I talk a lot on this blog about the income tax implications to same-sex married couples of the Defense of Marriage Act being struck down. But like a lot of folks, I tend to gloss over the estate tax implications because estate tax seems to affect so few people. Still, it’s important to reflect on […]
The slow but steady death march of the Defense of Marriage Act continued Wednesday, as another federal court ruled DOMA unconstitutional. This latest case involved the estate tax. Edie Windsor’s same-sex spouse, Thea Spyer, died in 2009 and left a large estate to Windsor. Because of DOMA, the unlimited spousal exclusion available under estate-tax law […]
The IRS has pushed back the filing deadlines for estates that need to file Forms 8939 or 706. Form 8939 is now due January 17, 2012, and Form 706 is now due March 19, 2012. Here’s more from the IRS notice (click here for more from the IRS website): The IRS is providing the following relief: […]
(UPDATE 9/13/11: Form 8939 still has not been released, but the IRS has pushed back the filing deadline to January 17, 2012. Click here for more info.) The IRS still hasn’t released the new Form 8939 for estates created in 2010. The form will be used to elect out of the estate tax for 2010 and to […]
This is a tag-along article to this Dinesen Tax Times story about New York issuing guidance to same-sex married couples in that state. A website visitor asks how New York’s guidance compares to Iowa. The tax situation of same-sex married couples in New York will be similar to that of Iowans. They’ll have two filing […]
The story is a few weeks old now but I just came across it and thought it was interesting: Iowa has made another “bad” list relating to taxes — this time a list of “Where Not to Die in 2011” from Forbes.com. There is one update to the list of states shown in the Forbes […]
Two lawsuits have been filed this week which challenge the Federal Defense of Marriage Act of 1996 (DOMA). DOMA defines marriage, for federal government purposes, as being ONLY between a man and a woman. As we have blogged about before at the Dinesen Tax Times, this creates unique headaches for same-sex couples who are legally married under […]
