Understanding Your CP261 Notice


What this notice is about

We've accepted your S Corporation election per Form 2553, Election by a Small Business Corporation.

What you need to do

You may want to

If your address changes, submit Form 8822-B, Change of Address or Responsible Party – BusinessPDF, to ensure our records remain correct.

Frequently asked questions

Why is the effective date of the election different from what I submitted on Form 2553, Election by a Small Business CorporationPDF?

You did not timely file Form 2553 for the effective date requested.

Can I have the effective date changed?

Relief may be available through Revenue Procedure 2013-30 within Late Election Relief.

How do I request a private letter ruling (PLR)?

The instructions for requesting a PLR are in the first Internal Revenue Bulletin of each calendar year. See IRB 2017-1PDF.

Links that you may find useful

For more information on S corporations formed as a Limited Liability Company (LLC):

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