The U.S. IRS, on June 13, released the following private letter rulings (PLRs) that involve multinational entities:
-A ruling that grants foreign entities an extension to elect to be treated as disregarded entities for federal tax purposes PLR 201424012
-A ruling that concludes that a series of transactions qualifies as a D reorganization. PLR 201242009
-A ruling that concludes that a series of transactions amounts to a recapitalization under IRC section 368(a)(1)(E)), PLR 201424010
-A ruling that concludes that a series of transactions amounts to a D reorganization PLR 201424008
-A ruling that concludes that a series of transactions qualifies as a C reorganization. PLR 201424007
