Monday, April 17, 2017

LEGAL SAME-SEX MARRIAGES

The IRS ruled that it would recognize legal marriages of same-sex couples. Such couples are treated as married for 2016 filing purposes (and so generally must file as married filing jointly or separately and not single) and for purposes of claiming the standard deduction, exemptions, employee benefits including health coverage, IRA contributions, child credit, and the earned income credit. Such legally married couples are also treated as married for federal gift and estate tax purposes.

Selig & Associates provides the most aggressive tax representation allowed by law. Specializing in Trust Fund Recovery Penalty (TFRP) representation, and all payroll, income and sales tax controversies. We settle contested tax audits; negotiate excellent payment plans, compromise tax debts, and resolve all civil and criminal tax issues, including innocent spouse relief and separation of liability. For a FREE CONSULTATION call us today (212) 974-3435


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