sumtaxsoluti...[at]hotmail.com wrote:

- quote -

I would try taking advantage of the relief granted in Rev
Proc 2002-59 before going for a letter ruling. See the
instructions for Form 8832.

A letter ruling is a very expensive proposition. The IRS
fee alone is $9,000. You'll also need to figure in the
professional fees you are going to need to help you draft
the ruling request and to deal with the IRS if they have any
questions.

--Chris

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sumtaxsolutions[at]hotmail.com wrote:

- quote -

Just what are you trying to accomplish with it? if it
pertains to subchapter S corp, then let me know.

ChEAr$,
Harlan Lunsford, EA n LA

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Thanks in advance for helpful experience.

Form 8832 has *not* been filed apparently; the entity was
incorporated in September 2003.

Does anyone have experience with a late filed 8832 approval?

In particular, does anyone have experience with Private
Letter Ruling requests and could offer advice as to what to
emphasize?

Thanks again!

-shannon

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >