Understanding Your CP262 Notice

 

What this notice is about

We revoked your subchapter S election.


What you need to do

File Form 1120, U.S. Corporation Income Tax Return PDF by the required due date.


You may want to

Keep this notice for your permanent records.


Frequently asked questions

You must wait five years before you're eligible to make a new election.


Tips for next year

  • File Form 1120 by the required due date.
  • Consider e-filing. IRS providers and large businesses authorized to participate in IRS e-file can file Form 1120, Form 1120-S, U.S. Income Tax Return for an S Corporation, and Form 1120-F, U.S. Income Tax Return of a Foreign Corporation, through Modernized e-File (MeF).
  • Visit Form 1120/1120S/1120-F e-file for more information about MeF.

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