Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10.2 9/18/84; site ucla-cs.ARPA
Path: utzoo!linus!philabs!prls!amdimage!amdcad!decwrl!decvax!tektronix!hplabs!sdcrdcf!trwrb!trwrba!cepu!ucla-cs!brett
From: brett@ucla-cs.UUCP
Newsgroups: net.invest,net.taxes
Subject: Joint accounts
Message-ID: <6504@ucla-cs.ARPA>
Date: Mon, 5-Aug-85 21:41:07 EDT
Article-I.D.: ucla-cs.6504
Posted: Mon Aug  5 21:41:07 1985
Date-Received: Mon, 12-Aug-85 21:22:14 EDT
Organization: UCLA Computer Science Department
Lines: 22
Xref: linus net.invest:714 net.taxes:779

According to Money magazine:

"You may be the most conscientious taxpayer in the country, 
but if you share a bank account with someone who owes the IRS,
watch out.  The Supreme Court recently ruled that the IRS
can seize the assets in a joint bank account even if only
one of the depositors hasn't paid his taxes.  The
ruling doesnt change anything for married couples
who file jointly; their accounts have always been
fair game.  But you may want to reconsider accounts
with roomates or in-laws."
-- 
Brett Fleisch
University of California Los Angeles
3804-f Boelter Hall
Los Angeles, CA 90024
Phone: (213) 825-2756, (213) 474-5317 

brett@ucla-cs.ARPA or
soon to be:  brett@LOCUS.UCLA.EDU
{...sdcrdcf, ihnp4, trwspp, ucbvax}!ucla-cs!brett
-------------------------------------------------------------------------