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Treasury and IRS Announce That All Legal Same-Sex Marriages Will Be Recognized For Federal Tax Purposes; Ruling Provides Certainty, Benefits and Protections Under Federal Tax Law for Same-Sex Married Couples

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) today ruled that same-sex couples, legally married in jurisdictions that recognize their marriages, will be treated as married for federal tax purposes. The ruling applies regardless of whether…

Restaurant owner files for bankruptcy in New York

On Long Island, New York food is a very profitable necessity. Many locals have made a living out of business ventures like restaurants and other eateries. However, the food industry has a weakness; the country’s economic state can greatly affect…

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