[Code of Federal Regulations]
[Title 26, Volume 18]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR301.7701-3T]

[Page 617]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 301_PROCEDURE AND ADMINISTRATION--Table of Contents
 
                               Definitions
 
Sec. 301.7701-3T  Classification of certain business entities (temporary).

    (a) through (c)(1)(i) [Reserved]. For further guidance, see Sec. 
301.7701-3(a) through (c)(1)(i).
    (ii) Further notification of elections. An eligible entity required 
to file a federal tax or information return for the taxable year for 
which an election is made under Sec. 301.7701-3(c)(1)(i) must attach a 
copy of its Form 8832 to its federal tax or information return for that 
year. If the entity is not required to file a return for that year, a 
copy of its Form 8832 (``Entity Classification Election'') must be 
attached to the federal income tax or information return of any direct 
or indirect owner of the entity for the taxable year of the owner that 
includes the date on which the election was effective. An indirect owner 
of the entity does not have to attach a copy of the Form 8832 to its 
return if an entity in which it has an interest is already filing a copy 
of the Form 8832 with its return. If an entity, or one of its direct or 
indirect owners, fails to attach a copy of a Form 8832 to its return as 
directed in this section, an otherwise valid election under Sec. 
301.7701-3(c)(1)(i) will not be invalidated, but the non-filing party 
may be subject to penalties, including any applicable penalties if the 
federal tax or information returns are inconsistent with the entity's 
election under Sec. 301.7701-3(c)(1)(i). In the case of returns for 
taxable years beginning after December 31, 2002, the copy of Form 8832 
attached to a return pursuant to this paragraph (c)(1)(ii) is not 
required to be a signed copy.
    (c)(1)(iii) through (h) [Reserved]. For further guidance, see Sec. 
301.7701-3(c)(1)(iii) through (h).

[T.D. 9100, 68 FR 70709, Dec. 19, 2003]