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"NEWS NOTES"

From the office of Angle, Zaebst & Associates

Did your marital status change recently? Good News! Bad News? Did your child get married?  Good News! Bad News? 
 
Source:  Internal Revenue Service (IRS.gov) Number: IRS TAX TIP 2010-02, January 5, 2010

If your marital status changed recently, you will want to make sure the name on your tax return matches the name registered with the Social Security Administration.

 
Here are four facts from the IRS for recently married or divorced taxpayers. Following these steps will help avoid problems when you file your tax return.
  1. If you took your spouse's last name or if both spouses hyphenate their last names, you may run into complications if you don't notify the SSA. When newlyweds file a tax return using their new last names, IRS computers can't match the new name with their Social Security Number.
  2. If you were recently divorced and changed back to your previous last name, you'll also need to notify the SSA of this name change.
  3. Informing the SSA of a name change is a snap; you'll just need to file a Form SS-5, Application for a Social Security Card at your local SSA office.
  4. Form SS-5 is available on SSA's Web site at www.socialsecurity.gov, by calling 800-772-1213 or at local offices. It usually takes about two weeks to have the change verified.

Angle, Zaebst & Associates
330-425-4422 fax 330-425-8422
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Each entity or person's situation is unique and should be analyzed based upon all of the laws and regulations that exist at the time of a decision. Although we try to send current and accurate information, laws change and can be complex. The information presented in this e-mail should not be construed as legal, tax or accounting advice. You should consult with Angle, Zaebst, & Associates CPA's or other professionals familiar with your particular factual situation for advice concerning specific tax or other matters before making any decision.