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Recent federal tax developments for California registered domestic partners

Posted August 9th, 2010 by admin

This week’s interview on Financial Insider Weekly to be broadcast in San Jose and Campbell this Wednesday, August 11, is with Professor Patricia Cain of the Santa Clara University School of Law. We discuss recent federal tax developments for California registered domestic partners. The interview will be broadcast at 4:30 p.m. Pacific Time on [...]

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Filed under:Financial Insider Weekly, Individual income tax

IRS says California RDPs should split wages on tax returns

Posted June 11th, 2010 by admin

The IRS Chief Counsel’s Office has issued updated guidance, CCA 201021050, the federal government recognizes community property rights of California registered domestic partners in earned income effective January 1, 2007. Therefore, one-half of the earned income of a partner should be reported on each partner’s federal income tax return, unless the RDPs execute an agreement opting out of community property treatment.

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Filed under:Individual income tax