EIN Responsible Party Change

Update Your EIN's Responsible Party with the IRS

When there is a change in the person who controls, manages, or directs your business entity, the IRS requires you to update the Responsible Party on your EIN record. This is done using IRS Form 8822-B, which must be filed within 60 days of the change.

USBase prepares and files Form 8822-B on your behalf, ensuring the update is made correctly and within the required timeframe.

When to Update the Responsible Party

• Change in company ownership (sale, transfer, new partner)
• Original EIN holder is leaving the company
• New Managing Member or CEO has taken control
• Reorganization or restructuring of the business
• Death or incapacitation of the previous responsible party

What the IRS Requires

• Completed Form 8822-B — Change of Address or Responsible Party
• New responsible party's name and Social Security Number or ITIN
• Filing within 60 days of the change (IRS requirement)
• Mail submission to the appropriate IRS processing center

Consequences of Not Updating

Failing to update the responsible party can create problems with future IRS correspondence, tax return matching, and EIN-related transactions. The IRS may send notices to the old responsible party, creating delays and potential tax compliance issues. USBase ensures the change is made properly and promptly.