Because of the hodge-podge of state laws relating to same-sex marriage, it's possible to be married to more than one person at the same time. How do taxes work in that situation?
According to Forbes.com, the IRS is continuing to search for people who have not filed gift tax returns on property transfers. From the Forbes article: Although gift tax audits are historically rare, the IRS has examined hundreds of taxpayers in the last two years whom the IRS suspects made large gifts, yet failed to file the [...]
Divorces are often messy -- and are even messier when the couple getting a divorce is a same-sex married couple. One of the messes that can pop up is recapture of the Homebuyer Tax Credits. Background The Homebuyer Credits existed in several forms between 2008 and the first part of 2010. Many people claimed these credits [...]
With the repeal of "Don't Ask Don't Tell," will gay soldiers be able to include their partners on military benefits? The ILGA says that is the hope: (L)ast week’s end of the policy prohibiting openly gay or lesbian service members from serving in the military brings almost no change for them when it comes to the [...]