The Internal Revenue Service (IRS) now allows same-sex married couples to file a "married filing jointly" tax return. However, many states do not allow these couples to file using the "married filing jointly" status. My home state of North Carolina recently released a directive for these couples outlining how to file. You can read the full directive by clicking here.
These couples will file their federal tax return using the "married filing jointly" tax status, but will also need to recalculate a separate "pro forma" federal tax return under the single status for each individual (or head of household as the case may be). Both will need to file separately with North Carolina and attach a "pro forma" federal tax return to their state tax return.
Thus, these couples will need to fill out a total of 5 income tax returns:
1 - Federal income tax return submitted to the IRS (Married)
2 - Federal income tax returns submitted to the North Carolina Department of Revenue (Single)
2 - State income tax returns submitted to the North Carolina Department of Revenue (Single)
Please feel free to send me your questions on this or any other topic at: InvestorCookbooks(at)gmail.com
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