only had one owner, the original check the box election will be treated as an election to be a disregarded entity provided the requirements in the revenue procedure are satisfied. Similarly, it also provides that if a foreign entity makes a check the box election to be disregarded entity (under the reasonable assumption that it has only one owner) but then determines it only had more than one owner, the original check the box election will be treated as an election to be a partnership provided the requirements in the revenue procedure are satisfied.


More Internal Revenue Bulletins