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DEFENSE OF MARRIAGE ACT: TAX PLANNING CONSIDERATIONS

DEFENSE OF MARRIAGE ACT: TAX PLANNING CONSIDERATIONS

Cost Free
Presentation Length 1.5 hours

Recorded DateOctober 28, 2013
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

On June 26, 2013, the Supreme Court ruled Section 3 of the Defense of Marriage Act unconstitutional. Since then, tax professionals around the country have been grappling with the implications. There are several issues that concern professionals completing a same sex couple's tax filing. Tax professionals should take special note of the state of marriage and residence as well as the various deduction and credit considerations that will now be present in same sex couple's tax returns.

There are approximately 114,000 married same sex couples living in the United States today, and the majority now have a federally recognized marriage. The potential impact is complicated including filing amended tax returns, estate and income tax planning and state filing requirements for non-conforming states. Attend this webinar to learn how this monumental court decision impacts you and your clients and how to use it as a planning opportunity.

Learning Objectives

  • Income tax planning issues: Federal filing requirements for same sex couples, section 1041 and divorce issues, impact on IRA and qualified plans

  • Estate and gift tax planning issues: inter vivos gifting, spousal rollover, portability, and community property issues

  • State income tax issues including non-conformity

  • How to use this decision to open tax planning engagements

  • Amendments

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PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
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Dominique Molina is the co-founder and President of the American Institute of Certified Tax Coaches. As the driving force and visionary behind the San Diego-based company, Ms. Molina set out to change the way tax professionals approach tax planning. In 2009, Ms. Molina began to create an elite network of tax professionals including CPAs, EAs, attorneys and financial service providers who are trained to help their clients proactively plan and implement tax strategies that can rescue thousands of dollars in wasted tax. Ms. Molina has successfully licensed tax professionals as Certified Tax Coaches across the country, creating a national network of highly qualified professionals who provide proactive service for their clients. This premier group of professionals features less than 400 specialists in 48 states who have achieved this very specialized designation. Ms. Molina frequently appears as a tax expert and TV guest in regional television markets, including San Diego, Los Angeles, New Orleans, and Honolulu. Her excellent media credentials, professionalism, and outgoing personality allow her to provide expert advice on tax issues. Ms. Molina is also a published author of three best-selling books on taxation. Specialties: Tax planning, Education, Helping tax business owners get paid for their expertise, Tax business marketing, Helps tax business owners gain freedom by getting paid what they’re worth, systematizing their businesses and giving their teams an Extreme Staff Makeover

About Our Presenter

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The American Institute of Certified Tax Coaches is an independent not-for-profit corporation. AICTC is a collaborative network of elite professionals who are using tax planning as a way to establish profitable, consultative practices. The AICTC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Profesional Education on the National Registry of CPE Sponsors. The AICTC is the only organization providing hands-on training, proven systems, tools, support, and the Certified Tax Coach (CTC) designation. When graduates achieve the CTC credential, the designation conveys their unique expertise in tax planning.