So... I have a joint account with my mother, I am a US citizen and she is not nor does she live in the US. This is her money. She is soon to sell her house back home and wants to wire the funds to this account. Again, this is her money BUT my name is on the account as well. Question is.... am I responsible for the funds on that account as well as the taxes? I do get the W9 every year since my SS# is registered on the account. Also, she does file her W8 yearly.
Any ideas would be appreciated!
