You must inform the IRS of your new name if your company has an Employer Identification Number (EIN). Writing an IRS letter is the simplest way to accomplish this. Include the new name of your company as well as your EIN. Include the new name’s effective date as well as the explanation for the change. Make sure to sign the correspondence and offer a contact address.
The letter can be mailed to the IRS at the location where your tax return was filed. On the IRS website, you can find the correct address if you are unsure of it. As an alternative, you can inform the IRS of your name change by calling their Business and Specialty Tax Line at 1-800-829-4933. Can I change the information on my EIN?
Your EIN data cannot be changed. Once you are given an EIN, the data connected to that number is permanently added to the IRS database. You must submit a change request if you need to modify any of the data related to your EIN. Can I modify my EIN information?
You can update your EIN information, yes. The application for an EIN, Form SS-4, must be filled out completely. You must fill out the form completely and include a justification for your change request. When the form is finished, you can either mail it or fax it to the IRS. How can I update the information on my EIN?
Fill out Form SS-4 with the revised information in order to update your EIN information. The IRS can then receive the form via mail or fax. Alternately, you can change your information over the phone by calling the Business and Specialty Tax Line at 1-800-829-4933.
No, it is free to change the name of your company. However, there can be filing fees involved if you want to change your business structure, for example, from a sole proprietorship to an LLC. If there are any costs involved with altering your company’s name or structure, it is crucial to verify with your state and local governments.
To guarantee that your tax information is accurate, it is crucial to update your business name with the IRS. To inform the IRS of your name change, you can do it by phone, letter, or fax. Form SS-4 must be filled out if you need to modify any of the data related to your EIN. Keep in mind that while altering your business structure may incur additional costs, changing your business name is free.
There are several reasons why a company can decide to alter its name. Rebranding, changing ownership or management, entering new markets, or even seeking a name that more accurately describes the company’s goods or services are a few typical causes.
A business must notify the IRS of a name change in order for the IRS to amend its tax records. If the business already has an Employer Identification Number (EIN), Form SS-4 must be submitted in order to get a new one. It might also need to update its W-9 and 1099 tax documents, as well as its tax return. The business will also need to change its name with other governmental organizations, including the Social Security Administration, state agencies, and regional licensing authorities.