Tax Implications of Same-Sex Family Issues
Tax Guidance for Same Sex Couples in New York
Same-sex couples face a complex proposition when it comes to taxes, as
the state tax system takes their marriage into account but the federal
system does not. It is important to obtain comprehensive legal advice
to plan the approach to your taxes to be most beneficial to you and to
avoid the pitfalls that can be suffered due to lack of planning. This
applies to matters ranging from income tax to sales tax to estate planning
and estate taxes. All same-sex couples in New York need this skilled guidance,
as the same rights and obligations apply whether or not they were married
in this state or in another state that recognizes gay marriage.
Our founding Long Island same-sex family lawyer, Sari M. Friedman, can
provide advice based on your individual circumstances. Your income bracket,
assets, income sources and more will have a great effect on how you should
best approach withholding, your returns and the many financial transactions
that relate to your taxes. Individuals with same-sex spouses are taxed
on the value of their partner's health benefits due to the marriage
not being recognized on a federal level. Inheritances between same-sex
martial partners can also cause significant tax problems. These are just
some examples of the issues that must be skillfully addressed in order
to protect your finances and financial future.
Long Island Same-Sex Family Attorney
Having the right legal instruments in place is invaluable both financially
and for the peace of mind it offers regarding your security and that of
your children. Don't let yourself be robbed of money that is rightfully
yours – let the legal team at
Friedman & Friedman, Attorneys at Law help you and your family obtain the protection you deserve.
Contact a Long Island same-sex family lawyer for help planning the approach to taxes that will best protect your interests.