Understanding your CP287 notice

 

What this notice is about

We denied your Form 8716, Election To Have a Tax Year Other Than a Required Tax Year PDF, because:

  • For CP287, you’re on a taxable year ending on December 31 (a calendar year).

  • For CP287A, it was filed late.
  • For CP287B, you don’t meet Internal Revenue Code (IRC) Section 444 deferral period requirements.
  • For CP287C, your previous IRC Section 444 election ended, and you can only make that election once.

We’ll mail your denied Form 8716 separately.

What you need to do

Continue filing your income tax return using your current tax year.

Frequently asked questions

If you’re a subchapter S corporation, you may be eligible to elect a fiscal tax year under Revenue Procedure 2006-46.

The earlier of:

  • the due date (not including extensions) of the income tax return for the tax year you chose with the (IRC) Section 444 election, or
  • the 15th day of the 5th month after the month your election tax year starts. Ex: If the election starts September 5, the deadline will be February 15.

The number of months between the last day of the elected tax year and the last day of the required tax year.

You can only make that election once.

It remains in effect until:

  • You change your taxable year to a required tax year,
  • You change your taxable year to some other permitted year, or
  • You knowingly don’t follow the rules of IRC Sections 280H or 7519.

 

Herramientas de referencia

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Page Last Reviewed or Updated: 09-Feb-2026