EIN responsible party heads up

Forum|Forum|3 years ago
August 29, 2022
1 reply
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Working on a corporate tax return for a client that comes in once a year. Client just told me she received an IRS letter about the responsible party/ein. She's going to drop off the letter when she can. Her husband recently died . Looks like I'll have to fill out form to let the IRS know that the wife is the new responsible party. I believe someone else mentioned this on our Forum here before, maybe dascpa.

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Best answer by BobKamman

IRS regulations require EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B, Change of Address or Responsible Party - Business. It is critical that the IRS have accurate information in cases of identity theft or other fraud issues related to EINs or business accounts.

https://www.irs.gov/newsroom/irs-businesses-charities-others-with-employer-identification-numbers-must-update-responsible-party-information-within-60-days-of-any-change

BobKammanAnswer

Level 15

IRS regulations require EIN holders to update responsible party information within 60 days of any change by filing Form 8822-B, Change of Address or Responsible Party - Business. It is critical that the IRS have accurate information in cases of identity theft or other fraud issues related to EINs or business accounts.

https://www.irs.gov/newsroom/irs-businesses-charities-others-with-employer-identification-numbers-must-update-responsible-party-information-within-60-days-of-any-change