|Dr. Franklin is spot-on as always.|
In today's Taxing Times in the USA news, it came to my attention this morning that there are rules regarding name changes -and what that means for tax filing purposes.
As a newly-licensed and ordained wedding performer and officiant in the State of Hawaii -as of this past Thursday- newly married couples may go through the motions of changing their names. If you are one of them this will certainly get your attention.
"All the names on your tax return," says the Internal Revenue Service (IRS), "must match Social Security Administration records. A name mismatch can delay your refund." Yikes!
Then there is this: "Did you get married and are now using your new spouse’s last name or hyphenated your last name? Did you divorce and go back to using your former last name? In either case, you should notify the Social Security Administration (SSA) of your name change. That way, your new name on your IRS records will match up with your SSA record."
Then there is the topic of dependent children. Yes, the IRS has stipulations for them, too. For example, "Notify the SSA if your dependent had a name change. For example, this could apply if you adopted a child and the child’s last name changed."
For more information go to this link to the Internal Revenue Service in the USA.
Jeffrey Bingham Mead
The Pacific Learning Consortium, Inc.