IRS is a US government body which takes the responsibility of collecting revenues and taxes. For example, income tax, corporate, estate, excise and various other types of taxes.
Form 8822 is used to notify the IRS, Internal Revenue Service, when you have changed your address. All the important details and information is sent by the IRS to your mailing address. Hence, if you have changed your current address, then it is advisable that you inform the IRS; and you can do this through the filled up form sent directly to the IRS office. Otherwise, document, information and notices will not reach you.
How to update your address using Form 8822
Using the 8822 form, you can update IRA about the change of your mailing address. It is an important step because all the details, information and notices relating to your taxes is only sent to your mailing address provided during the set up of your first account.
How to fill the form?
Form 8822 requires you to fill out only a few basic details, including the old as well as the new address, type of tax return you are applying for, etc. If you share the returns, that is, have joint returns, then you may simply fill all the details in one form.
Alternatives to Form 8822
Form 8822 is mandatory to be filled by only those who file for tax returns. If you don’t, then there is no requirement as such. If you plan to file a tax return and planning to change your address in the near future, you can fill in your new address directly on the form instead of using an additional one, the 8822 form. The other details can be sent via a written letter to the IRS stating the rest of the information.
If matters like paying tax within a time-limit, are sent to the wrong address you will not receive extra time to pay your taxes because the government does not acknowledge or take responsibility for not informing them of your new address.
Failing to update your mailing address on time will have other consequences as well. That is why it is so important to remember and make a note of it to inform the IRS about your new address.
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