Tax Planning for LGBT Clients to be
Addressed in New NSA Webinar
ALEXANDRIA, VA, July 23, 2015 — On June 26, 2015 the Supreme Court of the United States ruled in Obergefell v. Hodges that all states must license marriages between two people of the same sex. This ruling came just two years after the historical ruling in United States v. Windsor, which struck down Section 3 of the Defense of Marriage Act.
During the past two years, there has been a lot of confusion and frustration relating to tax and financial planning for LGBT clients. While the Obergefell ruling simplified this planning in many ways, there is still a lot to understand and learn with regard to providing tax and financial planning services to the LGBT community.
That’s why the National Society of Accountants (NSA) developed a new webinar, “Post-Windsor & Obergefell Tax and Financial Planning Issues for LGBT Clients,” to update tax professionals on the latest tax laws in this area. It will be held July 28, 2015 from 2-4 p.m. Eastern Time.
The webinar will be taught by Rosalind Sutch, CPA, MT, of Drucker & Scaccetti, who specializes in LGBT tax issues.
IRS Revenue Ruling 2013-17 stated that the IRS will look to the laws of the state in which a couple was married to determine their federal marital status. Prior to these events no legally married same-gender couple could file jointly.
This webinar will review the history of Windsor and Obergefell Cases and the progress of marriage equality in the United States and discuss the issues LGBT couples (married and not married) are facing from a tax perspective, including:
- · The possible need for amended income tax returns
- · How to recover payroll taxes
- · State-level taxation issues for non-marriage equality states.
It will also address economic and tax issues that should be considered when helping clients quantify the financial impact of marriage.
The webinar is approved for continuing professional education (CPE) by the Internal Revenue Service (IRS), National Association of State Boards of Accountancy (NASBA), Accreditation Council for Accountancy and Taxation (ACAT) and California Tax Education Council (CTEC).
The following webinars for tax and accounting professionals are scheduled to be held in June and July 2015:
The registration fee is $65 for NSA members and $95 for non-members. For more information, visit webinars.nsacct.org. More information is also available by calling NSA at 800-966-6679.
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NSA and its affiliates represent 30,000 members who provide accounting, auditing, tax preparation, financial and estate planning, and management services to approximately 19 million individuals and business clients. Most members are sole practitioners or partners in small- to medium-size accounting firms. NSA protects the public by requiring its members to adhere to a strict code of ethics and maintain an annual continuing education regimen. Learn more at www.nsacct.org.