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Posted

Final 5500 EZ form was filed some time ago.  I may be moving to a new place, which is different from the address used on the final 5500 EZ form submitted. Is it necessary to inform IRS of the address change?

Posted

Wouldn't you want to?  If you don't, you risk that an IRS notice sent to the old address burdens you.  Non-response to a notice might burden you with legal procedures and assumed facts that are disadvantageous.

Peter Gulia PC

Fiduciary Guidance Counsel

Philadelphia, Pennsylvania

215-732-1552

Peter@FiduciaryGuidanceCounsel.com

Posted

Thanks for your answer.  My thinking was that IRS should be able to match my name and  EIN number on the submitted final 5500 form to my Social Security number on the tax returns I will be filing after I move to a new place so that they can send any possible notices about the 5500 form to my new home address which will be on the future tax returns.

 

Am I wrong to think this way?  

Posted

Never once has the idea of filing a change of address for a terminated plan flitted through my mind.  

Gotta love Mike Preston's pithy one-word answers, and I agree 100% in this case that it would be wrong to think the IRS could track down a plan sponsor through a SSN.  But Mike, do you file a change of address after a final return (!)?

Ed Snyder

Posted
3 hours ago, Bird said:

Never once has the idea of filing a change of address for a terminated plan flitted through my mind.  

Gotta love Mike Preston's pithy one-word answers, and I agree 100% in this case that it would be wrong to think the IRS could track down a plan sponsor through a SSN.  But Mike, do you file a change of address after a final return (!)?

Of course not! But that wasn't the point I was addressing.

Posted

Somewhat confused.  If it is a good idea to inform the address change (which seems to be the suggestion), why haven't most of the commenters (who are experts) filed an address change after a final return (which seems to be the case from reading all comments)? 

Posted

Because former clients rarely tell us of an address change and the ones that do aren't generally expecting a bill for preparing additional IRS forms? If the client reports the move prior to the final form 5500,  then we'd use the new address on the final form. That doesn't seem to be what you're contemplating in this situation which is a move some time after the final return has been filed.

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