The IRS announced today that all legal same-sex marriages will be recognized for Federal Tax purposes. The looming question about whether the IRS would use the state of domicile or the state of celebration to define “legal marriage” has been answered. They have chosen the state of celebration which means IRS marriage recognition will be based on where the marriageContinue reading “IRS Will Recognize All Legal Same-Sex Marriages – Regardless of State of Residence”
Category Archives: Financial PLanning
DOMA is Dead – To Wed or Not to Wed; that is the Question
With the fall of DOMA has come a rush of same-sex couples (SSCs) converting their partnerships into marriages. It is an emotional time, especially for those who have waited for over thirty years to make that change. I have been to three weddings since the fall of DOMA and have five more between now andContinue reading “DOMA is Dead – To Wed or Not to Wed; that is the Question”
How the U.S. Department of Education’s Decision to Recognize Same-Sex Parents Affects your Ability to pay for College
In late April of this year the U.S. Department of Education announced that they will begin recognizing same-sex parent households in the Free Application for Federal Student Aid (FAFSA) application process. The application will still fail to include a same-sex or registered domestic partner marital status, but instead will use “unmarried parents living together.” TheContinue reading “How the U.S. Department of Education’s Decision to Recognize Same-Sex Parents Affects your Ability to pay for College”