Home › IRS notices › CP265 notice
CP265 notice: what it means and what to do
Got an IRS CP265 notice? Here is what it means, your deadline, what to check before you answer, and how to reply. Check your own letter free: it stays on your phone.
Check my CP265 notice freeWhat the IRS says this notice is about
This notice alerts you when we terminate a Subchapter S election.
What you need to do
File Form 1120, U.S. Corporation Income Tax Return PDF by the due date. See Instructions for Form 1120 PDF .
Your deadline
Answer by the date printed on your notice. If there is no date, answer as soon as you can, and call the number on the notice if you need more time.
What to check before you answer
Is this letter really from the IRS?
The IRS writes first by mail. A real letter shows a notice or letter number, your name and part of your tax ID number. The IRS does not ask for payment by gift card, crypto or wire transfer. If in doubt, sign in to your IRS online account, where many notices are listed.
You may want to
Keep this notice in your permanent records.
Common questions
Can I re-elect Subchapter S status?
No, you must wait 5 years before making a new election.
Tips for next time you file
- IRS e-file Providers and Large Taxpayers authorized to participate in IRS e-file can file Form 1120; Form 1120-S, U.S. Income Tax Return for an S Corporation PDF ; and Form 1120-F, U.S. Income Tax Return of a Foreign Corporation PDF ; through Modernized e-File.
- IRS e-file Providers and Large Taxpayers authorized by IRS should follow the official guidance listed under "How to Participate" on the Form 1120/1120S/1120-F e-file webpage.
Related notices
- Letter 2802C
- CP120A notice
- CP136 notice
- CP136B notice
- CP137 notice
- CP137A notice
- CP137B notice
- CP209 notice