Anthony C. Infant, has made available for download the Comments on Proposed Treasury Regulations Defining Terms Relating to Marital Status submitted by the Section of Taxation of the American Bar Association to Treasury on December 3, 2016.
The Abstract is as follows:
These comments respond to proposed Treasury Regulations defining terms relating to marital status in the Internal Revenue Code following the Supreme Court’s decision in the Windsor and Obergefell cases. The comments applaud the Internal Revenue Service for reading gendered terms relating to marital status in a gender-neutral fashion. For a number of reasons, however, the comments recommend that the final regulations omit the proposed rule for determining an individual’s marital status and, in its place, codify the current deference to local law in determining marital status for federal tax purposes. Most importantly, the comments further recommend that the final regulations reverse the IRS’s current position regarding domestic partnerships, civil unions, and similar relationships and instead recognize those relationships for federal tax purposes.
Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.