English http://youtu.be/G1pAihAyKuA Spanish http://youtu.be/YzkojkYAveg WASHINGTON — The Internal Revenue Service released a new YouTube video designed to provide useful tax tips to married same-sex couples. The video is the latest addition to an online library featuring short IRS instructional videos covering more than 100 topics ranging from tips for victims of identity theft to taking…
Last year was big for same-sex marriage. The Supreme Court ruled that the Defense of Marriage Act, or DOMA, was unconstitutional and Proposition 8 was overturned. As we all know, same-sex couples can now legally marry in California. What you may not know is how this impacts your taxes. The first difference for 2013 is…
From the U.S. Department of the Treasury: The Supreme Court’s decision in U.S. v. Windsor last June, invalidating a key provision of the Defense of Marriage Act, has given rise to crucial protections to same-sex married couples nationwide. In August, Treasury and IRS helped to clarify the federal tax implications of Windsor by determining that…
NEW YORK (CNNMoney) Married same-sex couples who paid extra tax because the federal government didn’t recognize their marriage are now eligible to get some of that money back. The Defense of Marriage Act, or DOMA, defined marriage as between a man and a woman, which meant married same-sex couples had to file their taxes individually. But…
NEW YORK CITY — Last Thursday’s court action halting the granting of marriage licenses to same-sex couples in Montgomery County, PA, underscores a complex and potentially expensive tax scenario for legally married same-sex couples in states where same-sex marriage is not recognized, according to David H. Glusman, CPA, partner-in-charge of the Philadelphia office of Marcum LLP and…
WASHINGTON – Today the U.S. Department of the Treasury and the Internal Revenue Service (IRS) announced a ruling that will ensure all legally-married same-sex couples, regardless of where they live, will be recognized for federal tax purposes. Recently the U.S. Supreme Court struck down a key provision of the Defense of Marriage Act (DOMA), which…
The Supreme Court struck down the portion of the Defense of Marriage Act (DOMA) that denied federal benefits to married same-sex couples. This has dramatically changed the emotional and financial lives of the thousands of gay and lesbian married couples around the country. Let’s go through just of few of changes, now that we live…
NEW YORK — Thomson Reuters has released an overview of the Supreme Court’s ruling that strikes down section three of the Defense of Marriage Act (DOMA) as unconstitutional. The report is designed to help tax advisers understand the far-reaching implications of the decision. DOMA had required same-sex spouses to be treated as unmarried for purposes…
SACRAMENTO — The Youth Equality Act (SB 323), designed to bring youth group tax exemptions in line with California’s existing non-discrimination laws, has passed the Senate with a vote of 27-9 making this the first LGBT rights bill to pass with a two-thirds majority in California history. The bill, authored by Sen. Ricardo Lara (D-Long…
(CNN) — Franklin Graham, one of the country’s most prominent evangelicals, says the targeting of conservative groups by the Internal Revenue Service included two of his ministries. “I am bringing this to your attention because I believe that someone in the administration was targeting and attempting to intimidate us,” Graham wrote in a letter Tuesday…
