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SECTION 1. PURPOSE - IRS tax forms

SECTION 1. PURPOSE - IRS tax forms

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Rev. Proc. 2003-43 provides a simplified method for taxpayers to request relief for late ESBT and QSST elections if the request for relief is filed within 24 months of the due date of the election. .03 Qualified Subchapter S Subsidiary (QSub) Elections. (1) In General. Section 1361 generally provides that an S corporation may elect

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