Marlene Asdourian CBC
Now that the law for same-sex marriage is legal in the eyes of the federal government, same-sex married couples can now file joint tax returns which could benefit the taxpayer or make things worse.
Although State Tax Laws differ, the Federal Government, IRS, recognizes same-sex marriages as legal and are liable to filing taxes within the same acceptable parameters of the IRS rules and regulations as intended for all married couples and families.
Aug. 29, 2014 the Treasury Department and Internal Revenue Service announced that same-sex married couples, regardless of where they live, will be recognized as married for federal tax purposes. The law says that as long as the couple was legally married in a jurisdiction that sanctions the weddings, they are married in Uncle Sam’s tax eyes even if they later move to a state that does not recognize same-sex marriages.
Jurisdictions that recognize same-sex marriages
Here is what you should know about filing a federal return
1. Find a tax preparer who knows how to run numbers several different ways for the benefit of the tax-payer.
-Whether it is filing jointly, filing separately, single or head of the household, based on your income and on your exemptions and deductions, the preparer should know where you benefit the most and advise you accordingly.
2. In addition to running your numbers several different ways, your tax preparer should have the knowledge to recommend a structure to benefit your filing status for the future.
-Advising isn’t every tax preparer’s duty nor capability. Find someone who knows how to restructure and advise for the benefit of the taxpayer.
You can reach Avo at (818) 934-0578
This week is the first week into the month Rex Doflinger and Associates is offering Free tax reviews to LGBT families going back to 2011, 2012, & 2013. Every family or married couple falling into the category, should take advantage of this free offer as their potential refunds might be great. Rex Dodlinger & Associates have made it really easy for the LGBT families and couples to take advantage of this Free offer by simply dialing (818) 934-0578 and Avo Asdourian, EA and LGBT Tax expert will personally help you and guide you through the process.
Marlene Asdourian CBC
Friday Oct 3
Since Avo Asdourian, EA specialized in the new tax laws that applied specifically to the LGBT families, he wants to make sure all effected by the new tax laws come forward and have their taxes reviewed for free since the possibilities to get a refund is very high. Rex Rodlinger and Associates are making sure the Temple city location’s staff is equipped and ready to help the LGBT families with their questions.
“This year, October will be dedicated to the LGBT families, starting today,” said Avo Asdourian, EA, “to get the Free Tax Review, contact us at the Temple City location and we’ll make sure all qualified will get the maximum benefits and refunds”
or call us Rex Rodlinger and Associates at (626) 808-5680
This Friday Rex Rodlinger and Associates are set to kick off their campaign to review the past 3 year’s tax returns for the LGBT community for free and educate the LGBT community about the new family tax laws that will change everything. “This is a new era for the LGBT community and The LGBT community should take advantage of the current federal tax laws,” said Pasadena resident Avo Asdourian, EA an expert on the LGBT community Tax laws. Here are the 3 things LGBT community should know:
FREE LGBT TAX REVIEW
STARTING October 3, 2014 FOR A LIMITED TIME
5819 Temple City Rd Temple City, CA 91780
Accepting Appointments (626) 808-5680
For your convenience, Reviews are also provided Online.
The U.S. Bureau of Labor Statistics reported today that the consumer price index (CPI) has dropped off by .2%. The dip was not expected and is the first decline in more than a year; the last such decline was April 2013. In contrast, if you take out adjustments for food and energy, the core CPI didn’t budge at all: it’s the first time that’s happened in four years.
IRS YouTube Video:
IR-2014-22, March 6, 2014
Following last summer’s Supreme Court decision invalidating a key provision of the Defense of Marriage Act, the IRS ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, are now treated as married for federal tax purposes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit.
Note: On Sept. 23, 2013 IRS issued Notice 2013-61 providing guidance for employers and employees to claim refunds or adjust overpayments of FICA taxes and employment taxes with respect to certain benefits and remunerations provided to same-sex spouses.
IR-2013-72, Aug. 29, 2013
WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether the couple lives in a jurisdiction that recognizes same-sex marriage or a jurisdiction that does not recognize same-sex marriage.
The ruling implements federal tax aspects of the June 26 Supreme Court decision invalidating a key provision of the 1996 Defense of Marriage Act.
Under the ruling, same-sex couples will be treated as married for all federal tax purposes, including income and gift and estate taxes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency exemptions, taking the standard deduction, employee benefits, contributing to an IRA and claiming the earned income tax credit or child tax credit.
Any same-sex marriage legally entered into in one of the 50 states, the District of Columbia, a U.S. territory or a foreign country will be covered by the ruling. However, the ruling does not apply to registered domestic partnerships, civil unions or similar formal relationships recognized under state law.
Legally-married same-sex couples generally must file their 2013 federal income tax return using either the married filing jointly or married filing separately filing status.
Individuals who were in same-sex marriages may, but are not required to, file original or amended returns choosing to be treated as married for federal tax purposes for one or more prior tax years still open under the statute of limitations.
Generally, the statute of limitations for filing a refund claim is three years from the date the return was filed or two years from the date the tax was paid, whichever is later. As a result, refund claims can still be filed for tax years 2010, 2011 and 2012. Some taxpayers may have special circumstances, such as signing an agreement with the IRS to keep the statute of limitations open, that permit them to file refund claims for tax years 2009 and earlier.
Additionally, employees who purchased same-sex spouse health insurance coverage from their employers on an after-tax basis may treat the amounts paid for that coverage as pre-tax and excludable from income.
How to File a Claim for Refund
Taxpayers who wish to file a refund claim for income taxes should use Form 1040X, Amended U.S. Individual Income Tax Return.
Taxpayers who wish to file a refund claim for gift or estate taxes should file Form 843, Claim for Refund and Request for Abatement. For information on filing an amended return, see Tax Topic 308, Amended Returns, available on IRS.gov, or the Instructions to Forms 1040X and 843. Information on where to file your amended returns is available in the instructions to the form.
Treasury and the IRS intend to issue streamlined procedures for employers who wish to file refund claims for payroll taxes paid on previously-taxed health insurance and fringe benefits provided to same-sex spouses. Treasury and IRS also intend to issue further guidance on cafeteria plans and on how qualified retirement plans and other tax-favored arrangements should treat same-sex spouses for periods before the effective date of this Revenue Ruling.
Other agencies may provide guidance on other federal programs that they administer that are affected by the Code.
Revenue Ruling 2013-17, along with updated Frequently Asked Questions for same-sex couples and updated FAQs for registered domestic partners and individuals in civil unions, are available today on IRS.gov. See also Publication 555, Community Property.
Treasury and the IRS will begin applying the terms of Revenue Ruling 2013-17 on Sept. 16, 2013, but taxpayers who wish to rely on the terms of the Revenue Ruling for earlier periods may choose to do so, as long as the statute of limitations for the earlier period has not expired.