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Friday, August 12, 2011

IRS To Gay Newlyweds: Not So Fast

Federal tax benefits of marriage don’t extend to same-sex couples

For all those same-sex newlyweds in New York, Lawrence S. Jacobs has a message: Enjoy the Champagne and the honeymoon, but expect no gifts from the IRS. Jacobs, a lawyer in Washington, specializes in estate planning for same-sex couples—and in delivering the bad news that their unions aren’t legal in the eyes of the IRS, a policy that will cost them time and money during tax season.

Same-sex couples in Washington, which last year legalized gay marriage, must fill out a federal return to make calculations required for their D.C. joint return. But then they must set that work aside and fill out separate federal returns because the IRS doesn’t regard their union as legal, Jacobs says. “You just spent decades getting your marriage recognized, and now the feds say, ‘No, you’re not,’” says Jacobs, who as a partner in a same-sex marriage has firsthand experience of the problem.

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5 comments:

  1. i bet if the irs would recieve more money out of couples it would be ok then this government is run by crooks

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  2. Gay marriage is a fairy tale and will never exist. Marriage is a covenant between a man a woman and God. Anything else is an exercise in pagan worship.

    ReplyDelete
  3. Gay marriage is a fairy tale and will never exist

    Sorry to bust your bubble but it already exists.

    This country is damned.

    ReplyDelete
  4. to 4:45 you are correct. God defined what a marriage is. Our legislators do not get to redefine it. Civil union yes but not marriage. To all that want to preach hate for those of us who are believers you only need to know that we hate the sin but we love the sinner because we all are sinners.

    ReplyDelete

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