3 minutes read
Whether you’ve just married or are discussing financial arrangements, the question of how to file as a married couple is important for both you and your partner’s finances. Depending on your circumstances, it may be better to file a joint tax return.
9 minutes read
In a recent landmark ruling by the Obama Administration, the federal government will recognize same-sex married couples. That means for one, married same-sex couples will no longer have to file two separate single tax returns for the IRS (however, if they currently reside in a state that does not recognize same-sex marriages, they may still have to file two separate state returns). But the IRS has not released any guidance about how employee...
3 minutes read
In a landmark ruling announced by the Obama administration, married same-sex couples shall be treated as any other legally married couple–at least in the eyes the Internal Revenue Service for tax purposes. This announcement follows and is consistent with the recent Supreme Court ruling which struck down the constitutionality of The Defense of Marriage Act (DOMA) which only recognized “marriage” between that of a man and a woman.
2 minutes read
When NY State adopted same-sex marriage in 2011, the estate tax was also removed for legally wed couples. But now, The NY State Supreme court has gone one step further and ruled to refund estate taxes collected from any gay couple going as far back as tax year 2008: