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This video discusses the change of address forms with the IRS, specifically the 8822 for individuals and the 8822b for businesses. It is important to update your address with the IRS to ensure that you receive important documents at your current address. The forms are straightforward, requiring you to enter your old and new address for the IRS to update in their system. This is crucial for receiving mail from the IRS at the correct address, avoiding any issues with missing important communication.