Taxes and Same Sex Marriage Couples

 Their state of New York is the newest state to permit same sex marriages, permitting the issuance of marriage certificates to same sex couples beginning July 25th, 2011. What the law states that permits same sex marriages in New York doesn't require residence and therefore, couples  in Fresh Escort  from anywhere in the U.S can go to their state, get married, and return to their resident state as married couples. This law, passed in major state in America, has been seen as a significant shift for the recognition of same sex marriages in the U.S. You will find 6 other states that allow for same sex marriages in the United States. These are Iowa, Connecticut, Massachusetts, Vermont, New Hampshire, Washington, D.C., and now, New York. California had permitted same sex marriages in 2008, but only for a brief period before changing back to heterosexual marriages only. However, for the certificates that were issued in this short time in 2008, they still hold as legitimate. There are four other states that allow some kind of civil unions for same sex partners. 

Same sex marriages have already been on the upsurge in the United States within the years. According to the U.S. Census Bureau for the 2008 census, there have been 565,000 same sex couples in that year with only 32,000 being legally married, owning to the truth that only 6 states allowed marrying such couples. Based on the same census report, 80,000 of the same sex couples were either registered as legal domestic partners, reciprocal beneficiaries, or as united in a civil union. The majority of the other same sex couples had no legal status.

However, even while same sex couples celebrate the move by New York and other states joining in the permitting of same sex marriages, you will find still federal tax conditions that remain unresolved or lacking in terms of they are concerned. In line with the Defense of Marriage Act of 1996, marriage is defined as a union between a person and a lady and the spouses are defined to be of opposite sexes. Therefore, so far as the federal law is worried, the law doesn't recognize same sex marriages. For taxation, same sex couples can therefore, not file taxes jointly and benefit from the advantages that comes with filing jointly. However, on the flip side, same sex marriages don't enter into shared responsibility of taxes which can be reported jointly, given that they file separately. The shared responsibility of taxes is a huge major issue for those that file jointly, as the IRS holds both spouses equally accountable for any taxes arising from misrepresented informative data on the tax returns.

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