Author Topic: jersey care  (Read 171918 times)

Offline Fan of Dan

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Re: jersey care
« Reply #20 on: December 31, 2012, 10:13:15 PM »

Offline Fan of Dan

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Re: jersey care
« Reply #21 on: December 31, 2012, 10:14:30 PM »
Is it possible to set up a bank account under my father in law's name which I have joint control of? Similar to an account manager on a credit card? This way support will not legally be mine.

Offline elikay

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Re: jersey care
« Reply #22 on: December 31, 2012, 10:30:58 PM »
Is it possible to set up a bank account under my father in law's name which I have joint control of? Similar to an account manager on a credit card? This way support will not legally be mine.
Why don't you just have checks made out to rent etc..

Offline MarkS

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Re: jersey care
« Reply #23 on: December 31, 2012, 10:48:59 PM »
Why don't you just have checks made out to rent etc..
+1

It's an easy legitimate way to not count it as income.

Offline churnbabychurn

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Re: jersey care
« Reply #24 on: December 31, 2012, 10:54:49 PM »
Why don't you just have checks made out to rent etc..
Maybe he doesnt wanna drey the shver akop

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Re: jersey care
« Reply #25 on: December 31, 2012, 11:32:51 PM »
I already have an arrangment worked out with rent so that would not work.

Now the way we do it is that every month my shver transfers money into an account in which we are both joint on. This way I can use the money as I please. Now I am wondering if there is any way to drop my self yet still have access to writing checks etc.

Offline Saver2000

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Re: jersey care
« Reply #26 on: December 31, 2012, 11:37:57 PM »
@fan of dan
What's the problem?  Whst type of access do you need?

You can take yourself off the account and just use a debit card to get cash, and get a signature stamp for the checks.

Offline Fan of Dan

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Re: jersey care
« Reply #27 on: December 31, 2012, 11:42:49 PM »
@fan of dan
What's the problem?  Whst type of access do you need?

You can take yourself off the account and just use a debit card to get cash, and get a signature stamp for the checks.
I like the signature stamp idea! That should really help. Debit card to get cash would also work. I would like to have easy online access, although I guess I can make my shver a user id etc.

Would I be able to link the account to my credit cards for payments?

Offline churnbabychurn

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Re: jersey care
« Reply #28 on: January 01, 2013, 12:05:00 AM »
link your cc to the account maybe?

Offline churnbabychurn

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Re: jersey care
« Reply #29 on: January 01, 2013, 12:06:24 AM »
Sister.
sis is hard to explain. money from a spouse is not income though

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Re: jersey care
« Reply #30 on: January 01, 2013, 09:07:45 AM »
link your cc to the account maybe?
Well the question was if I can link someone else's account to my credit card. As the names will not much I wonder if it will work.

Offline churnbabychurn

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Re: jersey care
« Reply #31 on: January 01, 2013, 09:14:17 AM »
there is a difference btwn paying a cc from the bank website and paying a cc from the cc website.
try both.

Offline churnbabychurn

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Re: jersey care
« Reply #32 on: January 01, 2013, 09:17:03 AM »
I have a feeling that having a coorperation bank and /or AP accounts would help in avoiding having to explain stuff.
Does anyone have experience with this? Also are there Tax implications to setting up a coorp.?

Offline elikay

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Re: Re: jersey care
« Reply #33 on: January 02, 2013, 04:58:44 PM »
Also are there Tax implications to setting up a corp.?
You would need to keep books and unless you have an s corp,  may get double taxed.

Offline MarkS

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Re: Re: jersey care
« Reply #34 on: January 02, 2013, 05:56:18 PM »
I have a feeling that having a coorperation bank and /or AP accounts would help in avoiding having to explain stuff.
Does anyone have experience with this? Also are there Tax implications to setting up a coorp.?
Once you are lying to Jersey care and not reporting that you own a corporation, might as well just have 2 separate bank accounts and only report 1 and lie about the other 1.   #justsaying

Offline churnbabychurn

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Re: Re: jersey care
« Reply #35 on: January 02, 2013, 06:41:52 PM »
Once you are lying to Jersey care and not reporting that you own a corporation, might as well just have 2 separate bank accounts and only report 1 and lie about the other 1.   #justsaying
I was thinking of reporting that I own the cooperation but that I have little or no income from it.
Besides, they can (presumably) easily find any accounts under your name. {Though they never asked me about my other accounts...}

Offline churnbabychurn

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Re: Re: jersey care
« Reply #36 on: January 02, 2013, 06:44:28 PM »
You would need to keep books and unless you have an s corp,  may get double taxed.
We'r talking about a cooperation that I make no income from. The question is whether the coorp, which will also have minimal income will be taxed.

Offline churnbabychurn

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Re: jersey care
« Reply #37 on: January 02, 2013, 06:45:39 PM »
as in the type that will go on my personal returns.

Offline MarkS

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Re: jersey care
« Reply #38 on: January 02, 2013, 07:05:50 PM »
If it's a C Corp you will pay double tax. If it's an S Corp or LLC any income that it earns goes to you and it doesn't help you  any more than just earning the money without a Corp.

And if you have 10 bank accounts but only report one of them Jersey Care will only know about that one. Obviously that's illegal...

Offline churnbabychurn

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Re: jersey care
« Reply #39 on: January 02, 2013, 07:33:15 PM »
If its an S corp/LLC thing, on my tax return all i need to report is a profit. if its a loss I dint make extra income.
All I wanna do is the CC-AP-bank account, all under a LLC so its not a personal bank account that legally needs to be reported to Jersey care.