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October 2015 Archives

The tax treatment of same-sex marriages

In a statement, the IRS said on Oct. 21 that it would recognize same-sex marriages in all 50 states for tax purposes. The marriages would be recognized even if they have taken place in states that have not yet legalized such unions. The impetus for the ruling was the June 2015 Supreme Court decision in Obergefell v. Hodges which dealt with a man who had traveled from Ohio to Maryland to marry his partner who was dying from Lou Gehrig's disease.

Things to remember when getting a divorce

When going through a divorce, many people are understandably overwhelmed and frazzled while dealing with strong emotions and changing routines and responsibilities. Maryland residents might need to create a checklist to make sure they do not forget about important details that could arise at the end of a marriage.

False positives detected in European drug test study

As Maryland residents know, being drug tested and having a positive result for marijuana may cause problems in a job or have negative repercussions in other ways. A recent study shows that erroneous results may be possible when hair testing for marijuana. The study was performed in Germany by a forensic medicine institute located in Freiburg.

Same-sex marriage decision leaves some unanswered questions

The Supreme Court decision in Obergefell v. Hodges was a game-changer in many states that did not allow same-sex marriages or did not recognize same-sex marriages performed in other states. However, for same-sex couples in Maryland and across the country, the ruling left some questions unresolved.

Financial concerns for divorcing couples

Maryland couples who are divorcing may be unaware of all the financial ramifications of their split. A divorce can lead to significant expenses including the cost of an attorney and increased expenses in terms of paying more in utilities or rent on top of a mortgage. An individual's entire financial picture may change including the amount it is possible to set aside for savings.