The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
  • Books
  • Categories
  • Coaching
  • Book Lynnette
  • Money Coach University™
No Result
View All Result
The Money Coach
  • About
    • Meet Lynnette
    • Media Kit
  • Contact
  • Subscribe
  • Submit an Article
No Result
View All Result
The Money Coach
No Result
View All Result

Recently Married or Divorced? Know these 5 IRS Tax Tips

Lynnette Khalfani-Cox, The Money Coach by Lynnette Khalfani-Cox, The Money Coach
in Taxes
Reading Time: 2 mins read
tax tips
15
SHARES
250
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Getting married or undergoing a divorce will involve not only an emotional upheaval, but also a lot of paperwork on the financial end.

The Internal Revenue Service (IRS) will need accurate information about your new filing status as soon as possible so that they can match the name on your return to your Social Security Administration records.

If you fail to make the necessary name changes after getting married or going through the divorce process, your tax refund might be delayed or your entire return might be processed incorrectly and may need to be modified.

According to the IRS, here are five things to be aware of when you have changed your name after getting married or going through a divorce:

Problems with hyphenated last names or changed last names

If you hyphenated your last names, you might run into some problems with the Social Security Administration (SSA).

If you took your spouse’s name (or vice versa), the IRS might not be able to match your name to your Social Security number. Make sure both the SSA and IRS are notified about these name changes as soon as possible.

Recently divorced name changes

When you revert back to your maiden name after divorce, you’ll need to contact your Social Security Administration office right away.

Filing Form SS-5 

Form SS-5, Application for a Social Security Card, is a fairly easy form to fill out. This form will inform the Social Security Administration that you are authorizing a name change.

Just mail it to your SSA office and show proof of a legal name change with a recently issued document listing your current name so they can process your request.

Downloading Form SS-5

You can download Form SS-5 here or call 1-800-772-1213 to request a form to be mailed to you. You can also contact your local SSA office to request a form.

When you receive your new card, you’ll find that the numbers are the same but you have a new name.

Updating names for adopted children

If you adopted your spouse’s children after getting married, you’ll need to inform the Social Security Administration. Adopted children without SSNs need to have their parents apply for an Adoption Taxpayer Identification Number (ATIN).

This number is a temporary number used instead of an SSN for tax purposes. You will need to download Form W-7A through the IRS website here or call 1-800-TAX-FORM to request one by mail.

Previous Post

How to Get Your Student Loan Out of Default

Next Post

Life Insurance Tips When Adult Children Live With You

Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach

Lynnette Khalfani-Cox, The Money Coach, is a renowned financial expert, author, speaker, and media personality, empowering people to achieve financial success.

Related Posts

Photo credit - Fauxels - Pexels

How to Save Money By Tracking Company Expenses

by AskTheMoneyCoach

In today's competitive business landscape, finding ways to cut costs and maximize savings is crucial. One highly effective strategy is diligently tracking company expenses. By closely monitoring and analyzing your business's spending habits, you can identify areas where you can save money and make well-informed decisions to improve your financial...

Close up of lower left corner of Internal Revenue Service form 1099-MISC

A Really Simple Explanation of The IRS 1099 Form 

by Lynnette Khalfani-Cox, The Money Coach

As tax season approaches, many individuals and businesses gather their tax documents to file their tax returns. One of the necessary forms that individuals who earn income from non-employment sources need to file is the 1099 form. The 1099 form reports the amount of money an individual or business received...

Elderly Black American Man, African Person Working From Home

Why Do I Owe Taxes? I Am On Social Security

by Lynnette Khalfani-Cox, The Money Coach

Dear Lynnette, I was very upset yesterday to learn that my husband and I owe taxes ($1,100) for 2022. I am on Social Security and my husband is a supervisor at a motel here in Wyoming. I work part time and claimed zero as did my husband. I had an...

Breaking Down the ‘Penalties’ of Single Tax Filings

by Lynnette Khalfani-Cox, The Money Coach

With the new tax filing deadline looming, I stopped into Black News Channel’s “BNC Live” to discuss the upsides of joint filings and the disadvantages of filing solo. To kick off the segment, I detailed the built-in “penalties” that single individuals face in many aspects of life, including higher taxes,...

tax refund

Making the Most of Your Tax Refund

by Lynnette Khalfani-Cox, The Money Coach

With tax season upon us, millions of Americans are expecting sizable refunds.  But there’s no consensus on the best ways to put that money to work.  I stopped into PIX 11 in New York City to share some tips and strategies for maximizing the extra cash. I kicked off the segment with...

Car tax break tips

Skip the Luxury Car and Other Vehicle Tax Break Tips

by Guest Blogger

When it comes to purchasing your next vehicle, you could be leaving money on the table. The truth is that savings on your next car are not only dependent on special deals offered by the dealership. There are also savings to be had in the form of a tax break. Around...

uber and lyft

Tax Pros and Cons for Uber and Lyft Drivers

by Guest Blogger

While being a driver for Uber or Lyft is a great way to earn extra income, it can also come with many tax benefits and disadvantages. Getting an understanding of what can help you at tax time is essential so that you do not owe Uncle Sam more than what...

Load More

Popular Posts

  • Car repair

    What to Do If You Can’t Afford a Car Repair Bill

    1534 shares
    Share 614 Tweet 384
  • What to Do if Your Spouse Stole Money From You

    1316 shares
    Share 526 Tweet 329
  • What to Do If You Can’t Afford to Leave Your Spouse

    1283 shares
    Share 513 Tweet 321
  • Here’s Why I Pay My Kids For Good Grades (And Maybe You Should Too)

    1134 shares
    Share 453 Tweet 283
  • What Do All Those Strange Codes In My Credit Report Mean?

    904 shares
    Share 362 Tweet 226
  • Which Credit Report is More Important: Equifax, Experian or TransUnion?

    876 shares
    Share 350 Tweet 219
  • Do This Now If Your Wages Were Not Reported

    857 shares
    Share 342 Tweet 214

Categories

  • Bankruptcy
  • Budgeting
  • Building Wealth
  • Careers
  • Couples and Money
  • Coupons and Deals
  • Covid-19
  • Covid-19 Video
  • Credit Cards
  • Credit Reports
  • Credit Scores
  • Crypto
  • Debt
  • Entrepreneurship
  • Family Finances
  • Featured
  • Identity Theft
  • Insurance
  • Investing
  • Loans
  • Paying for College
  • Personal Finance
  • Press Releases
  • Real Estate
  • Retirement
  • Saving Money
  • Scams
  • Student Loans
  • Taxes
  • Uncategorized

All information on this blog is for educational purposes only. Lynnette Khalfani-Cox, The Money Coach, is not a certified financial planner, registered investment adviser, or attorney. If you need specialty financial, investment or legal advice, please consult the appropriate professional. Advertising Disclosure: This site may accept advertising, affiliate payments or other forms of compensation from companies mentioned in articles. This compensation may impact how and where products and companies appear on this site. AskTheMoneyCoach™ and Lynnette Khalfani-Cox, The Money Coach® are trademarks of TheMoneyCoach.net, LLC.

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

RSS / Sitemap /Submit an Article / Privacy Policy / LynnetteKhalfaniCox.com

No Result
View All Result
  • Books
  • Categories
  • Contact Lynnette
  • Get Coaching
  • Book Lynnette
  • Money Coach University™
  • Home
  • Subscribe to Newsletter
  • Submit an Article

©2009-2023 TheMoneyCoach.net, LLC. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist