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IRS Notice CP290: IRS approved your small business trust

IRS Notice CP290 is an information letter from the IRS. The IRS accepted your election to be treated as an Electing Small Business Trust. Letters in this group share account information with you. Check the details against your own records and the letter itself.

What this letter usually means

The IRS accepted your election to be treated as an Electing Small Business Trust. Keep it with your tax records in case you need it later.

Category: Information and other notices

What people usually do first

File Form 1041 on time, with a Schedule K-1 (Form 1065) showing the trust's S corporation ownership.

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 CP290.

Common questions about CP290

What is IRS notice CP290?

The IRS accepted your election to be treated as an Electing Small Business Trust.

How long do I have to respond to a CP290 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 CP290 for more.

Is a CP290 notice a scam?

A real CP290 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 CP290 notice?

The CP290 notice, A completed Form 1041 with all schedules, The Schedule K-1 (Form 1065) showing the trust's ownership.

Scan your letter in the OweRight iPhone app

The OweRight app can tell you what a CP290 letter is and points you to the IRS page for it.

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

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