You’ve moved and are surrounded by boxes. It’s a moment of
glory hampered by the extensive list of utilities to transfer, boxes to unpack
and other lifestyle changes to make before you can truly relax and enjoy your
new home. The Equifax Finance Blog reminds about some particular transfers to
make sure are on that list in the new article, “Tell the IRS and Your State When You Move.”
It’s important to let the IRS, state tax agencies and other
financial groups you work with are aware of where you are. While this adds
another item to your list of moving chores, it can save you a lot of trouble in
the long run. This is because when you don’t receive notices from financial
groups, time doesn’t stop. With taxes,
proposed assessment values for taxes will turn into assessed values. If you
don’t get those messages, the cost of the assessments could grow with penalties
and interest. By the time the letters finally catch up to you, there may be a
big charge for not doing something as simple as notifying.
