Gay Couples Could See Windfalls from Court Action

Sunday, 10 Mar 2013 04:13 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Accountants and tax lawyers are encouraging married same-sex couples to apply now for tax refunds, Social Security benefits and other financial perks of marriage they may have been denied under the federal law that prohibits the federal government from recognizing gay and lesbian unions.

The U.S. Supreme Court is scheduled to hear oral arguments later this month to a provision of the 1996 Defense of Marriage Act. If the court strikes it down, some married couples and gays whose spouses have died may be eligible for retroactive payments.

A decision is not expected until the end of June, but tax experts say some gay couples who were married as of 2009 should submit protective claims now because there is a three-year statute of limitations for seeking income and estate tax refunds.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Navy Identifies Pilot Presumed Dead in Crash

Sunday, 14 Sep 2014 20:12 PM

A Navy fighter pilot presumed dead after two jets crashed in the far western Pacific Ocean has been identified.The Navy  . . .

Small Earthquake Rattles Northern California

Sunday, 14 Sep 2014 19:39 PM

A small earthquake rattled parts of Northern California.The U.S. Geological Survey reported a magnitude 3.5 quake struck . . .

Blumenthal: NFL's Goodell 'Should Go If He Lied' on Rice Video

Sunday, 14 Sep 2014 15:41 PM

National Football League Commissioner Roger Goodell should go if he lied about when the league saw a videotape of Ray  . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved