Submitted by ofmiceandmermaids t3_z8xe89 in personalfinance
Triscuitmeniscus t1_iyf0ypv wrote
Reply to comment by ofmiceandmermaids in Paying taxes as a tattoo artist by ofmiceandmermaids
At least you two have the sense to sit down and have these conversations early on in your engagement and fix them. You wouldn't believe how many people post on here blindsided by their spouses horrible financial situation after 10 years of marriage.
Opening an account and getting him banked will be huge. From his perspective it shouldn't change much: he can still pay with cash, it will just come from a bank card instead of a Venmo card. And the good news about having no record of his income is... there's no record of his income. As long as he pays what he owes from here on out and follows a tax professional's advise he should be fine. The IRS isn't going to start investigating how much people paid for their tattoos any time soon.
ofmiceandmermaids OP t1_iyf1ph8 wrote
Honestly that makes me feel a lot better so thank you. And we will be getting him a bank account as soon as he gets back from his convention. I've been researching the local banks and credit unions so I have it narrowed down. I really want him to be able to see how much he actually spends because it's ridiculous what he can blow through without even realizing it. But I told him this was a conversation that we needed to have and take seriously if we are going to have a future. But I'll be researching professionals too.
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