i really love my man of 11 years and we always wanted to get married but i always pushed things back because i am worried what it will do to me financially to take his name.
as i see, marriage joins u in more than 1 way and i dont agree. my credit is currently being repaired and he can care less what his credit is like and is not good at paying things on time. we have always maintained our own money and bills and that works fine for us but how can i marry this man out of love without getting stuck with all his back bills and wage garnishments and completely destroying my tax return??
is there any possible way? i'll love him til death but i will have to kill him if he messes up what i have been working for the past 3 years....
anyone who says its not about money doesnt have a clue what i have seen. unfortunately, its not only about love and thats my issue.
#2-do we have to file taxes together?
2007-12-07 06:48:21 · 10 answers · asked by badbitty101 2 in Business & Finance ➔ Taxes ➔ United States
I am not sure about #1.....I would think it will have an effect once you take his last name, but I don't think that your credit score will be affected by his unless you buy things on credit or have your credit ran together as a married couple. I would definitely look into this more with a financial advisor or a credit repair company and see what they recommend that you can do.....Advice should not cost you anything.....Check through the internet.
For #2, you do NOT have to file jointly on your taxes if you are married. There is a section where you can select to file separately!
Good luck on getting advice professionally and I hope you are able to make a decision on what to do.
2007-12-07 07:01:48 · answer #1 · answered by TLC♥1981 3 · 0⤊ 0⤋
I would say that you are in a pickle. You don't have to file taxes together but often you get a better tax break being married but not always. Keep your money dealing separate like you do now and tell him that his is his and yours is yours no matter what the preacher says. It really seems that it will be difficult since you know you will have money problem from the start. Money problems are what breaks up many many marriages. Good luck on whatever choice you make.
2007-12-07 07:00:49 · answer #2 · answered by . 6 · 1⤊ 0⤋
The general rule of thumb is "Never marry someone with tax issues".
If you get married, you will have two choices for filing options:
1) Married - Filing Jointly
2) Married - Filing Separately
Filing Jointly usually gives you a lower tax liability but, in your situation, Filing Separately would be the way to go.
2007-12-07 06:58:50 · answer #3 · answered by Wayne Z 7 · 1⤊ 0⤋
Number 2 is alot easier than number 1. You do not have to file jointly, you can instead file separately. Unfortunately, MFS is a disadvantageous way to file for the vast majority of married couples.
For question 1, I have had several clients over the years who were in your circumstances. They did marry, and the responsible party (in each case the wife) was able to keep their finances separate for the most part. It was, however, difficult.
I do not practice in a community property state, but I understand your situation could be more difficult if you live in one. In any event, prior to a wedding I would recommend that you speak to a local attorney for advice on how to keep things financially separate.
2007-12-07 07:07:23 · answer #4 · answered by taxreff 7 · 1⤊ 0⤋
No matter what you do, as long as he has a pot-full of bills it is going to be a albatross around your neck. He may be a good candidate to file bankruptcy before you say I do. If he owes taxes and can't pay them, he may be a candidate for an offer in compromise. The two of you should do two things:
1. Have a consultation with an insolvency attorney about how to proceed.
2. You seem to have some other issues and need to get premarital counseling before taking the big step. If you wanted to get married in my church, this is mandatory for all couples for very good reasons.
2007-12-07 11:53:34 · answer #5 · answered by Anonymous · 1⤊ 0⤋
I am in a similar boat. I have very bad credit at this time and am trying to fix that and my boyfriend has great credit- hardly any debt at all. He won't marry me because once we get married my problems become his problems and I don't blame him- he has worked really hard to be where he is and I wouldn't want to be responsible for his downfall so until I get rid of some of my debt will are not going to get married.
regarding the taxes- do not know if you have to file together if you are married? sorry.
2007-12-07 06:58:35 · answer #6 · answered by Shar 3 · 0⤊ 0⤋
Marriage is about taking the good AND the bad... If you're not willing to do that, don't get married... However, he has shown you a taste of what life with him is going to be like... your goals are different... What happens when you want to buy a house? (You CAN take title as "sole and separate property", but...) IF you marry, #1 don't take his name, keep yours... and #2 file taxes as "married filing separately"... Things have worked out well for you for the last 11 years, why change it now?
2007-12-07 07:01:06 · answer #7 · answered by Anonymous · 1⤊ 0⤋
No you don't have to file together according to my tax man! You can file separately thank goodness!! Good luck with your decision!
2007-12-07 06:57:07 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I beleive in destiny but I still think you have to fight to save your marriage. Especially if you have children.
This ebook is a good resource to understand causes of your marital issues and to learn some important tips --> http://savemarriage.toptips.org
2014-09-26 03:30:10 · answer #9 · answered by Anonymous · 0⤊ 0⤋
Stay un-married - you WILL have to file together. His debt will become your debt
2007-12-07 06:56:37 · answer #10 · answered by gaiagurl 4 · 0⤊ 0⤋