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Understanding Your CP266 Notice

CP 266 generates when Chief Council receives a referral of your Form 2553, Election by a Small Business Corporation.

What you need to do

  • Quickly respond to any inquiries from Chief Counsel, as you may be subject to a user fee.
  • To review Chief Counsel user fees, see Internal Revenue Bulletin 2015-1, or its predecessor at Internal Revenue Bulletin 1.

You may want to...

  • Keep this notice in your permanent records.

Answers to Common Questions

Will I be notified of the election’s approval?
Yes, you will receive written notification when we approve or deny your election.

Can I file Form 1120S?
No, you must not file Form 1120S until we approve your Subchapter S election.

Tips for next year

IRS e-file Providers and Large Taxpayers authorized to participate in IRS e-file can file Forms 1120, U.S. Corporation Income Tax Return, 1120S, U.S. Income Tax Return for an S Corporation, and 1120-F, U.S. Income Tax Return of a Foreign Corporation, through Modernized e-File.

This site provides information on the MeF program as it relates to corporate returns. IRS e-file Providers and Large Taxpayers authorized by IRS should follow the official guidance listed under "How to Participate" below.

Page Last Reviewed or Updated: 15-Jan-2016

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