New York

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New York Sees Economic Benefits from Gay Marriage

By | October 28th, 2011|Categories: Same-Sex Marriage and Taxes, Small Businesses Taxes, State Taxes|Tags: |

Bloomberg Businessweek is reporting that New York may see hundreds of millions of dollars in extra revenue thanks to the legalization of gay marriage there.  From the Bloomberg article: New York may reap $310 million over the next three years from license fees, taxes, and tourism related to same-sex weddings, according to a May report by four [...]

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Same-Sex Marriage News

By | October 17th, 2011|Categories: Same-Sex Marriage and Taxes, State Taxes|Tags: , , , , , , , , , |

For my same-sex clients and anyone else interested in the issues, here is an update on DOMA challenges and gay marriage news.  This is all from the Wall Street Journal (link is at the end of this article). California passed a law last week that will allow gay married couples from other states to get divorces [...]

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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 [...]

New York Issues Tax Guidance to Same-Sex Married Couples

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

The New York Department of Revenue has issued guidance for same-sex married couples on how to file state tax returns now that same-sex marriage is legal in the state.  The Department says taxpayers in same-sex marriages must file as married on their New York state income tax returns.  From the Department's news release: Same-sex married couples must [...]

New York Tax Pro Urges IRS to Clarify Tax Treatment of Same-Sex Marriage

By | July 6th, 2011|Categories: Same-Sex Marriage and Taxes, State Taxes|Tags: , |

A tax professional in New York is drafting a letter to the IRS an open letter to Congress and the IRS, telling the IRS them to clarify the federal tax treatment of same-sex married couples.  You can read more at Forbes.com. As my own commentary: I'm not sure how successful this letter or other efforts to protest [...]