June 27, 2012
Janis Cowhey, Tax & Business Services Partner, Quoted in NJBiz.com Article "Marcum Sees Niche in Providing Tax Services to Partners in Civil Unions"
By Katie Eder
When Gov. Chris Christie vetoed legislation in February to legalize same-sex marriage in New Jersey, accounting firm Marcum LLP saw a business opportunity, as members of the lesbian, gay, bisexual and transgender — or LGBT — and nontraditional family communities began to fully recognize issues in filing their estate and income taxes."There have always been enormous income tax issues and estate planning issues in the LGBT community," said Janis Cowhey McDonagh, a partner at the firm's New York office who specializes in LGBT estate and income tax issues. "The governor vetoing the law just brought those issues up to the forefront and got couples to focus on what they were missing."
On June 20, the New York office of Marcum announced that it launched an LGBT and non-traditional family practice group to serve the Metropolitan area, though McDonagh noted "as we grow the practice, someone in each of our offices will be covering it, since we're already doing a lot of this kind of work in New Jersey through our New York office" and its Tinton Falls and Roseland locations.