September 09, 2013
Nanette Lee Miller, Leader of the LGBT Practice Group, Quoted In 429 Magazine Article "Hooray for IRS: DOMA Ruling Gets Big Cheer"
By Jamie Rubenstein
By most accounts, the long-awaited IRS federal tax ruling recognizing same-sex marriages, regardless of state residency—in effect, upholding “state of celebration”—won high praise last week from a wide class of LGBT accountants, lawyers and finance planners.
“It is very good news we got from the IRS and this is the way we hoped it would turn out in how the IRS will be treating same sex couples more fairly,” declared New York financial advisor Nanette Lee Miller, identified as a national leader of Marcum LLP’s LGBT practice.
For one thing, “tax preparation will become simpler” for LGBT couples particularly in recognition states and the tax bite should be lessened, she predicted as couples can now find the process less complicated. Apart from income taxes, the IRS ruling also “makes it easier for us to do advance planning for couples” in estate and gift taxes as software becomes adjusted, she said.
“I do think you will now see an uptick of more marriages in the states and municipalities where they are recognized,” she forecast.