As the coronavirus continues to overwhelm our nation’s economic and health systems, new tax credits have been introduced to ease the financial hardship placed upon families and business throughout the country. One such credit, the Employee Retention Credit, was included in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).Read More
Tax Warrior Chronicles
Since section 3 of DOMA was stricken down in June of this year, an onslaught of new tax decisions have been presented to same-sex couples. Businesses, too, have had to change some processes to accommodate the laws that now include previously unrecognized spouses. The Tax Warriors® at Drucker & Scaccetti have been at the forefront of this and other tax-related LGBT issues since well before it became the law of the land. To that end, we thought we’d share the IRS’s new frequently asked questions regarding the taxes of same-sex couples, including three questions regarding payroll taxes with respect to benefits provided by an employer for an employee's same-sex spouse.