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We have a business account and need to replace the president.
How is this done? Do you have to cancel the old account and start a new one?
Look at your account details. Is there a SS# associated with the account? If so the ower of the account must have the SS#. You cannot change the SS# of an account.
Unless this is a business account where the business is a corporation, LLC, or partnership where the reference ID is NOT a SS#, then you might be able to change.
How are taxes reported for the current account? You can't change the way IRS reporting is done.
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