Estate Tax

/Tag:Estate Tax

Life After DOMA: Estate Tax

By | April 2nd, 2014|Categories: Same-Sex Marriage and Taxes|Tags: , , |

I talk a lot on this blog about the income tax implications to same-sex married couples of the Defense of Marriage Act being struck down. But like a lot of folks, I tend to gloss over the estate tax implications because estate tax seems to affect so few people. Still, it's important to reflect on the [...]

DOMA Ruled Unconstitutional (Again) in an Estate Tax Case

By | June 7th, 2012|Categories: Same-Sex Marriage and Taxes|Tags: , |

The slow but steady death march of the Defense of Marriage Act continued Wednesday, as another federal court ruled DOMA unconstitutional. This latest case involved the estate tax. Edie Windsor's same-sex spouse, Thea Spyer, died in 2009 and left a large estate to Windsor. Because of DOMA, the unlimited spousal exclusion available under estate-tax law didn't [...]

Form 8939 Filing Deadline Pushed Back to January 2012

By | September 13th, 2011|Categories: Potpourri of Tax Topics|Tags: , , |

The IRS has pushed back the filing deadlines for estates that need to file Forms 8939 or 706.  Form 8939 is now due January 17, 2012, and Form 706 is now due March 19, 2012.  Here's more from the IRS notice (click here for more from the IRS website): The IRS is providing the following relief: Large [...]

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No Form 8939 for Estates Yet

By | August 21st, 2011|Categories: Potpourri of Tax Topics|Tags: , , , |

(UPDATE 9/13/11: Form 8939 still has not been released, but the IRS has pushed back the filing deadline to January 17, 2012.  Click here for more info.) The IRS still hasn't released the new Form 8939 for estates created in 2010.  The form will be used to elect out of the estate tax for 2010 and to allocate [...]

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Comparing the Tax Situations of Iowa and New York Same-Sex Married Couples

By | August 2nd, 2011|Categories: Same-Sex Marriage and Taxes, State Taxes|Tags: , , |

This is a tag-along article to this Dinesen Tax Times story about New York issuing guidance to same-sex married couples in that state.  A website visitor asks how New York's guidance compares to Iowa. The tax situation of same-sex married couples in New York will be similar to that of Iowans.  They'll have two filing status [...]