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IRS Now Recognizing Same Sex Marriages

Okay, so yes, a very different blog post than normal but since I work in taxes, this is a pretty big deal for me and I’m sure there are plenty other people who are VERY interested in and excited about this change.  The IRS is now recognizing same sex marriages!  Next year, when Sally and Susan or John and Tim file their tax returns, they can filed as married… assuming they got married in a state recognizing actual marriage, not just a civil union.

“Under this rule, individuals of the same sex will be considered to be lawfully married under the Code as long as they were married in a state whose laws authorize the marriage of two individuals of the same sex, even if they are domiciled in a state that does not recognize the validity of same-sex marriages.”  AKA, if you were married in New York but moved to (or lived in) Texas, you could still file as married.

“For Federal tax purposes, the term “marriage” does not include registered domestic partnerships, civil unions, or other similar formal relationships recognized under state law that are not denominated as a marriage under that state’s law, and the terms “spouse,” “husband and wife,” “husband,” and “wife” do not include individuals who have entered into such a formal relationship.”  AKA, if you live in a state, such as CO, that only recognizes civil unions, you still must file as single.

Want to know where your state sits as far as marriage/civil unions are concerned?  Check out this handy-dandy map here.

If you’d like to read the Revenue Ruling yourself (some pretty exciting reading), you can view it here.

Make sure you check in with your state before filing your state income tax return to see how they handle same-sex marriages.

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Some friendly advice…

Friendly piece of advice #1:

When starting a business, you might want to actually know what the heck you are doing.  

While this may seem like common sense to some, it is not to all.  There is a lot that goes into a business besides “hey, I can make/sell/do this, so I’m going to open up a place so I can make money doing it”.

Doing what I do, I see mainly the tax side of it.  However, when your business isn’t making any money, you may want to rethink keeping the business open.  This is so hard for most people to hear, but if you aren’t making money, or even worse, if you are losing money, it’s really not worth it anymore.

Another friendly piece of advice: Continue reading

Lots to Learn

I have now survived my second day at work and my co-workers ask how I like it so far.  Well, it’s overwhelming, but fun.  There is so much to learn right now!  Especially since I’m not actually licensed as an attorney yet, I have to learn what the assistants do as well as what I’ll do when I am licensed and I become a full-on Associate.  Due to the IRS requirements, people that are not Enrolled Agents or Attorneys are only allowed to get so much information from them about the client.  The company deals mostly with small businesses that are in tax debt, but also some individuals.  I got to do my first phone call yesterday into the IRS and I was INCREDIBLY nervous because of how strict they are about everything, but I survived. 😉 Continue reading

Grow Some Balls

Yes, this is a venting post (mostly).

If you read my “Interviews” post, you’ll remember that I had two interviews with one company and was waiting to hear from them to set up another interview with the general manager.  I’d called several times and yet the HR lady never answered her phone.  I left her a message and sent her an e-mail making sure she got my message, but never got a response.  Finally, today, I check the mail and have a letter from them saying that I didn’t get the job.   Continue reading

Interviews

I went straight from high school to college and college to law school, so I’ve never had to interview for a “real” job until now.  A week and a half ago, I interviewed with a tax resolution firm and had a second interview last week.  Quite possibly the weirdest interviews I’ve ever had.  Even my interview for TGI Fridays in college was more involved than this one.

So here’s what I found odd about these interviews: I didn’t say hardly anything.   Continue reading

You know you’re studying for the bar if…

I’m sure many of you have seen this and I have no idea who the original creator was to give credit to, but it’s hilarious especially for bar takers and even non-bar takers to understand what we are going through.  (There’s some vulgar language in here, FYI)

It makes me feel smarter if I use my bar review travel mug...

You Know You’re Studying For The Bar If…

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