R
Ruthie
Guest
I am on Social Security Disabilty. I am unable to have access to more than 2,000.00 at any time. My problem is I have a group that needs to start an account to save for 15,000.00. How can I set the account up without it causing my problems with my SSI?
I have heard about getting an EIN to give the group a Tax ID number and guess we need to fill out some form from the state that will help us decide which tax form to fill out once we get more than a 100.00 in interest on the account. Is there a way for me to set the account up and do all the paperwork, deposit the money,etc without having this group effect my personal situation? Since the group has its own name(something like a fan club but not)shouldn't that prevent problems for me? I really need to do this and I am praying there is a way.
Thanks,
Ruthie
I have heard about getting an EIN to give the group a Tax ID number and guess we need to fill out some form from the state that will help us decide which tax form to fill out once we get more than a 100.00 in interest on the account. Is there a way for me to set the account up and do all the paperwork, deposit the money,etc without having this group effect my personal situation? Since the group has its own name(something like a fan club but not)shouldn't that prevent problems for me? I really need to do this and I am praying there is a way.
Thanks,
Ruthie