~~Good Record Keeping is Important

 

Christine Van Cauwenberghe, a tax and estate planner, says that same-sex couples should do more than consider opening a joint account, they should plan their financial lives together. Keeping a record of all expenses and earnings is important for everyone, but it is especially important for same-sex couples as filing two separate returns can be a challenge.


Know the Advantages and Disadvantages

 

The New York Times article, "Tax Tips for Same-Sex Couples," states that tax codes tends to favor married couples especially in the case where one person is a stay-at-home parent or non-working spouse. Learn about the different tax deductions and exemptions and think of the couple as an economic unit in order to make wise tax decisions.

 

Read more: http://www.ehow.com/list_6787018_income-tax-tips-gay-couples.html#ixzz2pixZ3E1M