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Part I. — 1986 Code.

SECTION 4. APPLICATION

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

.01 If a qualified entity (as described in section 3.02 of this revenue procedure), and the husband and wife as community property owners, treat the entity as a disregarded entity for federal tax purposes, the Internal Revenue Service will accept the position that the entity is a disregarded entity for federal tax purposes.

.02 If a qualified entity (as described in section 3.02 of this revenue procedure), and the husband and wife as community property owners, treat the entity as a partnership for federal tax purposes and file the appropriate partnership returns, the Internal Revenue Service will accept the position that the entity is a partnership for federal tax purposes.

.03 A change in reporting position will be treated for federal tax purposes as a conversion of the entity.

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

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