If your S-Corp election is denied, the IRS will typically send a notice explaining the reason for the denial, which is often due to incomplete or incorrect information on Form 2553, or missing the election deadline. You may have the opportunity to correct the issues and resubmit your application. In some cases, you can request late election relief by providing reasonable cause for the delay. It's important to resolve the issue promptly to avoid missing out on the tax benefits of S-Corp status for the current tax year.