The Business Name Change Form for IRS, also known as Form 8822-B, is a crucial document for businesses that have changed their legal name. This form is used to update the IRS records with the new business name, ensuring accurate tax filings and avoiding any confusion or complications. The IRS recognizes that businesses may undergo name changes due to various reasons such as mergers, acquisitions, rebranding, or simply to better reflect their operations. By submitting Form 8822-B, businesses promptly notify the IRS about these changes and ensure that their tax obligations are properly associated with the new name. Completing this form requires accurate and detailed information to ensure a smooth process. The basic details to be provided include the old business name, the new business name, the Employer Identification Number (EIN), the business address, and the effective date of the name change. Additionally, businesses must explain the reason for the name change, whether it was voluntary or due to a statutory requirement. It is important to note that there are different types of Business Name Change Forms for the IRS, catering to specific circumstances. Two common types are: 1. Form 8822-B: This is the general form for businesses that have undergone a legal name change for any reason mentioned above. 2. Form 8822-B for a Reorganized Corporation: This specific form is used when a business restructuring involves a reorganization under the Internal Revenue Code Section 368 (a). This form is required for corporations going through a tax-free merger, consolidation, or division. Submitting the Business Name Change Form to the IRS ensures that all future tax-related communications, including refunds, notices, and updates, are properly directed to the new business name. It is essential to complete and submit the form promptly after the name change to avoid any complications in tax reporting or receiving important documents from the IRS.
Business Name Change Form For Irs
Description
How to fill out Sample Letter For Certificate Of Transaction Of Business Under Fictitious Name - By Partnership?
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FAQ
When you change your business name, you generally do not have to file for a new EIN. Instead, you submit an EIN name change. The process you take depends on your entity type. Sole proprietorships need to send a signed notification to the IRS.
When filing a current year tax return, you can change your business name with the IRS by checking the name change box on the entity's respective form: Corporations ? Form 1120, Page 1, Line E, Box 3. S-Corporation ? Form 1120S, Page, 1, Line H, Box 2.
If you need to make a name change before filing a tax return with the IRS, you should send your request to the Cincinnati, Ohio, office of the IRS located at 550 Main St # 10, Cincinnati, OH 45202.
Use Form 8822-B to notify the Internal Revenue Service if you changed your business mailing address, your business location, or the identity of your responsible party.
Write to us at the address where you filed your return, informing the Internal Revenue Service (IRS) of the name change. Note: The notification must be signed by the business owner or authorized representative.