IRS replaces the legend in an earlier S corporation ruling
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This page covers one taxpayer's ruling, issued in 2025, which can't be cited as precedent. Ask about your situation and see what the current Code and IRS guidance say, with citations.
Plain-English summary
The IRS issued this letter to modify an earlier private letter ruling dated September 26, 2022. The new letter replaces the earlier ruling's legend, which defines the redacted placeholders for the company, trust, state, dates, and an amount. It says that this ruling modifies and supersedes the previous letter. The document does not restate the earlier ruling's facts, analysis, or substantive conclusion. Readers therefore need the earlier letter to understand the underlying S corporation election or inadvertent-termination issue.
Ruling snapshot
- Question: How should the redacted legend in the September 26, 2022 private letter ruling be stated?
- Outcome: The IRS substituted a new legend and modified and superseded the earlier letter.
- Key authorities: No substantive authority is discussed in this modification letter; its index numbers concern IRC § 1362 elections and inadvertent terminations.
Full text (IRS public release)
Internal Revenue Service
Department of the Treasury
Washington, DC 20224
Number: 202518007
Third Party Communication: None
Release Date: 5/2/2025
Date of Communication: Not Applicable
Index Number: 1362.00-00, 1362.04-00
Person To Contact:
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------------, ID No. -----------------
---------------------------------------------------- Telephone Number:
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Refer Reply To:
CC:PT&E:B03
PLR-113674-24
Date:
January 29, 2025
Dear ---------------------:
This letter modifies PLR-106456-22, dated September 26, 2022 (Previous Letter). This
ruling modifies and supersedes the Previous Letter.
The legend of the Previous Letter is modified to read as follows:
Company = ----------------------------------------------------------------------------------------------
------------------------
Trust = --------------------------------------------------------------------------------------------
State = -------------
Date 1 = ------------------
Date 2 = ----------------
Date 3 = --------------------------
Date 4 = --------------------------
$n = ---------------
PLR-113674-24
2
Pursuant to a power of attorney on file with this office, we are sending a copy of this letter to
your authorized representative.
Sincerely,
Richard T. Probst
Senior Technician Reviewer, Branch 3
Office of the Associate Chief Counsel
(Passthroughs, Trusts, and Estates)
Enclosure
Copy of this letter for § 6110 purposes
cc: -----------------------------------------------------------------
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