NEWSLETTER
Find Senior Care (City or Zip)
✕
ASK A QUESTION
FIND CARE
FIND IN-HOME CARE
FIND ASSISTED LIVING
CARE GUIDES
CAREGIVING TOPICS
Join Now
Log In
Close the sidebar
Caregiver Forum
|
Taxes
|
Questions
S
Samilynn
Asked January 2014
I am caring for a friends dad, do I have to claim rent he pays and money he pays me since he is living in my home?
Taxes
1
Answer
Most
Helpful
Newest
First
Oldest
First
P
pamstegma
Jan 2014
The IRS would tell you yes, declare it, fill out the forms and pay the taxes. A tax consultant would tell you the same thing. They would also want dad to setup payroll taxes and quarterly withholding submittals for your personal caregiving.
Helpful Answer (
0
)
ADVERTISEMENT
Recent Questions
How do I get information from Social Security for my father who has mild dementia? I have been commissioned as his guardian.
Does anyone keep track of their time and expenses incurred during caregiving?
Has anyone had experience with paying a caregiver, and taking out the taxes?
Popular Questions
How do you file income taxes for a deceased parent?
I am employing a caregiver to give 24/7 care for my sister. Is a 1099 the only tax form I will need?
What percentage of non-family live-in caregivers work without written contracts? Is it common?
Related Questions
Advice on getting a tax id number to report earning for taking care of my grandmother?
My Mom has dementia, I caregive for her and get paid 60,000 a year from her estate. Do I pay self employment taxes?
Is the rent paid to an ALF tax deductible on income taxes?
Can the assisted living costs be deducted on income taxes?
Ask a Question
Ask a Question
Post Question
Subscribe to
Our
Newsletter
Enter Your Email
Sign Up
1 Answer
Helpful Newest
First Oldest
First