5 Simple Steps on How to Change EIN Information for Your Business
As a business owner, it’s essential to keep your company’s information up to date to ensure timely correspondence with the Internal Revenue Service (IRS) and other government agencies. Your Employer Identification Number (EIN) is a crucial piece of information that identifies your business for tax and legal purposes. In this article, we’ll discuss the five simple steps on how to change EIN information for your business.
Step 1: Obtain Form SS-4
To update your EIN information, you’ll need to complete and submit the Application for Employer Identification Number (Form SS-4). You can obtain a copy of this form from the IRS website, and it’s available in various formats, including PDF and online fillable versions.
Step 2: Identify Changes to Your EIN Information
Before completing Form SS-4, you’ll need to identify the specific changes you need to make to your EIN information. This might include changes to your business name, mailing address, business location, or responsible party.
Step 3: Complete Form SS-4
Once you’ve identified the changes, you can complete Form SS-4. The form requires you to fill in your business information, including your current EIN, the changes you’re making, and the reason for the changes. The responsible party must also sign the form, certifying that the information provided is accurate.
Step 4: Submit Form SS-4
After completing Form SS-4, you can submit it to the IRS by mail or fax. Alternatively, you can also apply online using the IRS EIN Assistant. If you’re updating information for multiple entities, you’ll need to submit a separate form for each EIN.
Step 5: Wait for Confirmation
Once the IRS processes your Form SS-4, they’ll send a confirmation notice to the mailing address provided on the form. The confirmation notice will confirm the changes you made to your EIN information and is usually sent within four to six weeks of submitting the form.
In conclusion, updating your EIN information is a straightforward process that involves completing Form SS-4 and submitting it to the IRS. Keeping your EIN information up to date is crucial for compliance with tax and legal requirements and ensuring smooth communication with government agencies. By following the five simple steps outlined in this article, you can update your EIN information quickly and efficiently.
