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IRS Notice CP292: IRS ended your S corporation trust election

IRS Notice CP292 is an information letter from the IRS. The IRS says it revoked your QSST (Subchapter S trust) election. Letters in this group share account information with you. Your letter is the final word, so read every page.

What this letter usually means

The IRS says it revoked your QSST (Subchapter S trust) election. 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.

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 CP292.

Common questions about CP292

What is IRS notice CP292?

The IRS says it revoked your QSST (Subchapter S trust) election.

How long do I have to respond to a CP292 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 CP292 for more.

Is a CP292 notice a scam?

A real CP292 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 CP292 notice?

The CP292 notice, The trust's records for Form 1041, The Form 1041 instructions, for the due date.

Scan your letter in the OweRight iPhone app

The OweRight app can tell you what a CP292 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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