Same-Sex Couples Could See Tax Windfalls
If the U.S. Supreme Court strikes down the Defense of Marriage Act, many same-sex couples could be in for substantial tax windfalls. EisnerAmper Partner Ken Weissenberg, CPA, was recently interviewed by CNNMoney for an article outlining how the financial landscape for same-sex couples could change—both for the future and prior years. Couples who were already married under certain jurisdictions may qualify for refunds of estate, gift or income taxes going back to 2009. Protective claims for refunds must be filed by the later of three years of the due date of your tax return (including extensions) or two years from when you paid tax for the year in order to be able to preserve your rights to a refund. You can find out more about the potential financial windfalls for these couples here .