As a sole proprietor, it is important to keep your business information up to date with the IRS. This includes updating the address associated with your sole proprietorship. Whether you need to change the address linked to your Social Security Number or your Employer Identification Number (EIN), the process can be easily completed by following the steps outlined below.
Changing Your Home Address
If you need to update the address associated with your Social Security Number, you will need to complete IRS Form 8822. Start by filling out Part 1 of the form, where you will indicate that you want to change the address for your individual 1040 account. Provide your name and Social Security Number in boxes 3a and 3b, respectively. On line 6a, enter your old address, and on line 7, enter your new address. Finally, sign and date the form. To submit the form, refer to the mailing addresses provided in the instructions attached to Form 8822. Choose the address that corresponds to the state of your old address and send the form accordingly.
Updating Your EIN Address
If you have an Employer Identification Number (EIN) for your sole proprietorship, you can request a change in your business location address by completing Part 2 of IRS Form 8822. Skip Part 1 and proceed to Part 2. On line 10, check the box indicating that you want to change your business location address. In box 11a, enter the name of your sole proprietorship, and in box 11b, provide your EIN. On box 12, enter your old address, and on box 14, enter your new address. Don’t forget to sign and date the form. To find the appropriate mailing address for your form, refer to the instructions provided with Form 8822. Choose the address that corresponds to your old address and send the form accordingly.
Final Thoughts
Keeping your business information up to date with the IRS is crucial for the smooth operation of your sole proprietorship. By updating your address promptly, you ensure that any important correspondence from the IRS reaches you in a timely manner. Remember to use IRS Form 8822 to request a change in address, whether it is for your Social Security Number or your EIN. Follow the instructions provided on the form and choose the correct mailing address based on your old address. By completing these simple steps, you can easily update the address of your sole proprietorship for the IRS.
