Three Dangerous Words at Tax Time

It’s one month from tax time. If you’re like most wives I know, you’ll let your husband consult with the accountant. You have too many other things to do, and besides, you’re not interested in all those forms.

Big mistake, because your signature is required to file the joint income tax return. Your signature means you read it, understood it and agreed with the information.

I used to be like that. My husband would say ‘Sign here, Honey’ and I’d sign. I trusted him. I thought he knew more about finances than I did. Turns out, the whole thing wasn’t rocket science. You just have to learn how to read the columns.

Your husband isn’t necessarily trying to hide things from you by taking the responsibility for it. Someone has to do it.

So ask him to explain what the numbers mean. If an accountant is doing your taxes, attend the meeting with your husband. Ask questions if you don’t understand something. Your accountant can explain things that your husband often doesn’t understand himself. Your husband might be relieved that you’re finally taking an interest in your marital finances.

“Sign here Honey” may be three little words which can hurt you if you are ever divorced or widowed.

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