IRS Form 8822-B walkthrough (Change of Address or Responsible Party - Business)

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  • Опубліковано 4 січ 2025

КОМЕНТАРІ • 87

  • @DaniloVerastegui
    @DaniloVerastegui 6 днів тому

    Muchas gracias por compartir. Mis dudas fueron debidamente aclaradas.

  • @fromlinetoline
    @fromlinetoline День тому

    Thank you for this! I moved from FL to PA and need to update my LLC address. Would I register my LLC as a foreign entity in PA first? or submit this form first? Thanks in advance!

    • @teachmepersonalfinance
      @teachmepersonalfinance  23 години тому +1

      I'm not sure whether one or the other needs to be done first--this appears to be a legal question, which I cannot answer. However, I don't believe that it would hurt to update your address with the IRS if your LLC already has your old (Florida) address in your tax record.

    • @fromlinetoline
      @fromlinetoline 19 годин тому

      @@teachmepersonalfinance Awesome, thanks for the reply!

  • @atlantapreneur
    @atlantapreneur 3 місяці тому

    Thanks, I am going through this right now. This helped tremendously.

  • @thunderstompthreadz
    @thunderstompthreadz 8 місяців тому +2

    If I am changing my business location and mailing address to the same location which is new, would I check boxes 1 and 3? And if I check those boxes, would I still be able to take my home office expense as normally on my schedule C, even if my business address is not the same as my home? To elaborate, I am thinking I need to update my business address to my new virtual office address (which will also be my new mailing address), but I work out of my home. So I am doing this to keep my home address private, but my concern is that this change would affect my home office deduction. I hope I made this question clear.
    I will also be updating my name to my new married name. Is this necessary? Thank you!

    • @teachmepersonalfinance
      @teachmepersonalfinance  7 місяців тому

      I'm sorry that I didn't see this earlier.
      You should be able to check both boxes 1 and 3.
      If you have legitimate home office expenses, you might be able to claim a home office deduction, but it will be tough. According to the IRS, your home office must be the primary place of business, which you're indicating that it's not. But if you are using a virtual office address (as many businesses do), then you should be able to justify it when audited.
      At the end of the day, it seems that you have a decent understanding of the impact caused by your filing Form 8822-B. As long as you feel like you can walk an auditor through your process, and if you believe that your auditor would still credit you with your home office use, then I don't see a problem with you doing this.
      You should update your name to your married name, as this should be irrelevant.

  • @georgejones6373
    @georgejones6373 6 місяців тому +1

    Thank you for very much for sharing this information!

  • @ExperimentallyGokoolio
    @ExperimentallyGokoolio 2 місяці тому

    I sold my single member LLC and I believe this form needs to be sent to the IRS with the new owner as the responsible party. Do I sign it or does the new owner sign it. Thanks

    • @teachmepersonalfinance
      @teachmepersonalfinance  2 місяці тому

      If you sold the company, then you are no longer able to sign as the responsible party. This would be the new owner's responsibility.

    • @ExperimentallyGokoolio
      @ExperimentallyGokoolio 2 місяці тому

      @@teachmepersonalfinance Thank you!

  • @jzbey6957
    @jzbey6957 8 місяців тому +1

    Thank you so much, you are awesome for the education and I appreciate you so much😊

  • @happyfamilyhandymanblog
    @happyfamilyhandymanblog Місяць тому

    Thank you for the video! If I want to send a W9 to my clients with a PO BOX address as I am a service based business and I dont want do disclose my residence address for privacy reasons, what should I do? Should I use PO Box address in 6, but the actual address in 7, and fill out W9 using a PO Box address? Thanks in advance.

    • @teachmepersonalfinance
      @teachmepersonalfinance  Місяць тому +1

      According to the form instructions, you're supposed to enter your PO box number instead of your street address only if your post office does not deliver mail to your street address.
      There are probably low-cost ways to get around this. You could also call the IRS to discuss your situation to see if there's different guidance. Or you could actually try it and see what happens (although I can't actually recommend it).
      If I were in your situation, I'd probably call the IRS to see if I could use the PO Box address for the W-9 without having to complete IRS Form 8822-B.

