Understanding your CP288 notice

What this notice is about

We accepted your election or treatment to become a Qualified Subchapter S Trust (QSST).

What you need to do

• Timely file Form 1041, U.S. Income Tax Return for Estates and Trusts PDF.
• Keep this notice for your records.

For more information

Visit the following sites for more information:

• S Corporations
• Form 1120-S, U.S. Income Tax Return for an S Corporation
• Publication 542, Corporations PDF
• S Corporation Compensation and Medical Insurance Issues
• S Corporation Employees, Shareholders and Corporate Officers
• S Corporation Stock and Debt Basis
• Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees (IRB 2008-2, Notice 2008-1)
• Publication 17, Your Federal Income Tax

Frequently asked questions

How do I end the QSST election? (updated Aug. 24, 2022)

This election can only be stopped with the permission of the Commissioner of Internal Revenue. See IR Bulletin 2012-1 for instructions.