Dear IRS: That Income? It’s Not Mine

Ever share income with another person not on an account?  This article by Robert W. Wood in Forbes goes into the issues and problems:

http://www.forbes.com/sites/robertwood/2013/07/29/dear-irs-that-income-its-not-mine/

Make sure you document everything if you do something like this or it can be a real problem with the IRS and your state taxing authority.

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