  • @writingguru2753
    @writingguru2753 5 днів тому

    I've changed only my mailing address, which Box I should check in? Sir

    • @teachmepersonalfinance
      @teachmepersonalfinance  4 дні тому +1

      You would check the the boxes related to the types of tax return your business files. For most businesses, that would be at least Box 1, but you need to look at whether Box 2 also applies.

    • @iGrow365
      @iGrow365 4 дні тому

      ​@@teachmepersonalfinance Thanks for the guidance 🙂

  • @KAndrews-k2d
    @KAndrews-k2d 3 місяці тому

    I run my own business through my home. Do I have to list my home address as the business location and have the PO Box as my mailing address or can I use the PO Box as business location and mailing address?

    • @teachmepersonalfinance
      @teachmepersonalfinance  3 місяці тому

      According to the form instructions, you should only list your P.O. Box address *if your post office does not deliver mail to your street address.*

  • @marka861
    @marka861 Місяць тому

    Will this update my w9 adress once its processed or is there a different form or way to change the adress on w9 form. Thank you in advance.

    • @teachmepersonalfinance
      @teachmepersonalfinance  Місяць тому

      IRS Form 8822-B or IRS Form 8822 should update the address for the tax record associated with the taxpayer identification number: www.irs.gov/faqs/irs-procedures/address-changes/address-changes.
      There is no official 'W-9' address that also needs to be updated. However, it does take about 4-6 weeks (according to the IRS) for the changes to be made. You can also change your address over the phone (see above link for details), if you need this to post sooner.

    • @marka861
      @marka861 Місяць тому

      @teachmepersonalfinance thank you

  • @engineersaharfahim365
    @engineersaharfahim365 2 місяці тому

    Hey, I have registerd NON resident LLC in mountna and the address initially from another country and currently living in USA , Now want to change my LLC address to USA what to do in " wher to file " part of the form.
    Thanks

    • @teachmepersonalfinance
      @teachmepersonalfinance  2 місяці тому

      I believe that you're asking where to file this form if your old address was outside the United States. In this situation, you would send the form to the following IRS location:
      Internal Revenue Service
      Ogden, UT 84201-0023
      If this is not the question you intended, please clarify your question.

  • @TRUCKANDPERMITS4ULLC
    @TRUCKANDPERMITS4ULLC 4 місяці тому

    Thank you so much for this video. My question is, if a bought a going business and I don't plan on using their tax id anymore do I have to file this form also? I want to apply for a new tax id. Can you refer me what forms I need to fill?

    • @teachmepersonalfinance
      @teachmepersonalfinance  4 місяці тому +1

      You *may* need to complete Form SS-4 (see links below), based on your situation. This IRS page gives further guidance based upon the nuances of your situation: www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein
      IRS Form SS-4, Application for Employer Identification Number
      Article: www.teachmepersonalfinance.com/form-ss-4-instructions/
      Video: ua-cam.com/video/eILewlSy9OU/v-deo.html

  • @meerimdzhetybaeva143
    @meerimdzhetybaeva143 Місяць тому

    Hi! I need to exclude one of 2 owners, should I just keep the actual owner in this form (line 8)?

    • @teachmepersonalfinance
      @teachmepersonalfinance  Місяць тому

      You can do this. If your intention is to ensure that the excluded person no longer receives IRS correspondence, then that would be the correct approach.

    • @meerimdzhetybaeva143
      @meerimdzhetybaeva143 Місяць тому

      @
      Thanks a lot for your reply!
      Is that correct that amended annual report and this 8822-b form are the only things to be filed for removing one of 2 owners?

    • @teachmepersonalfinance
      @teachmepersonalfinance  Місяць тому

      @@meerimdzhetybaeva143 I cannot attest to any state or legal requirements when it comes to change of ownership for a business entity. However, from the IRS perspective, filing Form 8822-B indicates the change of a responsible person, or the person that the IRS will associate with the business entity.
      For other legal requirements, you may need to check with your state or local business registration office.

