US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

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The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.

Quixzlizx: Jan 7, 2007

If two non-married people create a joint brokerage account and always deposit/withdraw the same amount of money at the same time into/from the account, would the IRS consider both people to have half the beneficial ownership of the account, and split the tax liability 50/50 between the two? Would this eliminate any worries about gift taxes when money is withdrawn?

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Quixzlizx: Jan 7, 2007

AnonymousNarcotics posted:

Nothing has changed circumstance wise since I started at this job in 2018 except for annual raises and occasional promotions. (ie my income has gone up each year, which is expected).

However, I somehow end up owing taxes each year which means they're not withholding enough. All I want to figure out is how to not owe taxes next year 😭

Do you have any other sources of income, like interest from a savings account? Because your W-4 isn't going to take those into account.

# ¿ Apr 15, 2024 17:55

The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > US Income Tax Thread: Bank error in your favor! GO DIRECTLY TO JAIL.