On Monday I wrote about a real scenario I have encountered, regarding adoption credit carryforwards. I asked three questions in that post and only answered two of them. The third question was: if Angie (the fictional character I used in my example) amends her 2012 return, would she have to file that amended return as […]
Scenario: Angie and Alice are in a same-sex marriage. In 2012, Alice went through the adoption process to become the parent of Angie’s child. Because of the Defense of Marriage Act, Alice properly filed her 2012 tax return as a single person … and claimed the adoption credit for adopting Angie’s child. Questions: After the […]
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 […]
When we talk about taxes in light of the U.S. Supreme Court striking down the Defense of Marriage Act, the conversation is always around income taxes, and sometimes FICA taxes. But there are two other types of taxes out there affected by the DOMA ruling: gift tax and estate tax. Gift Tax I find that […]
I took part in an interview yesterday with WHO-TV where one of my clients was also interviewed. My client is in a same-gender marriage, and the topic was how this is the first year same-gender couples can file federal taxes as married. Here’s a link to the WHO website where you can read their article […]
Because of the hodge-podge of state laws relating to same-sex marriage, it’s possible to be married to more than one person at the same time. How do taxes work in that situation?
Will same-sex married couples pay more more less in taxes now that DOMA is gone? The answer is “yes.”
How will couples in same-sex marriage handle prior-year differences in after-tax basis between federal and state taxes?
Something else that’s been playing on my mind about the DOMA ruling: since amending prior years (2010-2012) to file as married is optional for same-sex married couples, what happens if the couple has carryback or carryforwards that affect multiple years, but they don’t want to amend all affected years? For example, say it’s beneficial for […]
The governor of Missouri decrees that couples in same-sex marriages can file Missouri tax returns as married.