    • @meerimdzhetybaeva143
      @meerimdzhetybaeva143 16 днів тому

      Hi! Can you please kindly tell how to find out if this form mailed to the IRS was accepted by them? Because calling to the number they mentioned for businesses didn’t give any results, no one who picked up the phone could help…

    • @teachmepersonalfinance
      @teachmepersonalfinance  15 днів тому

      @@meerimdzhetybaeva143 Probably the most reliable way is to simply check your IRS online account to see if the address on file has changed. The IRS says that it takes between 4 and 6 weeks for them to process the change of address, so you probably want to account for this as well.

  • @k.s.1590
    @k.s.1590 5 місяців тому

    You might have answered this already somewhere but I heard your comment in the video about checking the details of this form online. Did I hear that right? If so, how do you do that? Do we create an IRS account associated with the EIN, etc.?

    • @teachmepersonalfinance
      @teachmepersonalfinance  5 місяців тому +1

      You can check your tax transcript on the IRS website, if you've set up an account, which would be tied to your EIN: www.irs.gov/individuals/get-transcript
      If you don't want an account, you can request a copy of your tax transcript by filing IRS Form 4506-T (see links below on the form and how to complete it).
      IRS Form 4506-T, Request for Transcript of Tax Return
      Article: www.teachmepersonalfinance.com/irs-form-4506-t-instructions/
      Video: ua-cam.com/video/szu6_cH5QpY/v-deo.html

  • @tatianalychagina9553
    @tatianalychagina9553 6 місяців тому

    Hey! Thank you for the video, its very helpful! I'm sending this form on behalf of my client and I dont have any official written authorisation letter from them, just verbal agreement. Am I able to sign it or do I need my client to sign it? If I can do it by myself, do I write my name and signature/my company name and signature? And title will be representative? Thank you!!

    • @teachmepersonalfinance
      @teachmepersonalfinance  6 місяців тому +1

      As I see it, your client would need to sign, unless they grant you permission with a power of attorney form (i.e. IRS Form 2848).
      According to the form instructions:
      If you are a representative signing on behalf of the taxpayer, you must attach to Form 8822-B a copy of your power of attorney. To do this, you can use Form 2848. The Internal Revenue Service will not complete an address or responsible party change from an “unauthorized” third party.
      Below is more information about the power of attorney form.
      IRS Form 2848, Power of Attorney and Declaration of Representative
      Article: www.teachmepersonalfinance.com/irs-form-2848-instructions/
      Video: ua-cam.com/video/VOeWSHKXr1g/v-deo.html

    • @tatianalychagina9553
      @tatianalychagina9553 6 місяців тому

      @@teachmepersonalfinance got it, thank you so much!

  • @igor_257
    @igor_257 7 місяців тому

    I recently changed my business type for my llc from e-commerce to real estate do i need a new ein?

    • @teachmepersonalfinance
      @teachmepersonalfinance  7 місяців тому

      It doesn't seem that you would need a new EIN simply because you changed your business' direction from e-commerce to real estate. The IRS has a page that can help you navigate this for yourself, depending on your circumstances: www.irs.gov/businesses/small-businesses-self-employed/do-you-need-a-new-ein

  • @joepautz8442
    @joepautz8442 3 місяці тому

    If the business is a consolidated C Corp, can you file just one form or should you file a form for each entity?

    • @teachmepersonalfinance
      @teachmepersonalfinance  3 місяці тому +1

      I wasn't able to find an online reference, either in the instructions, an IRS publication, or in the Internal Revenue Manual. You might want to discuss this with the IRS in more depth for a complete answer.
      But if you wish for the IRS to send ALL correspondence to the consolidated C corporation's location, then you probably could just file one form.

  • @kszn0991
    @kszn0991 2 місяці тому

    I just need to change my physical business address, and my mailing address shows the correct one. Which parts of the form should I update? Also, can I just fax it?

    • @teachmepersonalfinance
      @teachmepersonalfinance  2 місяці тому

      You should update Line 7, which is the physical business address. You can fill in the other fields as a CYA, but you probably don't need to.
      Since the form instructions do not contain any fax information, I don't believe that faxing your change of address form is an option here.

  • @Angelz10101
    @Angelz10101 5 місяців тому

    Hii thank you for the help, one question, if I am only doing 1 as change, should I put any address at all? Should I put N/A, leave blank, or just put the same address in all the boxes?

