Understanding Your CP265 Notice


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

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