What this notice is about We denied your Form 8716, Election To Have a Tax Year Other Than a Required Tax Year, because an Internal Revenue Code (IRC) Section 444 election was previously terminated. We'll mail your denied Form 8716 separately. What you need to do File your annual return at the end of your required tax year, usually December 31. You may want to Keep this notice for your permanent records. Frequently asked questions How often can I make an IRC Section 444 election? You can only make that election once. How long does an IRC Section 444 election last? It remains in effect until You change your accounting period to a required tax year, You change your accounting period to some other permitted year, OR You're penalized for willfully failing to comply with the requirements of IRC Sections 280H or 7519. Reference Tools Publication 1, Your Rights as a Taxpayer Full list of tax forms and instructions 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.