The IRS proposed regulations yesterday based upon the recent Supreme Court ruling, recognizing same sex marriages. The IRS has recognized same sex marriages in States where they were legal since 2013. The new guidelines ensure that this designation applies to all couples, regardless of where they were married.
The IRS will interpret the terms “husband” and “wife” the same way in both same sex couples and opposite sex couples. The regulations will ensure that all will be treated the same under the law and that same sex couples enjoy the same tax benefits as opposite sex couples.
Allen Barron supports this long overdue legislation and stands prepared to be of service in any tax matter for our clients. Tax advice, trusts and estate planning and business services from a single source vendor. We invite you to contact us for a free and substantive consultation at 866-631-3470.
