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Posted on Jun 27, 2024

AN LIMITED LIABILITY PARTNERSHIP WITH NO DEBT WANTS TO CHANGE ITS TAX CLASSIFICATION TO THAT OF A CORPORATION. WHICH STATEMENTS IS INACCURATE IT IS ELIGIBLE

AN LIMITED LIABILITY PARTNERSHIP WITH NO DEBT WANTS TO CHANGE ITS TAX CLASSIFICATION TO THAT OF A CORPORATION. WHICH STATEMENTS IS INACCURATE

IT IS ELIGIBLE TO CHANGE ITS CLASSIFICATIONS

IT MUST FILE AN ELECTION ON FORM 8832

IT MUST REORGANIZE AS A CORPORATION UNDER STATE LAW

IT WILL BE REQUIRED TO RECOGNIZE IMMEDIATE TAXABLE GAIN UPON BECOMING TAXABLE AS A CORPORATION

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