Rita Halabi

Proskauer Rose LLP

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IRS Releases Guidance on Requirements for Limited Liability Companies to Qualify as Tax-Exempt Entities

On October 21, 2021, the Internal Revenue Service (the “IRS”) released Notice 2021-56 (the “Notice”), which sets forth the additional requirements a limited liability company (“LLC”) must satisfy to obtain a determination...more

12/6/2021  /  501(c)(3) , Internal Revenue Code (IRC) , IRS , Limited Liability Company (LLC) , New Guidance , Tax Exempt Entities , Tax Liability , Tax Planning
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