/Tag: same-sex marriage

3 Major Tax Implications of the Same Sex Marriage Ruling

By |2017-05-24T13:42:16+00:00July 13th, 2015|Categories: Tax Planning|Tags: , , |

The U.S. Supreme Court’s decision in Obergefell v. Hodges ruled that same-sex couples have a constitutional right to marry, effectively making same-sex marriage legal in all 50 states. The decision has numerous implications for the tax, estate and retirement planning of same-sex couples and will also affect some employers in states that had not previously recognized same-sex marriage. This article provides a brief overview of the decision and an introduction to the various tax implications.

GS Tax Alert: Tax Implications for Same-sex Married Couples from U.S. Supreme Court Decision

By |2017-05-24T13:42:16+00:00June 29th, 2015|Categories: News, Tax Planning|Tags: , , , , |

On June 26, the U.S. Supreme Court issued another landmark decision on same-sex marriage. In Obergefell v. Hodges, the Court ruled that same-sex couples have a constitutional right to marry, making same-sex marriage legal in all 50 states. This 5-4 decision will affect tax and estate planning for many same-sex married couples and also impact their employers.

Tax and Estate Planning Implications from Same-sex Married Ruling by IRS

By |2017-05-24T13:42:32+00:00September 9th, 2013|Categories: Articles, News, Tax Planning|Tags: , , , , , |

In Revenue Ruling 2013-17, the IRS clarified that a same-sex couple’s marital status for federal tax purposes is determined by the laws of the state where they got married — not the state where they reside. The ruling, which takes effect September 16, 2013, will have a significant tax and estate planning impact on same-sex [...]

What the Defeat of DOMA Means

By |2017-05-24T13:42:33+00:00June 26th, 2013|Categories: Articles, News, Tax Planning|Tags: , , , , , , , |

The Supreme Court has now ruled that the Defense of Marriage Act (DOMA) is unconstitutional.  What does this ruling really mean for same-sex couples?   DOMA is the federal law that defined marriage as the legal union of one man and one woman. This meant that same-sex marriages were not recognized for federal purposes, including insurance benefits [...]

Same-Sex Couples Should File Protective Refund Claims

By |2017-05-24T13:42:40+00:00November 29th, 2012|Categories: Articles, News, Tax Planning|Tags: , , , , |

Our very own Lori Shrout had the following article appear in Accounting Today  recently. This article is a follow-up of Lori’s previous article titled, "Same Sex Marriage in California”. A recent federal appeals court decision has same-sex couples taking note. In Windsor v United States, the court allowed an estate tax marital deduction to the [...]

Same-Sex Marriage in California

By |2017-05-24T13:42:42+00:00June 20th, 2012|Categories: Articles, Estate & Trusts|Tags: , , , , , , , |

Same-sex couples are cheering President Obama’s statement that he supports same-sex marriage. In an interview with Martin Bashir on MSNBC, Chris Matthews called the announcement “earth shaking”.  It was certainly bold, especially considering the announcement came very soon after North Carolina passed a constitutional amendment banning gay marriage and civil unions. Even in California, we [...]

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