- What it means
- The IRS accepted your Form 2553 and your corporation is treated as an S corporation from the effective date shown.
- Respond within
- The date on the notice
- What to send
- Nothing, if the effective date matches what you requested.
- Write it
- Document cover letter
- When to get help
- If the effective date is wrong, respond immediately; a wrong year means the wrong return type is due.
What the letter says
Your election is in. The notice states the effective date, which determines the first year you file Form 1120-S instead of Form 1120.
What to do
Check the date against your Form 2553. Keep the notice permanently; lenders and buyers ask for it years later.
What to gather
- The notice
- Your Form 2553 with proof of when it was filed
Write back
The Document cover letter tool builds the response in the order the IRS reads it. Fill it in, review it, print it, and send it with copies of the documents above and the notice stub on top.
Before you send anything
This is general information, not tax advice. Situations differ. Check with your tax advisor before you send anything. Nothing on this page creates a client relationship.