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Couple from Carroll Loses Tax Court Case

By | November 17th, 2010|Categories: Potpourri of Tax Topics|Tags: , , |

A couple from Carroll face a large amount of taxes and penalties after they lost a Tax Court case yesterday.  The case involved transactions between three companies owned by the couple.  The Tax Court issued a dense, 87-page ruling in which they determined that certain transactions between the three companies lacked "economic substance" and were mainly for paying [...]

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Barclays to Reimburse Same-Sex Couples for Health Insurance Costs

By | November 16th, 2010|Categories: Same-Sex Marriage and Taxes|Tags: , |

British-based Barclays has announced that it will "gross up" pay of U.S. employees to help off-set the extra taxes paid by employees whose health insurance covers a same-sex partner.  Under federal law, the value of insurance coverage for people other than spouses or dependents is included in income.  (Remember, federal law does not recognize same-sex marriage, [...]

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