IRS Issues Rules On Recognizing Same-Sex Marriages

Married same-sex couples will be treated for federal tax purposes just like opposite-sex couples, according to a recent IRS announcement. Same-sex couples who were married in a jurisdiction, domestic or foreign, that recognized their marriage as legal will be treated as married for federal tax purposes even if they live in a state that does not recognize same-sex marriages as …

What’s Your Status?

While gathering information to complete your income tax return, you may give little thought to your filing status. But there’s a reason “filing status” choices appear at the beginning of tax forms: They’re important.