esrosedotblog

MORE LIKE JUST FOLKS

I don't know if this is a good or bad thing for our taxes but I think good. Lower brackets.

The main thing is that we are being treated (almost) the same as married, heterosexual couples.

I sent it to my accountant.

Thanks to Towle Road the website with gay tendencies.

IRS WILL RECOGNIZE GAY COUPLES IN CALIFORNIA FOR TAX PURPOSES

This is a major first. The IRS will tax start to recognize gay couples as a pair for tax purposes in California. The San Francisco Chronicle reports:

"In a significant move for same-sex couples, the Internal Revenue Service has decided to recognize California's community property law and treat the income earned by California registered domestic partners as community property income for federal income tax purposes."

"The decision, which was issued in a private-letter ruling on Friday, reverses a position the IRS took in 2006, when it said California's registered domestic partners should each report on their own federal tax return only the income they personally earned, not one-half of their community income."

"The new decision does not require or even allow California's registered domestic partners to file their federal tax return as married filing jointly or married filing separately, as they must do with their state tax returns. They must each still file a single federal return, but each should now report one-half of their community income."

Here is another example of the Obamas doing the lord's work for gays. Up until now there has been NO federal recognition of state actions certifying domestic partners or gay marriage. We do file jointly in California.

The gay whiners and complainers should take note. It is in these incremental steps that rights are delivered. The grand gestures are usually empty.

Note that this is not just for "married" gay couples. It is for any and all declared domestic partners. All one needs is an application to the California Secretary of State to show common living and shared incomes.

We are both married and CDPs.

Labels: Administration Obama, gay life, gay marriage, gay politics