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CP290 notice: what it means and what to do
Got an IRS CP290 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 CP290 notice freeWhat the IRS says this notice is about
We accepted your election to become an Electing Small Business Trust (ESBT).
What you need to do
- Timely file Form 1041, U.S. Income Tax Return for Estates and Trusts PDF
- Include Schedule K-1 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. PDF showing your ownership in the S corporation.
- File a paper return with all required schedules.
- Keep this notice for your records.
For more information:
- S Corporations
- About Form 1120-S, U.S. Income Tax Return for an S Corporation
- 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 542, Corporations
- 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 ESBT election?
Only the Commissioner of Internal Revenue can stop this election. See IR Bulletin 2012-1 for instructions
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