For many, summer is a time for relaxation, fun, and adventure. But did you know that certain summertime activities might affect your taxes?
Here are five summertime activities (courtesy of a recent reminder from the IRS) and some tips on managing potential tax issues when it’s time to file your next tax return.
1. Summer wedding: Getting married
(Image credit: Getty Images)
Summer is a popular season for weddings, and the IRS reminds newlyweds to take steps to make future tax filings a bit easier.
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First, if there has been a name change, you must report it to the U.S. Social Security Administration to ensure that the name on your tax return matches your Social Security records.
Second, if you have moved, you should notify the United States Postal Service, your employers, and the IRS.
Note: Just so you know, you must complete and submit Form 8822 to officially change your mailing address with the IRS.
