VALID › Notice Library › CP264 Notice
In the IRS’s own words · not reviewed by VALID
CP264 notice explained, in the IRS’s own words
We denied your Form 2553, Election by a Small Business Corporation.
Read the full CP264 page on irs.gov ↗
What this notice is about
We denied your Form 2553, Election by a Small Business Corporation.
What you need to do
You don't need to do anything. However, if you want to be treated as a Small Business Corporation, you must file a new and complete Form 2553 PDF. Be sure to include all required statements.
You may want to
File a new, complete, and timely Form 2553 PDF.
Is there a waiting period before I can re-submit a new Form 2553?
No, you can file a new prepared, complete, and timely Form 2553 at any time.
How can I find out why my Form 2553 was rejected?
Read your notice carefully. It explains why we could not approve your election. You can also request a copy of your Form 2553 by submitting Form 4506, Request for Copy of Tax Return PDF. There is a required fee.
Reference Tools
- Publication 1, Your Rights as a Taxpayer PDF
- Form 1120-S, S Corporation Income Tax PDF
- Full list of tax forms and instructions
Need help?
- You can authorize someone to contact the IRS on your behalf.
- If you can’t find what you need online, call the IRS number on your notice or letter. If you didn’t receive a letter or notice, use telephone assistance.
- If you can't resolve the penalty on your own, contact Taxpayer Advocate Service, an independent organization within IRS.
What to do next
- Write down the date on the letter today.
- Look the number up on irs.gov yourself. Don’t trust a link or phone number from anyone else.
- If it says you owe money or proposes changes to your return, take it to a licensed CPA, EA or tax attorney before that date.
Not advice. Not a filing. Verify with a licensed professional. Rules change by year and facts.