Fall wedding?  Don't forget taxes

September 2005

 

Fall is often wedding time. If you or someone in your family got married this fall (or is planning a wedding soon), remember to take care of a few taxing details.

* If your address changes, send a change of address to the IRS, your bank and broker, and any current- year employers. Then your W-2s, year-end tax information, and IRS correspondence will get to you.

* Check your withholding for 2005 to see whether marriage makes changes necessary. The marriage penalty has not been completely eliminated, and you might find yourself facing a big tax bill and penalties if you don't take care of this matter.

* If your name changes, notify the Social Security Administration.

* Update your will and other estate planning documents, and review beneficiary designations on IRAs, 401(k)s, and life insurance policies.

Many of these details need to be taken care of following other events too, such as divorce or a new baby. For more information or assistance with any tax concern, give us a call.

Maniar, Miller & Wechsler, LLC

2855 N. University Drive, Suite 600
Coral Springs, FL 33065
Phone: 954-75 CPA-MM (752-7266)

Fax: 954-345-0115
info@cpa-mm.com