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TAX NEWS BLIPS 11/2013

29 Nov

FUTA TAX Some employers will pay higher FUTA taxes in CA and NY. Both states have been unable to pay back loans taken from the federal government used to pay unemployment benefits. For both states this equates into a .9% additional tax or $63 per employee for tax year 2013. FORM 5498 Trustees will have [...]

Same-sex married couples must file before September 16 to file as single

16 Sep

Same-sex married couples must file before September 16 to file as single (09-13-13) Same-sex married couples who are on extension, but wish to file as single one last time, must file before September 16, 2013. Original returns filed by same-sex married couples on or after September 16, 2013, must be filed using a married filing status. [...]

Same Sex Marriage

02 Sep

The Department of the Treasury and the IRS has ruled that same sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes (Revenue Ruling 2012-17.) The ruling specifically states that it applies to “legally married” same-sex couples, and NOT TO REGISTERED DOMESTIC PARTNERSHIPS, civil unions, or [...]