What this notice is about
We denied your Form 8716, Election To Have a Tax Year Other Than a Required Tax Year, election because we show you established your tax year as a calendar year.
What you need to do
File your annual return at the end of your required tax year, usually December 31.
Frequently asked questions
Is there another way to elect the use of a fiscal tax year?
If you’re a subchapter S corporation, you may be eligible to elect a fiscal tax year under Revenue Procedure 2006-46.