For about 30 years I have done business as a sole proprietorship with
an EIN. Every year clients send me 1099s and I report the income on
Schedule C.
About 20 years ago I changed the business' name. (The old name was
four unpronouncable initials, the new name is the slightly more
pronouncable name of a nearby waterfall.) I filed the required DBA
with the county and use the new name. The Sched C says "old name/new name"
and the IRS has always accepted that.
Now clients are telling me that my new business name fails the IRS'
TIN match, presumably because 30 years ago I got the EIN with the old
name. I cannot get a new EIN, only one per person allowed no mater how
many sole proprietorship businesses you have. So how do I tell the IRS
that the business with the EIN now has a different name?
- posted 1 week ago