In PLR 201225013, the IRS denied a taxpayer's request to revoke an inadvertent election to be treated as a small insurance company, finding the election invalid since the taxpayer was not an insurance company in the year the election was made.
In PLR 201225013, the IRS denied a taxpayer's request to revoke an inadvertent election to be treated as a small insurance company, finding the election invalid since the taxpayer was not an insurance company in the year the election was made.