"Post-DOMAstic Tranquility? New Treasury Guidance on Same-Sex Marriage: Retirement, Benefits, Gift & Estate Taxes"

On August 29, 2013, the U.S. Department of the Treasury and the Internal Revenue Service released guidance that same-sex couples, who are legally married in jurisdictions that authorize the marriage of individuals of the same sex, will be treated as married for U.S. Federal income, gift and estate tax purposes regardless of where the individual resides. 

This Stroock Special Bulletin summarizes the guidance, which provides much needed clarity and consistency in the wake of the Supreme Court's recent decision overturning material provisions of the Defense of Marriage Act ("DOMA").