The IRS recently issued Revenue Ruling 2013-17. The Ruling provides that a married same-sex couple, married in a jurisdiction which respects the marriage, will be treated as married for all purposes by the IRS. This is regardless of whether the couple was domiciled in a state that respected their marriage when they got married or later moved to a state that did not recognize the marriage. Let’s say a same-sex couple residing in Oklahoma travels to New York for the weekend. While in New York, … [Read more...] about Planning for Married Same-Sex Couples
Same-Sex Divorce
Same-Sex Divorce
As I wrote last week, New York now allows same-sex couples to marry. The first marriages took place on Sunday, July 24, 2011. (While Gov. Cuomo signed the bill legalizing same-sex marriage a month ago, it had a 30-day waiting period before becoming effective.) It is interesting to note that, unlike other states allowing same-sex marriage, New York has no residency requirement for marriage. So, this could open the door to same-sex couples from states which do not allow same-sex marriage to take … [Read more...] about Same-Sex Divorce