    • @teachmepersonalfinance
      @teachmepersonalfinance  5 місяців тому

      If it were me, I would enter my current address in at least one of the fields. Some people have reported to me that they've entered their address in all fields, and some have reported only 1 field. But I would indicate an address somewhere on the form.

  • @MalikkkSargent
    @MalikkkSargent 25 днів тому

    Could this apply for an ssn? in accordance with 18 USC 8 and section 3.8.45.5.10.1 of the IRM?

    • @teachmepersonalfinance
      @teachmepersonalfinance  25 днів тому

      I'm not sure either of those references apply in this situation. Can you give me some more context on what you're trying to achieve?

  • @Footballteevee
    @Footballteevee 7 місяців тому

    What does tittle mean cuz my wife registered the company as consultant does that mean the tittle should be consultant or its president

  • @wi3011
    @wi3011 3 місяці тому

    Hello! I made a mistake when filling out my LLC's EIN. I entered my address but without the APT number (the city, state and zip code are correct). My question is, when I fill out this form 8822-B, how long will it take to get a response that the address change was made correctly? And how long will it take to receive my new EIN document with the corrected address?

    • @teachmepersonalfinance
      @teachmepersonalfinance  3 місяці тому

      If you filed a change of address related to employment tax returns, you might receive IRS Notice CP148A (old address), and IRS Notice CP148B (new address). But you might not always receive a notification.
      You should check back with the IRS after about 6 weeks (IRS website states 4-6 weeks for processing).
      You should also be able to verify that this address change reflects the proper EIN.

  • @RTLIFEISGOOD
    @RTLIFEISGOOD 8 місяців тому

    Hello and thank you for this video! So if I'm only changing my business mailing address and nothing else, I should not check off boxes 1, 2, or 3? Thank you.

    • @teachmepersonalfinance
      @teachmepersonalfinance  8 місяців тому

      You would need to check the appropriate box, since your change of business address will impact at least *one* of your tax returns (such as a business income tax return, whether filed on Schedule C, Form 1120-S (S-corporation), or Form 1065 (partnership).

  • @bigmoneyjb
    @bigmoneyjb 4 місяці тому

    If I'm changing my business name does the new name go in box 4A? I'm assuming they would know the previous business name by using the EIN in box 4B correct?

    • @teachmepersonalfinance
      @teachmepersonalfinance  4 місяці тому

      If the only purpose of completing this form is to change your business name, I don't believe you need to complete this form.
      If you're completing this form to update the address or responsible party, then I believe your new business name would be appropriate. However, I'm not positive, since there isn't really any clear guidance on this question. You may want to contact the IRS to be sure.

  • @Suleymansoglu
    @Suleymansoglu 3 місяці тому

    Hello
    I need change my business address to new one But I am non resident in USA after I filled all lines that are needed how can I submit and deliver to the concerning statement
    Thank you

    • @teachmepersonalfinance
      @teachmepersonalfinance  3 місяці тому

      You would file this form with the IRS office based on where you live. This would be either the IRS office in Kansas City, MO, or in Ogden, UT, as indicated on the bottom of the form.

    • @Suleymansoglu
      @Suleymansoglu 3 місяці тому

      @@teachmepersonalfinance I see but my question is do ı have to physically in USA

    • @Suleymansoglu
      @Suleymansoglu 3 місяці тому

      DO I HAVE TO BE İN USA

    • @teachmepersonalfinance
      @teachmepersonalfinance  3 місяці тому

      @@Suleymansoglu According to the form instructions, if your *old* address was outside the United States (doesn't matter where it was relocated to), then you would file with this IRS address:
      Internal Revenue Service
      Ogden, UT 84201-0023

    • @Suleymansoglu
      @Suleymansoglu 3 місяці тому

      @@teachmepersonalfinanceHow can I do it online ?

  • @Footballteevee
    @Footballteevee 7 місяців тому

    What is tittle on the form cuz I see you wrote president is the tittle the info you used when registering the comoany cuz my wife used consultant is that the tittle. ?

