It is actually easier to just file married filing separate; this way there is no additional paper to prepare. Therefore if and wne you have tax liability, the IRS and possible tax resolution firms will be able to handle the issue with more ease.
No, but there are two things you can do to ensure that your spouses debt remains separate. First you can always file married filing separate until the debt is cleared up. the second thing you can do is file married filing joint but file innocent spouse. Innocent spouse form is 8857.
You can go to this IRS website link for more information. See the page link, further down this page, listed under Related Links.
If you file MFJ then you will gain the tax credit for being married and filing the innocent spouse should waive your responsibility to your spouses tax debt.
To become credit card debt-free, one must pay off his/her credit cards completely. To become debt-free faster, making higher payments than simply the minimum to his/her credit card companies is beneficial.
The purpose of debt consolidation is to become debt free. One could merge all debts into one, and pay one monthly amount. This helps pay off all debt much quicker. Speak to someone at a financial institution about this option.
The short answer is NO. The fairness to women laws that came about in Ohio insured that debts coming into a marriage could not be laid on the feet of the person if they leave the marriage. Now, that said, the marriage agreement basically means that the debt collector may still come after BOTH until paid but the primary person who owned the debt keeps the debt. It will affect that person's credit score. It may damage you though if you BOTH attempt to buy a vehicle or acquire new debt together. They will merge your score and the other person's score and then come back with an average. If the best score ONLY goes to buy the car and secure the loan, the interest may be lower. BOTH can be on the title of the car if you get a loan with a BANK and not the CAR COMPANY. Same with a house to a point. The drawback is, if they use just the ONE best score and acquire the loan on that person, then the income of that one person is all that is considered when they try to determine how much debt that person can take-on to buy the car or house.
Debt.
Debt is a state of owing something (in this category the "something" would be money) to someone.
Yes, when you marry someone, the two people become one so any past debt becomes the responsibility of both people. Unless of course there is a prenuptial agreement in which each side has and keeps what they came into the marriage with.
Can do. Depends on many things, i.e terms of loan/type of debt, and country of residence best you take legal advice.
all federal debt from previous years.
To become credit card debt-free, one must pay off his/her credit cards completely. To become debt-free faster, making higher payments than simply the minimum to his/her credit card companies is beneficial.
no
He is still the father of the child, no matter who he is married to; so he has to pay up.If you marry him, you will also be liable. When you marry, you marry everything, including his bills! Check the credit card balance also! You would be surprised how many people marry some big debt there!
No. Only biological parents or adopting parents are responsible for the financial support of minor children.
The purpose of debt consolidation is to become debt free. One could merge all debts into one, and pay one monthly amount. This helps pay off all debt much quicker. Speak to someone at a financial institution about this option.
debt
a debt
Someone can obtain advice about eliminating debt by visiting any branch of bank or credit union and having a meeting with the debt lawyer. The debt lawyer can offer great advice and plans on how to remove debt.
national debt