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Understanding Your CP265 Notice

CP 265 generates when IRS terminates a Subchapter S election.

What you need to do

  • File Form 1120 by the required due date.

You may want to...

  • Keep this notice in your permanent records.

Answers to Common Questions

Can I re-elect Subchapter S status?
No, you must wait five years before making a new election.

Tips for next year

  • File Form 1120 by the required due date.
  • IRS e-file Providers and Large Taxpayers authorized to participate in IRS e-file can file Form 1120, U.S. Corporation Income Tax Return, Form 1120S, 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.
  • For more information about Modernized e-File visit Form 1120/1120S/1120-F e-file.
Page Last Reviewed or Updated: 15-Jan-2016

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