Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, February 6, 2014

New IRS Rule for 2014


Effective January 1, the IRS requires those assigned an Employer Identification Number (EIN) to provide periodic updated information.

EINs are the equivalent of a Social Security number for taxpayers other than individuals, such as corporations, LLCs, trusts, and government agencies.  The new rule requires these entities to update information related to “responsible parties” and changes in business addresses.  If an entity has a change in the identity of its responsible party, the updated information must be filed with the IRS within 60 days using the Form 8822-B.  Changes before January 1 must be reported to the IRS no later than March 1. 

See Stephen Sherman, What You Should Know About a New IRS Rule for 2014, Stoll Kennon Ogden LLP, Jan. 24, 2014.


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