Joint Bank Account Non Filing Spouse

  • Joint Accounts May Not Be A Good Idea
    Joint accounts can provide many benefits but when pondering those benefits with the disadvantages, we would certainly rule against suggesting joint accounts for spouses. As usual the dichotomy between joint or individual accounts is a false choice since it is possible to find a balance between sharing and independence. However, it is important to understand why joint accounts are not a good idea on most situations and why keeping at least a minimum financial independence is important to protect Read More...
  • Married And Filing For The Earned Income Tax Credit
    When trying to qualify for the earned income tax credit you or your spouse must satisfy the age test if filing a joint tax return. You can not be a dependent of another taxpayer, and are not a qualifying child of another taxpayer. If married and filing a joint tax return you must include your social security number on your IRS tax return and that of your spouse. Married couples who file separate returns are not eligible for the earned income credit. If you are married, but your spouse did not l Read More...
  • Rhode Island Divorce - Bank Account Issues in Family Court!
    If you are going through a divorce in the Rhode Island Family Court system then the bank account(s) you have either jointly or individually with your spouse may be one of the first subjects that is addressed whether you like it or not. Both husbands and wives who are contemplating divorce from their spouse will generally have as one of their main concerns the bank accounts. This is for any number of reasons. The first reason is because it is likely to be the primary source of any immediately Read More...
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