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IRS Notice CP262: IRS ended your S corporation election

IRS Notice CP262 is an information letter from the IRS. The IRS says it revoked your S corporation election. It mostly gives you information about your account. Your letter is the final word, so read every page. Check the details against your own records and the letter itself.

What this letter usually means

The IRS says it revoked your S corporation election. Letters like this often need no reply. Read it fully to be sure.

Category: Information and other notices

What people usually do first

File Form 1120 by the required due date.

What to have ready

What may come next

This letter does not point to a specific follow-up letter. Any later step will be described in mail from the IRS.

Read the IRS page

The IRS letter itself is the final word on what it means for you. Read the IRS page for CP262.

Common questions about CP262

What is IRS notice CP262?

The IRS says it revoked your S corporation election.

How long do I have to respond to a CP262 notice?

The date to respond or pay by, if there is one, is printed on your letter. Check it, and read the IRS page for CP262 for more.

Is a CP262 notice a scam?

A real CP262 comes by mail and should match your own records. You can also sign in to your IRS Online Account on irs.gov to see your account directly.

What should I have ready for a CP262 notice?

The CP262 notice, Your business records for Form 1120, Your e-file provider details.

Scan your letter in the OweRight iPhone app

The OweRight app can tell you what a CP262 letter is and points you to the IRS page for it.

Coming soon to theApp Store

OweRight is not the IRS and does not give tax or legal advice.

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