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IRS Corrects Guidance Providing Relief For Late S Corp Shareholder Election Consents.

JAN. 10, 2005

Announcement 2005-4; 2005-1 C.B. 319

DATED JAN. 10, 2005
DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For Rev. Proc. 2004-35, 2004-23 I.R.B. 1029, see Doc 2004-9902 or

    2004 TNT 90-38.
  • Code Sections
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2005-579
  • Tax Analysts Electronic Citation
    2005 TNT 6-4
Citations: Announcement 2005-4; 2005-1 C.B. 319

Announcement 2005-4

This announcement reflects the correction of an error in Rev. Proc. 2004-35, 2004-23 I.R.B. 1029, that provides automatic relief for certain taxpayers requesting relief for late shareholder consents for S corporation elections in community property states. In section 6, regarding the Paperwork Reduction Act, estimated total annual reporting burden is changed to 200 hours.

The principal author of this announcement is Jason T. Smyczek of the Office of Chief Counsel (Passthroughs & Special Industries). For further information regarding this announcement, contact Mr. Smyczek at (202) 622-3050 (not a toll-free call).

DOCUMENT ATTRIBUTES
  • Institutional Authors
    Internal Revenue Service
  • Cross-Reference
    For Rev. Proc. 2004-35, 2004-23 I.R.B. 1029, see Doc 2004-9902 or

    2004 TNT 90-38.
  • Code Sections
  • Subject Area/Tax Topics
  • Jurisdictions
  • Language
    English
  • Tax Analysts Document Number
    Doc 2005-579
  • Tax Analysts Electronic Citation
    2005 TNT 6-4
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