Now, this was an enormous opportunity because what happens, if you are treated the same as a traditional opposite-sex couple in terms of taxes, and there’s many enormous tax benefits to being married, and I’m not just talking about filing a 1040 on your tax return, but things that are much more important in the big scheme of things. or Massachusetts or California, or to a state that does recognize same-sex marriage, return and live in Pennsylvania, and for federal income taxes and for federal estate tax, you will be considered married. So, what this meant was, if you were a Pennsylvania resident, you could go to New York or Washington D.C. And what was so unique about that revenue ruling was it didn’t matter what state they were in, as long as they were legally married in a state that did recognize same-sex couples. Then, there was a revenue ruling, revenue ruling 2013-17, that essentially gave same-sex couples the same marital rights as opposite-sex couples if they did get married. versus Windsor that, in part, held that DOMA (that is the Defense of Marriage Act) was unconstitutional. In 2013, there was a Supreme Court case called U.S.
Could you tell our readers and our listeners why you wrote a book for same-sex couples? And since today’s show is live, you can join the conversation with your questions and comments by calling the KQV studios at (412) 333-9385, and with that, Jim, let’s get started. As you’ll hear, the differences between being proactive and doing nothing can be dramatic, more than a million dollars over just twenty years. So, today, rather than an outside guest, Jim and I will discuss the book and talk about some of the important steps that same-sex couples can take to strengthen their financial situation. No question: this can only benefit people’s lives.” So, if that’s an indication of what’s to come, we’ve got a hit on our hands. It says, “This is the all-new, and Retire Secure! For Same-Sex Couples is your how-to financial guide going forward. And I’ll just stop right here and say we’ve just gotten one in from Ed Slott. Jim Lange has just finished his latest book, Retire Secure! For Same-Sex Couples, which is now out for critical review and comments. This week’s Lange Money Hour will be different from our usual format. Committed LGBT couples can now claim many rights and benefits of marriage, even if they live in states such as Pennsylvania that don’t yet recognize these unions. This is a historic time for American civil rights as long-standing laws against same-sex marriage are being struck down across the country. I’m David Bear, here in the KQV studio with James Lange, CPA/Attorney and bestselling author. Sign Up Today and Get your FREE Bonus!ĭavid Bear: Hello, and welcome to this edition of The Lange Money Hour, Where Smart Money Talks.
Join our mailing list to receive updates, news and get FREE bonuses. A Guide to Getting the Most out of What You've Got
0 kommentar(er)
