In short....it depends. If it was a joint return, then yes. If it was a separate return or a return that was filed before you were married, then no. However, if you live in a state with Community Property laws, then the taxing agency may be able to attach her assets to pay the debt. Community Property States are AZ, CA, ID, LA, NV, NM, TX, WA, WI
In many cases, a spouse is not automatically liable for the other spouse's tax debt. However, if you file taxes jointly, both spouses can be held jointly and severally liable for the entire tax bill. It is recommended to consult with a tax professional to understand your specific situation.
In Colorado, an LLC member's liability for the LLC's debts is generally limited to the amount of their investment in the LLC, unless they personally guarantee the debt or engage in wrongful or fraudulent acts. Members are not usually personally liable for the LLC's debts in Colorado.
To be liable for something means to be legally responsible or accountable for it. This could involve being responsible for a debt, an injury caused by negligence, or any other legal obligation. Being liable can lead to legal consequences if the responsibility is not met.
Solidary obligation can be classified as either joint or several. In a joint obligation, each debtor is liable for the entire obligation, whereas in a several obligation, each debtor is only liable for their portion of the debt.
Yes, both spouses can be held liable for medical bills incurred during the marriage even if only one spouse incurred the bills. In community property states, debts incurred during the marriage are typically considered joint debts, regardless of income sources. It's recommended to consult with a legal professional for personalized advice based on the specific circumstances.
Yes, the second person on a credit card is usually equally responsible for the debt incurred on the account. Both primary and secondary cardholders are legally obligated to repay any charges made on the card, regardless of who made the purchases.
Normally the spouse is held liable for the debt. The presumption is that they benefited by the goods and services.
no
Not unless she is liable for the debt by another rule of law; e.g., she is a signatory on the debt or the debt is one for "necessaries." However, the decedent's nonexempt assets still are liable for the debts.
If ex-wife owes half of IRS and now files for bankruptcy, spouse may be liable to pay his portion if the debt was is a joint account. Otherwise, spouse will not be held liable for any portion thereof.
Unfortunately yes. Communal debt and communal assets.
You will be responsible for the whole debt since you are the only one capable of paying the debt after your wife's bankruptcy.
Yes, the tax for carries both names, but you sue for the debt.
No, I don't think you would ever be responsible for their taxes. You may be liable for their debt though... agreeably a different matter.
can the executor be liable for estate tax
The law on this point is very clear , you are not liable for your husbands tax blunders made before the marriage, in fact even if he has taken a loan you need not pay for it also. You will come in the picture only when you are legally married to him.
No you are not, If you deglared bankruptcy, that cancels your debt
No. Only the person who co-signed is responsible. Even in a community property state that debt would not be a marital debt. However, if the primary borrower defaults you wife will have to pay the balance and that, of course, may affect you.