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Guidance – Late Classification Elections Rev Proc 2009-41

Revenue Procedure 2009-41 provides guidance with regard to eligible entities seeking relief to file late classification elections. Generally, the revenue procedure provides late relief if the request is filed within 3 years and 75 days of the requested effective date of the eligible entity’s classification. The revenue procedure also provides guidance for those eligible entities that do not qualify for relief under this revenue procedure.

Revenue Procedure 2009-41 will be in IRB 2009-39, dated September 28, 2009.

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