If I have 2 checking accounts with my daughter, can the IRS take money out of them if it is going after my daughter?
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If I have 2 checking accounts with my daughter, can the IRS take money out of them if it is going after my daughter?
Asked on June 11, 2012 under Bankruptcy Law, Idaho
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
Absolutely, the IRS can garnish or freeze any asset like a bank account if it has the name of the person who owes the money on that account as the account holder or joint-holder. You need to open your own bank account and not include your daughter so that your wages are not mistakingly garnished for no apparent reason.
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