Tax and financial advice from the Silicon Valley expert.

IRS says California RDPs should split wages on tax returns

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.

Read More

Tax and financial advice from the Silicon Valley expert.