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.
Need help?
- You can authorize someone to contact the IRS on your behalf.
- See if you qualify for help from a Low Income Taxpayer Clinic.
- If you can’t find what you need online, call the IRS number at the top of your notice or letter. If you didn’t receive a letter or notice, use telephone assistance.
- If you can't resolve the penalty on your own, contact Taxpayer Advocate Service, an independent organization within IRS.