Dinesen Tax Greatest Hits — How to Claim Someone as a Medical Dependent
Being able to claim someone as a medical dependent is different from claiming someone as a tax dependent. Important for same-sex married couples.
Ask Jason 2/24/12
All of these are actual questions from visitors to this website over the last few weeks: Q: Can a self-employed person deduct health insurance for same-sex spouse? A: Yes, if the spouse is your dependent. Otherwise, the answer is no. That’s on the federal return. But also consider the implications on the state tax return. […]
Ask Jason 2/3/12
DISCLAIMER: The answers to questions in this segment are intended to be general in nature and do NOT constitute tax advice. Please contact a tax advisor to discuss your unique situation. Q: I have a business account with an associated merchants card account. In the past I have done business with entities that only […]
IRS Stepping Up Gift Tax Enforcement
According to Forbes.com, the IRS is continuing to search for people who have not filed gift tax returns on property transfers. From the Forbes article: Although gift tax audits are historically rare, the IRS has examined hundreds of taxpayers in the last two years whom the IRS suspects made large gifts, yet failed to file […]
Wall Street Journal: Tax Headaches for Same-Sex Couples
The tax headaches faced by same-sex married couples got some more coverage over the weekend from the Wall Street Journal: http://online.wsj.com/article/SB10001424052702303982504576428341158786506.html
New York Tax Pro Urges IRS to Clarify Tax Treatment of Same-Sex Marriage
A tax professional in New York is drafting a letter to the IRS an open letter to Congress and the IRS, telling the IRS them to clarify the federal tax treatment of same-sex married couples. You can read more at Forbes.com. As my own commentary: I’m not sure how successful this letter or other efforts to […]
Tax Implications of Same-Sex Marriage in New York
With last week’s vote by the New York legislature to allow same-sex marriages to be conducted in the state, the New York Department of Revenue says it is working on providing updated guidance to same-sex married couples that will allow those couples to file joint New York tax returns. Even though New York has recognized outside […]
Same-Sex Tax Issues in Illinois
Update: The Illinois Department of Revenue has changed its mind. Couples in same-sex civil unions can file joint Illinois tax returns. Click here for more information. Illinois now allows same-sex civil unions and recognizes same-sex marriages conducted outside the state — but it does not recognize those unions for tax purposes. The Illinois Department of Revenue […]
