 Does someone need to pay taxes on rent collected if it is passed between family? |
| If woman A and woman B have an agreement that woman A will collect rent from a property woman A owns, and give $1,000 per month to woman B, is woman B required to pay income tax on this sum? Woman A ... |
|
 What do Social Security Disability recipients need to file to receive their tax rebates? |
| Is there any special form that needs to be filed to receive the tax rebates? I am inquiring for a person I know on Social Security disability who hasn't filed in the last two years and may be ... |
|
 How is raising the minimum wage and cutting taxes a good thing? |
Doesn't taxes pay for social services and other programs?
Where does our taxes really go?... |
|
 Tax question? |
| my 2 kids, who are minors inherrited some money from their grandma. they earn about $5000 each in interest on this money, do they have to file a tax return, and if not, at what point do they have to ... |
|
 IRS taxes (Simple pay option) Deposit NOT yet in my account HELP!!!!? |
My e-file (IRS) tax application was accepted on the 11th but..
The IRS said they would be depositing the $$$$$ today the 25th (08') And the refund has yet to hit my account today the 25th<... |
|
 Do I have to file taxes? |
| I am 20 years old (almost 21) and live with my parents (dont rub it in). I make roughly between $250-$320 a week ($9.50 an hour) do I have to file taxes? what is the minimum amount of money I have to ... |
|
 Can I claim my soon to be born son who is in the womb? |
I was wondering if I could claim my son, who is yet to be born until march 09, he is happily in the womb and is under my care.
Is it possible?? I mean after all according to christians ... |
|
 Do i have to pay tax on minimum wages? |
| i am working as an apprentice carpenter on the minimum wage, should i pay tax on ... |
|
 Mimimum Wage Question? |
| Why do they tax the minimum wage? I mean its already minimum earnings. I belive govt. should have minimum wage which can be tax free (a sustainable standard of living) - and all earning above that ... |
|
 Which tax filing status is best for my divorced parents? |
| My parents got divorced several years ago, primarily for the purpose of avoiding a lawsuit. My father suspected he would be sued, and his income is only $7K of social security per year with nothing ... |
|
 Is there a way to find out if my X tried to claim my daughter again this yr? He was told by the judge "no"! |
| Last yr was supposedley an accident and he said he claimed her while we were in the middle of custody hearings. My daughter has lived with me since we moved out and he said that "they" did ... |
|
|  |
vivid | IRS Problems? Help.!!!!! Need Legal advice.? |
I have a joint account with someone who owes money to IRS. Yesterday a large amount of money was withdrawn from our account. Can they withdraw money from a JOINT accout. Even though the other person does not owe any money? Is the bank to blame for allowing them to take it? Is there a way to recover any of it? Help. |
 |
 
Ms.MojoRisin
 |
The IRS can do pretty much anything they want when someone owes them money. unfortunately. Since your partner's name was on the account, the IRS can get to it, and they don't even care if, theoretically, it was half yours.
If the IRS liability wasn't yours, I would suggest getting the joint account holder to sign a promissory note and start paying you back however much of the money taken out was yours.
Wish there was a more positive answer. |
|
MoB
 |
Let's look at the facts here. You are not married, did not file a joint account, nor file married filed seperately, correct? The fact that the other person owed the money, it WAS their account that the IRS took the money out of. They have the right to do that. The IRS has no way of knowing whose money is whose in that account. As far as they are concerned it was all his/her money in there. Now, if you have contributed more into that account than the other person, that person now owes you the difference. Not the bank, not the IRS, that person with whom you share the bank account with. I would have an IOU written up and notorized and have them make payments to you to make up the difference of what money was in that account that was theirs and what money in that account was yours that the IRS took out. If they refuse to do so, then sue them in small claim court. But you will have to prove what money was yours and what was theirs in that account. Kind of hard to do. But they are the one who owes you the money that was taken out of your joint account. A lot of unmarried couples get stuck this way. That's why if you are unmarried, you should have 1 account for household bills only(minimal amount put into), 1 account that is his, and 1 account that is yours. The IRS can still empty out his account and the joint account, but at least they wouldn't be able to touch your account. |
|
Wayne Z
 |
If their name is on the account and they owe the IRS money, yes the IRS can take it. Money in joint accounts is subject to levy even if only one of you owes back taxes.
The fact that it has gotten this far means that they have ignored more than a few notices from the IRS. |
|
wartz
 |
If the person who owes IRS can withdraw funds from the account, IRS can withdraw funds from the account. To get any relief, you would have to show that the other person has no interest in the account. An example would be an elderly person who put an adult child on their account as a convenience. |
|
Doctor Deth
|
sure they can do that |
|
Maryfrances
|
Yes, the IRS can do this. Since it is a joint account, they can take 100% of it to pay the other person's bills. The other person can also take 100% out and skip town, if they want to.
I would consider pulling all of my remaining money out of the account and getting my name off it (in case the other person bounces checks, for instance).
Was any of the money the IRS took yours? If so, ask the other person to pay you back. I wouldn't hold my breath, though--since they haven't been responsible about this debt to the IRS, they probably won't be responsible to this debt to you. The most I expect you to get is a promise or excuse. Of course, I could be wrong.
I don't know if you can take them to court. If so, you would probably need to prove how much of that money is yours by proving the source of the deposits you claim and what was withdrawn.
The bank is not to blame; they were just following the law. You will probably never see your money again. |
|
Judy1
|
If it's a joint account, then sorry, but yes they can take the money for the debts owed by EITHER person. Not only is the bank not to blame for allowing the IRS to take it, the bank didn't have a choice, they are required to. |
|
soula3
|
looks like your S.O.L. |
|
chatsplas
|
Sorry. You're SOL. And the joint account holder knew that this was coming because they get notices and such. Or, even worse, they directly authorized it. You need to speak with this person, pronto.
No one is to blame, but yourself, for trusting this deadbeat. You can sue them in small claims court. Usually there are other clues to this type of behavior. CLOSE the account, and take your money, if any is left, OUT. |
|
| |
|
| | |
| Questions List |
Answers | Last Post
| | | |
9 | 17 minutes(s) ago
| | | |
9 | 39 minutes(s) ago
| | | |
9 | 1 hour(s) ago
| | | |
9 | 4 hour(s) ago
| | | |
9 | 5 hour(s) ago
| | | |
9 | 10 hour(s) ago
| | | |
9 | 1 day(s) ago
| | | |
9 | 5 day(s) ago
| | | |
9 | 1 week(s) ago
| | | |
9 | 2 week(s) ago
| |
|
Homepage 
Financial
Forum 
Taxes 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
