The US Supreme Court will issue its ruling on the Defense of Marriage Act today. For tax purposes, if DOMA is overturned, couples in same-sex marriages will be treated as married for federal tax purposes and won’t need to jump through all of the ridiculous hoops they currently must jump through to meet their tax obligations.
The ruling is expected to be released at 9 am Central time today.
I will post an analysis of the tax implications of the ruling,
but my blog is not the place to come for “breaking,” real-time analysis. The post that I do will mainly be for the benefit of my clients who follow this blog and you can find that analysis here. (I misjudged how much time I would have available today for blogging; I was at my computer and ready to blog when the ruling came out!)
I also highly recommend bookmarking the following sites that will have analysis on the ruling as well:
“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.”