Jump to content
Inky

Tax document from the bank in wrong name?

 Share

6 posts in this topic

Recommended Posts

Filed: Citizen (apr) Country: Canada
Timeline

I looked at most the other spots to post this but none of them really " fit " move it if it needs to be moved

Coming from Canada I brought money with me in my name.

My husband and I have a joint account at our bank in both names. I put the money into the bank.. in MY name in a certificate. There is a box ticked that says if I die, the certificate then transfers to him.

This certificate gained interest.

Today we got a 1099 from the bank.. in HIS Name and HIS SSN. Not mine, even tho all documentation for this money and certificate is in my name.

Does this matter for tax purposes? I figured it would come in my name and under my ssn because its my money and in my name. Do we need to go to the bank and get this fixed to be under my name and ssn? the money went back into another certificate Jan 18th in my name again. So next year it will likely show up as his name AGAIN.

On the bottom of the paper in tiny tiny print it says :: " A husband or wife is not required to file a nominee return to show amounts owned by the other. "

Yet they put the 1099 interest in his name when its mine and in my name?

I guess i'm just pissed they are footing it to him when it is my interest income and not his.

Does this matter? should we get this fixed or can it even be fixed?

-------------------------------------------- as1cE-a0g410010MjgybHN8MDA5Njk4c3xNYXJyaWVkIGZvcg.gif

Your I-129f was approved in 5 days from your NOA1 date.

Your interview took 67 days from your I-129F NOA1 date.

AOS was approved in 2 months and 8 days without interview.

ROC was approved in 3 months and 2 days without interview.

I am a Citizen of the United States of America. 04/16/13

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Canada
Timeline

are you asking for us tax returns purposes, i assume?

if you're filing joint - it doesn't matter. your return will be one in the same..

Yes we are filing joint but should it not be under my name and ssn as my interest income? Because my husband does not use the money nor does it come in his name it comes in mine.

-------------------------------------------- as1cE-a0g410010MjgybHN8MDA5Njk4c3xNYXJyaWVkIGZvcg.gif

Your I-129f was approved in 5 days from your NOA1 date.

Your interview took 67 days from your I-129F NOA1 date.

AOS was approved in 2 months and 8 days without interview.

ROC was approved in 3 months and 2 days without interview.

I am a Citizen of the United States of America. 04/16/13

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Canada
Timeline

I think you should go bacl to the bank and ask them to make the correction, it is their error.

For tax purposes in the end it may not matter too much since you're filing jointly, but the IRS should probably know it's your cert under your name in case there are any implications later. What is next year the bank sends it in your name and not his - i would think he would have some explaining to do about where 'his' sol called money went.

Best to correct.

Wiz(USC) and Udella(Cdn & USC!)

Naturalization

02/22/11 - Filed

02/28/11 - NOA

03/28/11 - FP

06/17/11 - status change - scheduled for interview

06/20?/11 - received physical interview letter

07/13/11 - Interview in Fairfax,VA - easiest 10 minutes of my life

07/19/11 - Oath ceremony in Fairfax, VA

******************

Removal of Conditions

12/1/09 - received at VSC

12/2/09 - NOA's for self and daughter

01/12/10 - Biometrics completed

03/15/10 - 10 Green Card Received - self and daughter

******************

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Canada
Timeline

I think you should go bacl to the bank and ask them to make the correction, it is their error.

For tax purposes in the end it may not matter too much since you're filing jointly, but the IRS should probably know it's your cert under your name in case there are any implications later. What is next year the bank sends it in your name and not his - i would think he would have some explaining to do about where 'his' sol called money went.

Best to correct.

Thanks I figured as much.

-------------------------------------------- as1cE-a0g410010MjgybHN8MDA5Njk4c3xNYXJyaWVkIGZvcg.gif

Your I-129f was approved in 5 days from your NOA1 date.

Your interview took 67 days from your I-129F NOA1 date.

AOS was approved in 2 months and 8 days without interview.

ROC was approved in 3 months and 2 days without interview.

I am a Citizen of the United States of America. 04/16/13

Link to comment
Share on other sites

Filed: Citizen (apr) Country: Canada
Timeline

You need to get the certificate corrected so it shows your name. We have certificates and IRAs in each of our names with the other listed as the beneficiary (I know you don't need to list a spouse but we did so we could use them as documentation for the Removal of Conditions application as evidence of the validity of our marriage) and the appropriate statements come addressed correctly either to me or to my husband. There may be a time where you need to have access to money that is not encumbered by an estate or property rights, especially as this is money you brought with you into the marriage. Any income you earn would be declared on your income tax if it is not considered deferred income. If you file jointly, then it would be included on your joint return; if you filed individually, then you would include it on your return..

“...Isn't it splendid to think of all the things there are to find out about? It just makes me feel glad to be alive--it's such an interesting world. It wouldn't be half so interesting if we knew all about everything, would it? There'd be no scope for imagination then, would there?”

. Lucy Maude Montgomery, Anne of Green Gables

5892822976_477b1a77f7_z.jpg

Another Member of the VJ Fluffy Kitty Posse!

Link to comment
Share on other sites

 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...