Defaulted loan and tax return?
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No. As long as you keep your finanances separate and file separately, it's enough evidence for the IRS to recognize that although you are married, you're not responsible for eachother financially. Keep everything simple and stay away from opening joint accounts. If you do, make sure you add a statement in your tax return explaining how much of this liability is your responsibility or how much of it is just a nominee portion. I don't know who your lender is, but I sense that it's Governement subsidized. The government has the right to pursue your husband once your assets are exhausted.
Good luck.
Defaulted loan and tax return?No one can predict what the IRS will do..they may, in fact, try to attach your husband's refund. If this happens you would simply file an "injured spouse" appeal with the IRS to get the refund back.
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