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the IRS is not watching you on a daily basis. If you moved, they probably don’t know about it. As we approach the tax filing dates this year, what do you need to do to get the problem worked out? The answer is pretty simple.
Your first option is to actually go ahead and notify the IRS of your move like a responsible adult. Since we are talking about the IRS, you know what is coming next. Yep, another form. In this case, you want to get a copy of form 8822, fill it out and send it in. You should be able to download it off the IRS website.
Your second option is what I like to call the lazy adult option. That would be me. When you file your taxes this year, simply write in your new address. The IRS will automatically update it. Make sure you print it and do so clearly. Otherwise, some little grandma in Illinois may get audited!
As you can see, the change of address process is pretty simple. There is one other thing you should keep in mind. If you had a tax refund due last year, did you receive it? If not, it may be because you moved and the IRS can’t find you. Think it doesn’t happen? The IRS often ends up with millions upon millions of dollars in refund checks it can’t deliver. Tax refund checks are not forwarded by the post office, so you might go check to make sure you received your refund. If not, contact the IRS and let them know. They will hold the refunds for three years. After that, you forfeit the right to receive them.
Article Source: http://www.Article-Warehouse.com
Richard A. Chapo is with BusinessTaxRecovery.com - providing daily tax tips.
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