Tax and financial advice from the Silicon Valley expert.

How has the federal tax picture changed for same sex married couples?

This week’s interview on Financial Insider Weekly is with Professor Patricia Cain of the Santa Clara University Law School. Our interview subject is "Tax considerations of the Federal Supreme Court decisions on same sex marriages."

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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.

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Tax and financial advice from the Silicon Valley expert.