We denied your Form 8716 request because we show an Internal Revenue Code (IRC) 444 election was previously terminated. An entity cannot make another IRC Section 444 election if an 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 Dec. 31st.
Answers to Common 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 the entity changes its accounting period to its required tax year or some other permitted year OR it’s penalized for willfully failing to comply with the requirements of IRC Sections 280H or 7519.
How to get help
- Call the 800, 866 or 888 number listed on the top right corner of your notice.
- Authorize someone (such as an accountant) to contact the IRS on your behalf using Form 2848, Power of Attorney and Declaration of Representative (PDF)
- See if you qualify for help from a Low Income Taxpayer Clinic.