revocation of election under internal revenue code section 1362



revocation of election under internal revenue code section 1362 :

TO :


District Director


Internal Revenue Service


______________________


Notice is hereby given, pursuant to Section 1362 of the Internal Revenue Code, that _______________________ a _____________ corporation with offices at ________________ hereby revokes its S corporation election, filed with you on ________________. The first taxable year for which this revocation is intended to be effective is the taxable year commencing ________________.


Dated


BY :_______________________ as President of the corporation


SHAREHOLDERS’ CONSENT TO REVOCATION OF ELECTION


We, the undersigned, being more than one-half of the shareholders of _________________ at the beginning of the day on which the revocation of S Corporation election to which this consent is attached was filed with the District Director of Internal Revenue at ___________________, hereby consent to such revocation.


Dated ____________________.


Name and Address Shares Owned Signature


____________ ________ __________


_____________ ________ _________


_________________ ________ __________


NOTICE


The information in this document is designed to provide an outline that you can follow when formulating business or personal plans. Due to the variances of many local, city, county and state laws, we recommend that you seek professional legal counseling before entering into any contract or agreement.




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