Can i get into trouble with IRS if i keep using my credit cards and paying them with my mother's bank account?

Question

its not a fraud my mom knows it she asks me to use it

Answer 1

if you are commiting fraud, you will go to jail for a very long time.

if your mother is paying your credit card bills, you need to grow the h**l up

Answer 2

No but you can get in trouble with your Mother and the law if she decides to press charges. Grow up and get a job.

Answer 3

If you are commiting fraud you would get in trouble with the FBI.

Then no-as long as your mother knows and is okay with it then it doesn't matter. They don't care who pays it as long as it's paid. The IRS is only concerned with your income.  There is no law saying someone can't pay a credit card for you.

Answer 4

With your mom's permission, these are GIFTs to you.

If the total gifts for the year are $12,000 or more, your mother (not you) has to file a gift tax form.  This is form 709.  The amount over $12,000 is a taxable gift, but she doesn't start paying taxes until she gets to $1Million in gifts.

Answer 5

depends.  does your mom sign the checks and know what you are doing?  your mom can pay your bills if SHE wants to, otherwise it's forgery and you can serve either state or federal time (because the bank is FDIC).

Answer 6

As long as the credit card bills are getting paid, then that's all they care about...they don't care who pays it.  So, no.

Answer 7

If your commiting fraud then 5 years -6years jail.

Answer 8

You can if you are using your mother's bank account without repaying her.  If you aren't paying her back, $1 for $1 then it can be considered as gifts or income.  If it is considered gifts or income then you have to report it.  If you aren't paying her back and you aren't reporting the payments as income then you are defrauding the IRS.

Answer 9

she's right i would stop if i where you

Answer 10

The IRS deals with tax problems not your personal finances and how you pay your bills.