News Related to Diversity & Inclusion

IRS Proposes Clearer Tax Rules for Same-Sex Married Couples

by Ken Berry | Nov 02, 2015   ()

More than two years after the US Supreme Court, inUnited States v.Windsor, struck down the section of the Defense of Marriage Act that prohibits same-sex marriages, the IRS and the US Treasury Department released new proposed regulations clarifying the federal tax rules for married couples.

The regulations, announced on Oct. 21, would build upon the blueprint issued by the IRS in Revenue Ruling 2013-17 immediately following the landmark Windsor decision in 2013.

All barriers to same-sex marriages came crashing down on June 26, 2015, when the nation’s top court ruled, in Obergefell v. Hodges, that such unions are legal in every state of the country.

Source: AccountingWeb
Source: AccountingWeb