Page 8 THE VILLADOM TIMES II • September 14, 2011 Business The Internal Revenue Service advises the soon-to-be married and the just married to review their changing tax status. If you recently got married or are planning a wedding, the last thing on your mind is taxes. However, there are some important steps to take to avoid stress at tax time. Here are a few tips for newlyweds. Notify the Social Security Administration Report any name change to the Social Security Administration so your name and Social Security number will match when you file your next tax return. File a Form SS-5, Application for a Social Security Card, at your local SSA office. The form is available on SSA website at www.ssa.gov, by calling 800772-1213, or at local offices. Notify the IRS if you move. If you have a new address, you should notify the IRS by sending Form 8822, Change of Address. You may download Form 8822 from www. IRS.gov or order it by calling 800-TAX-FORM (800-8293676). Notify the U.S. Postal Service You should also notify the U.S. Postal Service when you move so it can forward any IRS correspondence or refunds. Notify your employer. Report any name and address changes to your employer to make sure you receive your Form W-2, Wage and Tax Statement, after the end of the year. Check your withholding. If both you and your spouse work, your combined income may place you in a higher tax bracket. You can use the IRS Withholding Calculator available on www.irs.gov to assist you in determining the correct amount of withholding needed for your new filing status. IRS offers tips for recently married taxpayers The IRS Withholding Calculator will give you the information you need to complete a new Form W-4, Employee’s Withholding Allowance Certificate. You can fill it out and print it online and then give the form to your employer so the correct amount will be withheld from your pay. Select the right tax form. Choosing the right individual income tax form can help save money. Newly married taxpayers may find that they now have enough deductions to itemize on their tax returns. Itemized deductions must be claimed on a Form 1040, not a 1040A or 1040EZ. Choose the best filing status. A person’s marital status on Dec. 31 determines whether the person is considered married for that year. Generally, the tax law allows married couples to choose to file their federal income tax return either jointly or separately in any given year. Figuring the tax both ways can determine which filing status will result in the lowest tax, but usually filing jointly is more beneficial. For more information about changing your name, address and income tax withholding visit www.irs.gov. IRS forms and publications can be obtained from www.irs. gov or by calling 800-TAX-FORM (800-829-3676). Annie Hung-Scanga, CPA is pleased to announce that James F. Elwood, CPA will be assisting her firm, Hung & Scanga LLC, on a consulting basis. Elwood recently retired from Deloitte & Touche after 42 years of service with that firm, serving in both internal management and client service areas. Hung & Scanga LLC welcomes consultant Hung & Scanga LLC is a boutique size accounting firm focusing on tax return preparation and tax savings strategies for small businesses and families. Scanga and Elwood may be contacted at 589 Franklin Turnpike Ridgewood; phone (201) 694-6251 or e-mail info@hungscanga.com. Borough artist (continued from page 5) paintings act as vehicles to express his love of nature through color and movement. His work has been influenced by Emile Gruppe and other artists of the Cape Ann and Bucks County area.He continues to work with local organizations to further the arts in the Bergen County area. He has recently hosted a plein air landscape, music, and arts festival in conjunction with the Jacobsen Landscape Design and Construction Company and together they are presently offering art classes in their Midland Park Showroom. He also offers private drawing and painting classes in his studio. Terrone is the father of three children and husband to early childhood teacher DiAnn Terrone. ‘Diamond Brook’ by Joe Terrrone.