How to Notify the IRS of an LLC Name Change

by
How do I notify the IRS of an LLC name change?
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.
Read more on www.irs.gov

It’s crucial to let the IRS know if the name of your LLC has changed. If you don’t, there can be delays or fines. What you need to know about informing the IRS of an LLC name change is provided below. How to Change Your Business Name with the IRS and Where to Go

You must file Form 8822-B, the Change of Address or Responsible Party – Business form, in order to change your LLC’s name with the IRS. You can receive this form from your nearby IRS office or through the IRS website. To obtain a copy of the form, contact the IRS Business and Specialty Tax Line at 1-800-829-4933.

Should You Inform the IRS of a Name Change? Yes, you must inform the IRS if the name of your LLC changes. To guarantee that you receive crucial tax filings and documentation, the IRS must have accurate information on file. Inaction on your part could lead to delays or fines if you fail to inform the IRS of a name change.

Is it possible to rename your LLC while maintaining the same EIN number? It is possible to rename your LLC while maintaining the same Employer Identification Number (EIN). However, you must use Form 8822-B to inform the IRS of the name change. It’s vital to remember that you will require a new EIN if you decide to change the tax classification of your LLC.

What is the time frame for changing a business name with the IRS?

The IRS may take a while to process your business name change. The IRS normally processes requests for name changes between four to six weeks. This period of time, however, may change based on the number of requests the IRS is currently handling.

In conclusion, updating your company’s information with the IRS after changing the name of your LLC is a crucial step. By completing Form 8822-B, you can quickly and conveniently inform the IRS of a name change. Remember that in order to prevent delays or fines, it is crucial to notify the IRS of a name change.

FAQ
Consequently, does name change affect tax return?

Yes, a change in an LLC’s name can have an impact on its tax return. The LLC must submit a new tax return under its new name, and the IRS must be notified of the name change. A new Form SS-4 may need to be submitted in order for the LLC to update its tax identification number (TIN) with the IRS. To prevent confusion or reporting errors, it is crucial to make sure that all tax records, including W-2s and 1099s, accurately reflect the new name.

Leave a Comment