    • @teachmepersonalfinance
      @teachmepersonalfinance  7 місяців тому

      The title is defined by you. So if your wife is a consultant, that’s probably fine.

  • @hoodiakov
    @hoodiakov 5 місяців тому

    In box 9, if responsible party if a forenger and doesn't have SSN, ITIN, what should I write in this case?

    • @teachmepersonalfinance
      @teachmepersonalfinance  5 місяців тому

      If there isn't an identifying number for that person, then you may need to leave that field blank. There are limited opportunities to use an EIN.
      However, I would advise calling the IRS for additional advice for this change of responsible party notification, since notifying the IRS within 60 days of change of responsible party is a requirement.

  • @manaliband
    @manaliband 6 місяців тому

    For our LLC, we mailed the form from our new mailing/business address. Does it matter which we mail from (new or old)? Thanks for the thorough information!

    • @teachmepersonalfinance
      @teachmepersonalfinance  6 місяців тому

      It should not matter which address you mailed your form from, as long as the fields are properly completed on the form itself.

  • @essentialinformer
    @essentialinformer 7 місяців тому

    Can't do it at the Local IRS office?

    • @teachmepersonalfinance
      @teachmepersonalfinance  7 місяців тому

      You can change your address of record at your local IRS office. Most offices require you to make an advance appointment, but if you are able to avoid a long wait, this might be a preferable option for you.

  • @Laverdadmata999
    @Laverdadmata999 6 місяців тому

    My dad gave my husband the business as he wanted to retired. I want to make sure my dad is no longer associated with this business because my husband is horrible at business and I know he will mess things up…will completing this form as a change of responsible party enough to process the change?

    • @teachmepersonalfinance
      @teachmepersonalfinance  6 місяців тому +1

      Updating the change of responsibility should be sufficient for the IRS to recognize that your father is no longer the business owner. However, you may want to check with your state's business office (i.e. Florida's Division of Corporations, also known as Sunbiz) to see if there are any additional requirements for reporting ownership change.

  • @joelmason6818
    @joelmason6818 8 місяців тому

    Here's my issue. The guy I got tonset up my LLC filed the wrong address on my EIN and he won't respond to any communications via direct message, email, or his office personel. What can I do about this? He put someone else's PO Box on it and I don't have access to it. This seems to be a very big deal and I'm not sure how to fix it.

    • @teachmepersonalfinance
      @teachmepersonalfinance  8 місяців тому

      In your situation, you might be better off calling the IRS, validating your information, and changing your address over the phone. There's more detail on the IRS website: www.irs.gov/taxtopics/tc157

  • @Buioan-ku8ro
    @Buioan-ku8ro 8 місяців тому

    Hi, I already submitted 8822-B to IRS on Nov,2023. However, I haven't got any information from IRS so far. Could you pls advise me how to do this case. Thank you so much !

  • @husnainshafique8394
    @husnainshafique8394 5 місяців тому +1

    I just send them letter I want to know how do I know they changed adress or not? Or how can I get EIN IRS Document with New adress Thank you for helpfull video Please reply Will be your subscriber 😂❤

    • @teachmepersonalfinance
      @teachmepersonalfinance  5 місяців тому +1

      You can check your tax transcript on the IRS website, if you've set up an account, which would be tied to your EIN: www.irs.gov/individuals/get-transcript
      If you don't want an account, you can request a copy of your tax transcript by filing IRS Form 4506-T (see links below on the form and how to complete it).
      IRS Form 4506-T, Request for Transcript of Tax Return
      Article: www.teachmepersonalfinance.com/irs-form-4506-t-instructions/
      Video: ua-cam.com/video/szu6_cH5QpY/v-deo.html

    • @husnainshafique8394
      @husnainshafique8394 4 місяці тому

      @@teachmepersonalfinance thank you for reply I will check Tonight ❤️👍

    • @husnainshafique8394
      @husnainshafique8394 4 місяці тому

      @@teachmepersonalfinance I checked I couldn't find there could you please Help me for finding please it's very important for me 🙏

    • @teachmepersonalfinance
      @teachmepersonalfinance  4 місяці тому

      @@husnainshafique8394 What is the question that you're asking about?