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Can you please explain exactly how to obtain IRS secretary's consent to revoke simplified limitation election ? I am seeking clear step by step instructions please ?
I have made the AMT simplified limitation election for prior years but need to revoke it. How do I do that ? And what is the timing ? Can I revoke it for the past year by filing an amended return and adding a note / request in the amended return ?
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‎July 26, 2023
2:40 AM