The IRS recently issued a “private letter ruling” that affects same-sex married couples in California. Read more here: http://online.wsj.com/article/SB10001424052748704080104575286931017169308.html.
What affect does this have on same-sex married couples in Iowa? It really won’t have much of an affect, because this ruling deals with “community property” rules. Iowa is not a community property state. I’ll post a more thorough analysis of the ruling soon.
“This blog post, along with comments that may follow, should not be considered tax advice. Before you make final tax or financial decisions, please secure a professional tax advisor to give you advice about your unique situation. To secure Jason as your accountant, please click on the ‘Services’ link at the top of the page.”