Where to Change Your Business Name with the IRS

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Where do I go to change my business name with the IRS?
If such a business hasn’t yet made any tax filings with the IRS, it can send its business name change notice to the following address: IRS-Stop 343G, Cincinnati, OH 45999. The medium through which a business informs the IRS of its name change is determined by the kind of company it runs.
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If you choose to rename your company, you might be unsure of the procedures to follow to notify the Internal Revenue Service (IRS). For the IRS to have appropriate information for tax purposes, you must change your business name with them. Here are some responses to frequently asked questions on changing your company name with the IRS.

Should I inform the IRS of a name change?

Yes, you are required to notify the IRS of any changes to the name of your company. The name on your tax returns, forms, and any other paperwork you send to the IRS needs to be updated. This makes sure that you get any IRS mail or notices that pertain to your company.

So, how can I modify the name listed on my EIN number?

Form SS-4, the Application for Employer Identification Number, must be completed in order to change the name of your company with the IRS. Your present EIN number, the legal name of your company, and your new company name must all be included on this form. This form can be submitted online, by mail, or by fax. If you fill out the form online, the name change usually becomes effective right away. Can I utilize my previous EIN number for a new venture? Most of the time, you cannot start a new firm using your previous EIN number. Since the IRS views your EIN number as being exclusive to your company, you must apply for a new EIN number if the name of your company changes. There are a few exceptions to this rule, such as if you alter the ownership or organizational structure of your business. You might be eligible to retain your current EIN number in certain circumstances. Should I rename myself before or after filing taxes?

It is best to rename your company before submitting your tax returns. This guarantees that the information on your tax forms is accurate and that you get any notices or contact from the IRS pertaining to your company. You must file an amended tax return and notify the IRS of your name change if it occurs after you file your tax taxes.

In conclusion, filing a change of business name with the IRS is a critical step in ensuring the accuracy and currentness of your tax information. It’s best to complete Form SS-4 before filing your tax returns if you want to modify the name listed on your EIN number. Contact a tax expert for advice if you have any queries regarding changing your company name with the IRS.