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zoom5203 Asked April 2018

Will the IRS come after me on taxes if my name is on my mothers account?

GardenArtist Apr 2018
What kind of account is it that you anticipate taxes would be owed? Is it an investment account? And how is the account titled? Jointly? With rights of survivorship?

jjariz Apr 2018
Who's social security number is on the account? That's what matters.

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freqflyer Apr 2018
Zoom, chances are your Mom is the primary holder of said account thus it is her social security number to ID the account..... for IRS she would get a statement showing how much interest she had earned.

JoAnn29 Apr 2018
I would say no. Do you share the account or just on there for convenience? Mom owes taxes this year? She can't pay them? Did she have a tax preparer? If so, ask him if a payment plan can be set up with IRS.

The next question would be, why does Mom owe? Depending on income, SS isn't always taxed. Are taxes taken from her pension? Does she now have to pay taxes on IRAs?

Caretaker13 Apr 2018
I hope some of the folks here have some insight to this important question...

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