Do You Need to Update Your Address With the IRS? Why?

business information

The short answer is yes. Updating your address with the IRS ensures that you receive all important communication. Tax mistakes happen. If you owe money and the IRS has no valid address to send correspondence to you, you’ll likely end up owing fines on top of the taxes. Even if you never owe the IRS money, updating your address is the responsible thing to do as a business owner.

How Do You Update Your Address With the IRS?

To update your address with the IRS, you must fill out Form 8822. IRS EIN Tax ID Filing Service can help you fill it out. The form ensures you receive all information about taxes you owe or your EIN number in Louisiana or any other state. Keep in mind that the IRS can take up to 60 days to process the form.

What if You Don’t Have an EIN?

There are few cases that don’t require you to have an employer identification number to legally operate your business. However, if you don’t already have an EIN, obtaining one is beneficial for your business. It allows you to hire employees, open bank accounts or credit accounts in your company’s name, apply for financing and much more. If you are a sole proprietor, you EIN can also protect your personal information since you can use it instead of your own social security number on tax forms.

How Do You Apply for an EIN?

You can apply for an EIN on the IRS-EIN-Tax-ID website. Simply fill out the application with information about you and your business, pay the one-time filing fee and submit your application. Most people receive a response the very same day, but you can also use the IRS EIN lookup to see if you’ve been assigned a number yet.

Allow IRS EIN Tax ID Filing Service to help you obtain an EIN or change your address with the IRS. Contact them for more information.

About Mohit Tater

Mohit is the co-founder and editor of Entrepreneurship Life, a place where entrepreneurs, start-ups, and business owners can find wide ranging information, advice, resources, and tools for starting, running, and growing their businesses.

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