Home › IRS notices › CP288 notice
CP288 notice: what it means and what to do
Got an IRS CP288 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 CP288 notice freeWhat the IRS says this notice is about
We accepted your election or treatment to become a Qualified Subchapter S Trust (QSST).
What you need to do
- Timely file Form 1041, U.S. Income Tax Return for Estates and Trusts PDF .
- Keep this notice for your records.
For more information
Visit the following sites for more information:
- S Corporations
- Form 1120-S, U.S. Income Tax Return for an S Corporation
- Publication 542, Corporations PDF
- S Corporation Compensation and Medical Insurance Issues
- S Corporation Employees, Shareholders and Corporate Officers
- S Corporation Stock and Debt Basis
- Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees ( IRB 2008-2, Notice 2008-1 )
- Publication 17, Your Federal Income Tax
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.
Common questions
How do I end the QSST election? (updated Aug. 24, 2022)
This election can only be stopped with the permission of the Commissioner of Internal Revenue. See IR Bulletin 2012-1 for instructions.
Get my response letter for CP288 noticeRelated notices
- Letter 2802C
- CP120A notice
- CP136 notice
- CP136B notice
- CP137 notice
- CP137A notice
- CP137B notice
- CP209 notice