Notify the IRS When You Move

Tax Act

Notify the IRS When You Move

If you move addresses during the year and especially during the tax season, make sure to notify the IRS of your new address. Form 8822 is the IRS form for changing your address on file with the taxing authority. Completing this form and send it to the IRS is important. Other options are also available.

When you file your tax return, you can change your mailing address on the mailing label that comes with your tax forms. This will notify the IRS of your new address quickly. You can also write your new … Read more at 2009 Taxes

Tax Act

Notify the IRS When You Move

If you move addresses during the year and especially during the tax season, make sure to notify the IRS of your new address. Form 8822 is the IRS form for changing your address on file with the taxing authority. Completing this form and send it to the IRS is important. Other options are also available.

When you file your tax return, you can change your mailing address on the mailing label that comes with your tax forms. This will notify the IRS of your new address quickly. You can also write your new address on the 1040 form in the address area of the form. Finally you can write your local IRS office and in written form, notify them of your address change.

Make sure to notify your employer and other companies supplying tax documents to you. You want to make sure all tax forms are delivered directly to your new address and do not get lost with the postal service or returned to the company. Forwarding your mail with the post office is also important. Make sure to complete an address change form with the USPS.

If you pay estimated payments utilizing a voucher provided by the IRS, continue to use the old vouchers until the IRS sends you new vouchers with your new address printed them on you. The IRS shares data with the USPS so your new address is shared with the IRS automatically when you tell the post office, but you should contact the IRS directly to ensure they have your correct address.

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2 Important Changes in the Tax Law this Tax Season

Tax Act

2 Important Changes in the Tax Law this Tax Season

The Standard Mileage Rates for travel in 2008 have improved to help compensate for higher gas prices experienced during the year. While the Kiddie Tax has been adjusted to include more children.

1. Standard Mileage Rates Change

The only standard mileage rate to not change is the mileage rate for volunteer travel. But all other forms including business and medical travel have increased. The mileage rate for business travel increases to 50.5 cents a mile for the first half of the year while the second half of the year gets … Read more at 2009 Taxes

Tax Act

2 Important Changes in the Tax Law this Tax Season

The Standard Mileage Rates for travel in 2008 have improved to help compensate for higher gas prices experienced during the year. While the Kiddie Tax has been adjusted to include more children.

1. Standard Mileage Rates Change

The only standard mileage rate to not change is the mileage rate for volunteer travel. But all other forms including business and medical travel have increased. The mileage rate for business travel increases to 50.5 cents a mile for the first half of the year while the second half of the year gets a very favorable 58.5 cents a mile. The medical travel rates have similar increases with the first half of the year being 19 cents a mile while the second half of 2008 increases to 27 cents a mile.

2. The Children Investment Tax Have Been Changed

The so called “Kiddie Tax” has expanded to include older children and not just children younger than 18 years old. If your child is 18 years old and did not provide for at least 50% of their support during the year they will now have to have their investment income taxed at the parents tax rate. Or if you child is 18 to 24, a student, and did not support themselves above 50% of needed funds they will also have investment earnings taxed at the higher parental rate.