What this notice is about
This notice alerts you when we terminate a Subchapter S election.
What you need to do
- File Form 1120, U.S. Corporation Income Tax Return (PDF) by the due date. See Instructions for Form 1120 (PDF).
You may want to
- Keep this notice in your permanent records.
Frequently asked questions
Can I re-elect Subchapter S status?
No, you must wait 5 years before making a new election.
Tips for next time you file
- IRS e-file Providers and Large Taxpayers authorized to participate in IRS e-file can file Form 1120; Form 1120-S, U.S. Income Tax Return for an S Corporation (PDF); and Form 1120-F, U.S. Income Tax Return of a Foreign Corporation (PDF); through Modernized e-File.
- IRS e-file Providers and Large Taxpayers authorized by IRS should follow the official guidance listed under "How to Participate" on the Form 1120/1120S/1120-F e-file webpage.