Tax Blog Reveals Advice for Those Following a Name Change


Posted September 7, 2016 by williamnassery

A premier tax advisor has published insights into how to manage taxes following a name change, and how to address the matter on tax returns.

 
FOR IMMEDIATE RELEASERecently published insights explain how taxes can be affected if one decides to change their name during the previous year. The author first notes that the name must match between the Social Security Administration’s (SSA) records and the tax return. A mismatch would delay a tax refund date, the author says. A number of other tips and insights are provided as well.In regards to reporting a name change, a few questions are provided for the reader to consider. Marriage, whether or not using a spouse’s last name or hyphenating it, or getting divorced and using a previous name have tax repercussions. The SSA must be notified no matter how or why there was a name change, the article states.Even if a dependent has changed their name, this must be reported. Adoption is one example provided, and an Adoption Taxpayer Identification Number must be included if the child does not have a SSN. The author reveals the forms for apply for such a number, and which can be downloaded, printed, or ordered from the IRS.A name change also requires one to receive a new Social Security Card. The article points out where to download the applicable form, or where to call to have one sent. It’s also revealed how other changes can be reported, such as buying coverage from the Health Insurance Marketplace. Changes in address, income, and family size must be reported as well, and can help get financial assistance for health coverage.The article ends by revealing the benefits of TurboTax and an online tax refund calculator. To learn more, go to https://adapt.nd.edu/blog/2016/08/heres-what-you-need-to-know-if-you-changed-your-name. About Frank EllisFrank Ellis is a Traverse City Tax Preparation Planner and published author. He has written tax and finance related articles for eight years and has published over 900 articles on leading financial websites.Contact: Frank EllisAdapt BlogWebsite: https://adapt.nd.edu/ ###
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Issued By adapt
Website Tax Blog Reveals Advice for Those Following a Name Change
Country United States
Categories Business
Tags tax refund date
Last Updated September 7, 2016