QUESTION
Will I be responsible of my parents debt since I still live with them?
Asked on Feb 19th, 2013 on Taxation - California
More details to this question:
I filed 2012 taxes and still live with my parents. They owe back taxes from 2009 on. Will I be responsible for any of their debt since I still live with them?
5 ANSWERS
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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No, you and they are separate, unless you made a commitment in the past.
Answered on Feb 21st, 2013 at 2:45 AM
Chapter 7 Bankruptcy Attorney serving Lisle, IL
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Mankus & Marchan, Ltd.
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You are not responsible for the income tax debt of your parents even though you live with them.
Answered on Feb 21st, 2013 at 1:37 AM
You will not be responsible for any taxes owed by your parents.
Answered on Feb 21st, 2013 at 12:48 AM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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You will not be responsible for your parents' debts unless you co-signed or agreed in writing to be responsible.
Answered on Feb 21st, 2013 at 12:31 AM
Elder Law Attorney serving Hollister, CA
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Charles R. Perry
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No, you do not become liable for any part of your parents' debt simply because you live with them.
Answered on Feb 21st, 2013 at 12:09 AM