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  • How do I notify the IRS my address changed?

    How do I notify the IRS my address changed?

    Answer:

    There are several ways to tell us your address has changed:
    Methods to Change Your Address
    Method Action
    IRS form Use Form 8822, Change of Address or Form 8822-B, Change of Address or Responsible Party – Business
    Tax return Use your new address when you file
    Written statement Send us a signed written statement with your:
    • full name
    • old address
    • new address
    • social security number, ITIN, or EIN
    Mail your signed statement to the address where you filed your last return.
    Oral notification Tell us in person or by telephone. We’ll need you to verify your identity and the address we have on file for you. Please have ready:
    • your full name
    • your address
    • your date of birth
    • your social security number, ITIN or EIN
            If you filed a joint return, and are still residing with your spouse, both you and your spouse should sign the form or statement. If you filed a joint return and you now have separate addresses, each of you should notify us of your new, separate address. Authorized representatives filing a form or written statement to change an address for a taxpayer must attach a copy of their power of attorney or Form 2848, Power of Attorney and Declaration of Representative. Unauthorized third parties can’t change a taxpayer’s address. Changes of address through the U.S. Postal Service (USPS) may update your address of record on file with us based on what they retain in their National Change of Address (NCOA) database. However, even when you notify the USPS, not all post offices forward government checks, so you should still notify us. For changes of address relating to an employment tax return, we issue confirmation notices (Notices 148A and 148B) for the change to both the new and former address. It can take four to six weeks for a change of address request to fully process.
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  • Checklist for Starting a Business & Operating a Business

    Checklist for Starting a Business & Operating a Business

    Who is the ideal Entrepreneur?

    There are no limits on who can become a great entrepreneur. You don’t necessarily need a college degree, a bunch of money in the bank or even business experience to start something that could become the next major success. However, you do need a strong plan and the drive to see it through.

    What type of business should you Start?

    First order of business is to understand why you want to start a business.  Once you have a reason then it will lead you on the path of self discovery and self fulfillment. If its more personal time, then use that as a guide to help you decide what type of business you should start. 

    In determining what type of business you should start you should make sure that you have what it will take to succeed.

    • What is your long lost passion?
    • What skills to you have?
    • What are you know to be a expert in?
    • How much investment capital is needed?
    • What lifestyle do you desire?
    • Finally, are you seriously ready to be an entrepreneur?

    Be honest with yourself and it will create a path for the life you desire to live going forward.

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    The checklist below provides the basic steps you should follow to start a business.

    This list should not be construed as all-inclusive. Other steps may be appropriate for your specific type of business.

    Information about specific industries can be found at the Industries/Professions Web page.

    Each state has additional requirements for starting and operating a business. For information regarding state-level requirements for starting a business, please refer to your state’s website.

    Refer also to the Small Business Administration’s 10 Steps to start your business.

    https://www.irs.gov/businesses/small-businesses-self-employed

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  • When to File

    When to File

    Calendar Year Filers (Most Common)

    File on: April 15th*

    Fiscal Year Filers

    File on: The 4th month after your fiscal year ends, day 15.*

    *If your due date falls on a Saturday, Sunday, or legal holiday, the due date is delayed until the next business day. Your return is considered filed on time if the envelope is properly addressed, postmarked, and deposited in the mail by the due date.

    Need More Time?


    If you can’t file by the due date of your return, you should request an extension of time to file. To receive an automatic 6-month extension of time to file your return, you must file Form 4868, Application for Automatic Extension of Time To File U.S. Individual Income Tax Return (PDF) by the due date of your return. An extension of time to file is not an extension of time to pay. You may be subject to a late payment penalty on any tax not paid by the original due date of your return.

     

    Business and Corporations

    Form 7004, Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns

    Form 1138, Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback