Did You Get Married in 2013?

Article Highlights: 

• E-filing is not possible if married name does not match Social Security Administration (SSA) records.
• Use SSA Form SS-5 to update SSA records.
• A married status may produce unexpected tax results.

If you got married during 2013, don’t forget to notify the Social Security Administration (SSA), IRS, and Postal Service of your address and/or name change. If the SSA does not have the same name as used on your tax return, you may not be able to e-file your returns and your refund could be delayed. 

Here are some actions that you should take as soon as possible: 

1. Notify the Social Security Administration − Report any name change to the Social Security Administration so that your name and SSN will match when filing your next tax return. Informing the SSA of a name change is quite simple. File a Form SS-5, Application for a Social Security Card at your local SSA office. You can access the form on SSA’s Web site, by calling 800-772-1213, or at local offices. Your income tax refund may be delayed if it is discovered that your name and SSN don’t match at the time your return is filed.
   
2. Notify the IRS -  If you have a new address, you should notify the IRS by sending Form 8822, Change of Address. 

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Tax Pro Plus isn't just another tax preparation firm. We are proud to be Enrolled Agents (EAs), a prestigious designation from the Internal Revenue Service. An Enrolled Agent (EA) is a federally-authorized tax practitioner who has technical expertise in the field of taxation. We know taxation and are experts in all areas, including corporate, estate, individual, partnership and federal, local and state taxes. You can count on us for professional, timely and reliable services.

Did You Collect the Needed W-9s?

Article Highlights:

• The IRS Form W-9 is used to obtain independent contractors’ tax ID numbers.
  
• Tax ID numbers are required when filing 1099s.
  
• 1099-MISCs must be issued to independent contractors that are paid $600 or more during the year for performing services for a trade or business.

If you used independent contractors to perform services for your business or trade, and you paid them $600 or more for the year, you must issue them a Form 1099-MISC to get the deduction for their labor and expenses and avoid potential penalties. (This requirement generally does not apply to payments made to a corporation. However, the corporation exception does not apply to payments made for attorney fees and for certain payments for medical or health care services.)

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Meet Kathy at Tax Pro Plus in Los Angeles

Kathy is the Senior Assistant in the office and is CTEC Registered with the California Tax Education Council. She has worked with Vicki and George for a number of years now and is happy to assist you with your tax questions and scheduling needs. If you would like to contact Kathy directly, you can e-mail her at Kathy@TaxProPlus-LA.com or call 310-827-4829.

Meet George at Tax Pro Plus in Los Angeles

George has been preparing taxes for over 20 years. He is an Enrolled Agent and a member of the National Association of Enrolled Agents and the California Society of Enrolled Agents.

In his 20 years of preparing taxes, he has represented taxpayers in audits, taught classes and explained taxes to hundreds of clients. George prepares taxes for individuals, small businesses and registered domestic partners.

If you are in need of tax services or just have questions, please e-mail George at George@TaxProPlus-LA.com or call 310-827-4829.  

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President’s Proposed Tax Changes for 2014

The budget proposal released by President Obama on April 10 includes a substantial number of proposed tax changes impacting individuals, businesses, estate taxation, energy incentives, and international issues. Although these are only proposals, they provide an insight into the administration’s thinking on tax reform. An overview of the most prominent issues related to individuals and small business is provided below. 

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