High risk for those with joint accounts. The taxman has launched a barrage of checks. Who is taking a big risk?
New checks by the tax office. Some risk really a lot. Let’s read the details.
Tax authorities, checks on joint accounts start, who risks?
The controls of theRevenue Agency. Indeed, they have become embittered. In fact, in this last period, the go-ahead was given to Vera – Verification of Financial Reports -. The new and innovative algorithm in charge of matching taxpayers’ data and creating selective lists of those who are at risk of tax evasion.
Not only current accounts are monitored, but also financial and real estate data, payments with credit cards and electronic invoices. As for current accounts, which are the ones most at risk of checks, there are some expedients that I can protect those who own them, especially if it is a question of co-testified.
In fact the latter, although they have numerous advantages for members of the same familycan cause confusion and consequently problems with the taxman.
Why is there a risk with the joint account? Tax checks
The joint account allows the holders to withdraw and make payments freely. So it can easily happen that the person who paid the least amount of money then goes to use the money paid by the other person as well. For this reason it is necessary to establish a trust agreement between the two people, considering that the bank is not liable in the event that one of the two joint holders decide to withdraw the entire sum of the account.
What is at risk, in the worst situation, is that the entire current account will come kidnappedeven if only one of the two owners is carrying out the offense. The second solution to avoid being subjected to checks on the joint account is that of fulfill in a transparent way to all legal tax obligations. This means that the money earned, both from work and from other forms of income, must be declared each year in a precise way.
Finally, to ensure that each person is responsible only for their own declarations and sums deposited, withdrawn or paid, there is the possibility of separate the sums kept in a single current account jointly held in two separate accounts. To do this, simply open another current account, in the name of one of the two, and deposit half of the sums on the first account.
