Tags: Gay Marriage | Death and Taxes

Gay Couples Could See Windfalls from Court Action

Sunday, 10 Mar 2013 04:13 PM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

NFL to Name Elizabeth Nabel as Chief Medical Officer

Sunday, 01 Feb 2015 16:07 PM

The National Football League will name Elizabeth G. Nabel, president of Brigham and Women's Hospital in Boston, as its c . . .

Storm Blankets Midwest in Snow, Creeps Toward Northeast

Sunday, 01 Feb 2015 15:50 PM

A slow-moving winter storm blanketed a large swath of the Plains and Midwest in snow Sunday, forcing the cancellation of . . .

Illegals Could Wait Until 2019 to Have Cases Resolved

Sunday, 01 Feb 2015 11:13 AM

Thousands of immigrants seeking legalization through the U.S. court system have had their hearings canceled and are bein . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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