The Importance of Keeping Your Change of Address Up to Date with the IRS
Moving to a new home can be an exciting and nerve-wracking experience. There are so many things to think about – packing, hiring movers, changing your utilities, and updating your address with the post office. But have you considered updating your address with the Internal Revenue Service (IRS)? It’s a crucial step that you shouldn’t overlook, and here’s why.
What Happens If You Don’t Update Your Address
The IRS sends important correspondences, such as tax refunds, stimulus payments, and important notices, to the address it has on file. If you don’t update your address with the IRS after you move, you may miss out on these important communications. This can cause a delay in receiving your tax refund or stimulus payment, or even worse, you may miss a notice that requires your immediate attention, such as an audit notice.
How to Update Your Address with the IRS
Updating your address with the IRS is easy and can be done in several ways. You can do it online by filing Form 8822 through the IRS website or by mail by sending a completed Form 8822 to the address provided on the form. If you are expecting a refund or payment, you can also update your address by calling the IRS toll-free number at 1-800-829-1040.
When Should You Update Your Address
It’s recommended that you update your address with the IRS as soon as possible after you move. This will ensure that you receive all important correspondences in a timely manner. In addition, if you are expecting a refund or payment, updating your address early can prevent delays in receiving your money.
Conclusion
Updating your address with the IRS after you move may seem like a small task, but it’s an essential one that can prevent delays and headaches down the road. Make sure to update your address online, by mail, or by calling the IRS toll-free number as soon as possible after you move. By doing so, you’ll ensure that you receive all important correspondences in a timely manner and avoid missing out on any tax refunds or stimulus payments.
