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Part I. — 1986 Code.

SECTION 3. SCOPE

Internal Revenue Bulletin 2002-45 · 2026-10-03 edition · updated 2026-10-04 · United States

.01 In General. This revenue procedure provides guidance on the classification for federal tax purposes of a qualified entity (described in section 3.02 of this revenue procedure).

.02 Qualified Entity. A business entity is a qualified entity if:

(1) The business entity is wholly owned by a husband and wife as community property under the laws of a state, a foreign country, or a possession of the United States;

(2) No person other than one or both spouses would be considered an owner for federal tax purposes; and

(3) The business entity is not treated as a corporation under § 301.7701–2.

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▸Contents — Internal Revenue Bulletin 2002-45
Internal Revenue Bulletin 2002-45

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