
By: Timothy P. FlynnYesterday, in the wake of the momentous SCOTUS decision in June striking down DOMA as unconstitutional, the all-powerful Internal Revenue Service formally announced recognition of same-sex marriages for all income, gift and estate tax purposes. While same-sex couples must be legally married, they do not need to reside in a state that recognizes such marriages at the time of the tax filing.In announcing the new IRS ruling, the Department of Treasury stated:Under the ruling, same sex couples will be treated as married for all federal tax purposes, including income and gift and estate taxes. The ruling applies to all federal tax provisions where marriage is a factor, including filing status, claiming personal and dependency...