Posted by AccountingWEB on 08/17/2011 - 09:49
Are you an accountant with experience in handling the myriad tax issues involved in same-sex marriages? With New York State recently passing the Marriage Equality Act, I've been hearing that there's quite a lot to sort out in terms of estate taxes, income taxes and more for newly-married same-sex couples. Of course, I'm guessing the rules vary from New York to Vermont to Iowa, and the other states with legalized same-sex marriage.
Most times when new legislation takes hold, it's more work for the public accounting profession. Gotta love politics!
What are your thoughts and observations?
Are you an accountant with experience in handling the myriad tax issues involved in same-sex marriages? With New York State recently passing the Marriage Equality Act, I've been hearing that there's quite a lot to sort out in terms of estate taxes, income taxes and more for newly-married same-sex couples. Of course, I'm guessing the rules vary from New York to Vermont to Iowa, and the other states with legalized same-sex marriage.
Most times when new legislation takes hold, it's more work for the public accounting profession. Gotta love politics!
What are your thoughts and observations?
Reader comments
It's about time!
Posted by Bruce Donaldson from NY on Aug 18, 2011 - 9:49 am
The government never makes any easy. More work for qualified accountants!
Posted by Espe Nunez from Brownsville TX on Aug 17, 2011 - 10:23 am
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