Modern Family and LGBTQ                                          Tax Consulting & Financial Planning

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In addition to our extensive tax planning and accounting services, The Tax Warriors® at Drucker & Scaccetti have experience in the area of tax and financial planning for the LGBTQ community to help our clients achieve financial independence and efficient tax planning.

 

The landscape of tax and financial planning changed dramatically for the LGBTQ community on June 26, 2013 and June 26, 2015, when the SCOTUS ruled the Defense of Marriage Act (DOMA) was unconstitutional and that the Constitution requires states to perform same-sex marriages.    

 

Below is a summary of some of the services we provide to members of the LGBTQ community and well as various resources about the latest-breaking issues relating to the LGBTQ community, including those specifcally linked to and created by the SCOTUS rulings.


The D&S suite of Personal Tax and Financial Planning services for the LGBTQ community include, but are not limited to:

  • Analysis of economic impact of marriage
  • Tax Compliance (including amended returns, protective refund claims and determination of proper filing status going forward)
  • Tax Consulting & Projections
  • Estate Planning
  • Review of state domicile/residency and related tax affect
  • Periodic review and refinement of financial objectives
  • Investment record keeping and reporting 
  • Assistance securing mortgages or refinancing

 

RESOURCES

From the Tax Warrior Chronicles:

Road Map to Quick LGBTQ Filing Tips 2-18-16

Treatment of Imputed Income in the Year of Marriage - The (Not So) Definitive Answer 7-9-15

SUPREME COURT RULES IN FAVOR OF SAME-SEX MARRIAGE.  Read the ruling.

DOL Revises Definition of Spouse Under FMLA to Include Same-Sex Married Couples 2-24-15

SCOTUS to Rule on Same-Sex Marriage Bans 01-16-15

12/31/14 DEADLINE: Employers Must Amend Retirement Plans to Reflect Windsor Decision 12-9-14

How to Treat Same-sex Spouse Health Premiums Wrongly Included in W-2 Income 7-9-14

20 States and Counting! Windsor - A Year in Review

Judge Strikes Down PA Ban on Same-Sex Marriage. Reduces Tax Inequality and Complexity 5-21-14

LGBT Marriage & Taxes - Imputed Income for Partner Health Benefit - 3/27/2014 

LGBT Marriage & Taxes - Tie the Knot or Finalize the Adoption First? 3/19/14

LGBT Marriage & Taxes - Who Should Claim the Kids? - Possible Tax Refund Opportunity for LGBT Parents Not Legally Married - 3/13/14

FAQs Clarify Payroll-related Issues for Same-sex Married Couples - 12/18/13

Clock Ticking for Some Married Same-Sex Couples to File as Single for 2012 and Possibly Save $$$ - 9/5/2013

IRS to Recognize All Legal Same-Sex Marriages - 8/29/13

Tax Opportunities & Pitfalls Relating to Supreme Court DOMA Ruling – 6/26/2013

NY Releases Guidance on Estate Taxes in Light of Supreme Court's Windsor Ruling - 7/27/13

IRS Defers to Defense of Marriage Act for Same-Sex Couples – 10/11/12

 

From Drucker & Scaccetti:

Top List Tuesday: 9 Documents LGBTQ Couples Should Have 5-12-2015 (Tagg Magazine, Roz Sutch) Read the Article

PGN Article on Economics of Same-Sex Marriage 3-6-15 Read the article 

Tagg Magazine 11 Tax Tips the LGBTQ Community Should Know 3-17-15 (Tagg Magazine, Roz Sutch) Learn more

Roz Sutch interviewed on WHYY/NPR radio show discussing tax filing confusion for Pennsylvania's same-sex married couples. 4-14-14. 

Roz Sutch featured on KYW CBS News Radio discussing state tax issues for same-sex married couples in PA 2-21-14. 

July 11, 2013 e-Newsletter featuring two articles on DOMA related issues.

 

From Other Sources:

PA Department of Revenue Policy Concerning Same-Sex Marriage for Inheritance and Realty Transfer Tax Purposes

"Marriage Equality in Pennsylvania - What Does It Mean for Same-sex Married Couples?" by Rosalind Sutch, CPA, MT and William C. Hussey, II, Esq. (September 2014)

Whether to Wed: A Legal and Tax Guide for Gay and Lesbian Couples - by Scott Squillace, Esq.

Attorney Angela Giampolo interviewed on WHYY/NPR radio discussing the legalization of same-sex marriage in PA. 5-28-14. 

Marriage Now in PA - What's Next for Us? FAQ from Giampolo Law Group

History of Whitewood v. Wolf case, which ended PA's Ban on Same-Sex Marriage - ACLU 

Married Gay Couple Find Equality Taxing - (WSJ.com Account Required)

IRS Answers to FAQ for Married Same-Sex Couples

After DOMA: Federal Taxes - Lambda Legal

Revenue Ruling 2013-17 -prospectively applied as of 9/16/13

Tax Policy Center - Marriage Bonus and Penalty Calculator

Potential Federal Tax Implications of US vs. Windsor - CRS 7/18/13

US v. Windsor - SCOTUS Ruling on DOMA

City of Philadelphia News & Alerts: Mayor Nutter Signs Bill on LGBT Rights 5/10/13

City of Philadelphia Bill No 130224 (LGBT Equality Bill) 

GAO Report on Defense of Marriage Act - 198 Internal Revenue Code Provisions Tied to Marital Status - 1/23/04 

Angela D. Giampolo Blog - phillygaylawyer.com

 

EVENTS AND PRESENTATIONS:

 

Need an expert to speak on LGBTQ tax & financial planning issues?  Book Rosalind Sutch, CPA, MT, D&S Modern Family and LGBTQ Tax Consulting & Financial Planning Group leader, for your next client-focused event, webinar or conference.