We filed joint taxes. We didn't qualify for electronic deposits. He was out of town when the tax center recieved the check. So I picked it up without him.
2007-02-13 12:13:29 · 10 answers · asked by carol p 1 in Business & Finance ➔ Taxes ➔ United States
Yes.
2007-02-13 12:16:36 · answer #1 · answered by ~Christine~ 3 · 0⤊ 1⤋
With 50-60 income per pay, they probably wouldn't withhold anything no matter what he had on his W-4 unless he requested them to withhold a specific amount, so the change going into effect won't show or do anything. His tips are taxable income also, and he should be reporting them to his employer and they should be taking out tax for the tips also, so there likely would be tax taken out. Not having tax taken out will hurt your refund substantially unless you illegally don't put them on your tax return either. In that case, he'll be in serious trouble when he gets caught. If this is a second job for him, then the exempt will have a negative effect on your refund, and you might end up owing instead of getting a refund. Without knowing a lot more, including your total joint income from all jobs either of you had this year and amount withheld from each for federal income tax, no way to tell the amounts, or whether you'll owe or not.
2016-05-24 07:15:57 · answer #2 · answered by ? 4 · 0⤊ 0⤋
If the check is actually from the US Government, then you would be able to deposit without his signature if he is on the account with you (your bank would have a credit stamp for this purpose). If it is a check from a local tax preparation center, then it most likely has a contract printed on the back of it. Checks like this actually have to be signed by each person whose name is listed on the front of the check. Having a signature missing will force the bank to decline the check.
2007-02-13 12:44:43 · answer #3 · answered by CynthiaMac 2 · 0⤊ 0⤋
Banks differ in their policies. It's supposed to have both signatures, but some banks want both people there to make the deposit. My bank will accept the deposit into a joint account if only one person is there, but told me that the IRS requires both signatures.
2007-02-13 13:44:17 · answer #4 · answered by Judy 7 · 0⤊ 0⤋
Both of your names appears on the check. If you are depositing the check into an account that is in both of your names, just one signature is really necessary. The bank will deposit the check into your account.
2007-02-13 12:17:56 · answer #5 · answered by jseah114 6 · 0⤊ 1⤋
If the check is under both of your names then both of you are required to sign unless you have some type of comprehension with the bank or whomever your cashing your check with.
I suggest for both of you to sign it since both of your names appear on your tax return legally the check is both of yours Just to be on the safe side it will be better to that. That way your check won't bounce stating that both of you signatures are required. GOOD LUCK!!!!!!!!
2007-02-13 12:29:23 · answer #6 · answered by friendlydidly 2 · 0⤊ 0⤋
Technically, yes, you both have to endorse it. However, if you're depositing it into a joint account with both your names on the account, you can sign his name and deposit it into the joint account.
2007-02-13 12:20:08 · answer #7 · answered by cjones1303 4 · 0⤊ 1⤋
Probably. If the check is made out to "John Smith and Jennie Smith," it must have both endorsements.
2007-02-13 12:17:24 · answer #8 · answered by thylawyer 7 · 1⤊ 1⤋
yes, you are supposed to both sign it. As it is made out.
2007-02-13 12:21:54 · answer #9 · answered by Barbiq 6 · 0⤊ 1⤋
Yep. My bank wouldn't even let me just DEPOSIT it without him being there.
2007-02-13 12:17:46 · answer #10 · answered by heatherbee 3 · 1⤊ 1⤋