File Pay Refunds Credits & Deductions Forms & Instructions

Revoking a Subchapter S Election

To revoke a Subchapter S election/small business election that was made on Form 2553, submit a statement of revocation to
the service center where you file your annual return. Related Items
The statement should state: About Form 1120-S, U.S. Income Tax
The corporation revokes the election made under Section 1362(a) Return for an S Corporation
Name of the shareholder(s), About Form 1128, Application to
Address of the shareholder(s), Adopt, Change or Retain a Tax Year
Taxpayer identification number of the shareholder(s), About Form 8716, Election to Have a
The number of shares of stock owned by the shareholder(s), Tax Year Other Than a Required Tax
The date (or dates) on which the stock was acquired Year
The date on which the shareholder's taxable year ends About Form 8832, Entity
The name of the S corporation Classification Election
The S corporation's EIN
About Form 8869, Qualified
The election to which the shareholder(s) revokes
Subchapter S Subsidiary Election
The statement must be signed by the shareholder(s) under penalties of perjury
About Form SS-4, Application for
Signature and consent of shareholder(s) who collectively own more than 50% of the number of issued and outstanding
Employer Identification Number
stock of the corporation, (whether voting or non-voting)
(EIN)
Indication of the effective date of the revocation (or prospective date)
Signature of person authorized to sign return About Form SS-4 (PR), Application
for Employer Identification Number
(EIN) (Puerto Rican Version)
Due Date of Revocation:
If revoking effective the first day of the tax year, the revocation is due by the 16th day of the third month of the tax year,
If revoking effective any day other than the first day of the tax year, the revocation must be received by IRS by the requested
effective date.
For example, the S corporation is on a December 31 tax year ending and requests a revocation effective January 1, the
revocation is due March 15.
The S corporation is on a December 31 tax year ending and requests a revocation effective February 14, the revocation is
due February 14. 

Page Last Reviewed or Updated: 17-Mar-2022

: