domestic partnership

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domestic partnership

A popular term for a committed relationship between two unmarried people who cohabit and often have one or more children together.
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The IRS said that this depends on whether the domestic partner qualifies as a dependent under Section 152 of the Code.
DTCC also has joined a coalition of businesses supporting a bill that would amend the Internal Revenue Code to end taxation of health insurance benefits for domestic partners and treat them the same as health benefits for federally recognized spouses and dependents.
Whether you are a prospective employee or an employee, whether you have a domestic partner or not, you take notice that there is an employer who cares about their employees.
Despite the task force reports and urging from Boards of Visitors, many public universities have made little progress toward offering domestic partner benefits.
Wal-Mart spokesman Randy Hargrove told Arkansas Business last week that he doesn't know how many workers have enrolled their domestic partners for health care benefits.
According to a December 2007 report by the Center for American Progress and the Williams Institute, employees with partner health benefits now pay on average $1,069 per year more in taxes than would a married employee with the same coverage" unless the domestic partner qualifies as a dependent (HRC, 2008).
To be sure, no amount of planning can fully compensate for the inequality under federal law between domestic partners and married couples.
New York is not the first jurisdiction to make a place for domestic partners (outside marriage or civil unions) in health care decisions.
As a will substitute, the living trust is particularly attractive to domestic partners, as it avoids probate and reduces the chances of a successful will challenge by the decedent's relatives (see page 34).
Because domestic partner benefits have been voluntarily offered for some time, the IRS has issued guidance.
And in Wisconsin, where the University of Wisconsin System has been seeking domestic partner benefits, voters approved a constitutional amendment last month that not only defines marriage as a union between a man and a woman, but also bars the state from granting legal status similar to marriage to unmarried individuals.
In terms of domestic partner coverage, we've been offering that for many, many years because that's what our customers want,'' said David Olson, senior vice president of corporate communications for Health Net.

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