Leveraging IRS Recognition of Same-Sex Marriages for Income and Estate Tax Returns
Filing Current and Amending Past Year Federal Returns to Maximize Refunds and Reconciling With State Returns
Recording of a 110-minute CPE webinar with Q&A
This course will instruct practitioners on the opportunities available and key changes for tax reporting for same-sex couples due to IRS Rev. Ruling 2013-17. The panel will discuss the impact of the Supreme Court's DOMA decision and the IRS ruling. The panel will also offer best practices for preparers working with same-sex and unmarried couples in states that do and don't recognize same sex marriages.
IRS Revenue Ruling 2013-17 Overview
- Imapct Personal Income Taxes
- Impact Estates and Trusts
- Impact Employee Benefits
Filing for refunds
- Form 1040X
- Form 843
Filing Out Forms Post IRS Ruling
The panel will review and provide helpful details and examples:
- How can preparers assist same-sex married couples in filing for federal income tax and gift tax refunds: Form 1040X and Form 843, lacking current IRS guidance?
- How does the IRS ruling define legal same-sex marriage? Under what circumstances will the benefits in IRS Revenue Ruling 2013-17 extend to domestic partnerships and civil unions?
- What filing status should legally-married same-sex couples use to file their 2013 federal income tax return?
- How can preparers handle tax filings for same-sex married couples in the states that currently do not recognize same-sex marriage but require tax filers to reference federal returns on their state tax forms?
Following the speaker presentations, you'll have an opportunity to get answers to your specific questions during the interactive Q&A.
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