Revenue Procedure 121526-09 supercedes
Revenue Procedure 2002-15. The revenue procedure provides specific
requirements eligible entities must meet in order to seek
extensions of time to file entity classification
elections.
Revenue procedure 121526-09
provides guidance under § 7701 of the Internal Revenue Code both
for an eligible entity that requests relief for a late
classification election filed within 36 months and 75 days of the
requested effective date of the eligible entitys classification
and for those eligible entities that are still required to request
a letter ruling in order to make a late entity classification
election. This revenue Procedure 121526-09 modifies and supercedes
Revenue Procedure 2002-59. RP 2002-59 modified and supersedes RP
2002-15. These changes result in an increase of 4454 burden
hours.
$0
No
No
Uncollected
Uncollected
No
Uncollected
Beverly Katz 202
622-3050
No
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.