Parent lives with me. A relative has removed ALL monies from parent bank-accounts, has POA on all bank-accounts. Relative auto-transfers monthly retirement-$$, Effectively parent has NO $$. Can I claim dependency?
The first thing I would do is contact Social Security and let them know your relative is doing this "auto transfer". That is a federal offense if your parents have not named them "Representative Payee", as Social Security does not recognize a POA. You do not say if your parents have dementia, so I cannot comment about what they can do. Please tell us.
yes if you can claim your parent on your taxes. Call IRS to confirm. I would notify Elder Abuse in your state and let them investigate the money transfers. I have moved money from one account to the another bank. When someone was not authorized to make withdrawals did so. But the money belongs to the person still.
Yes contact soc sec . Soc Sec will not talk to you if you not his payee. He needs to talk you can take him there. And if he gives permission sit in with interview If no money given pensioner this is same as stated above. VA pension check has not to do with soc sec.
You may need to contact Elder Affairs re Elder Abuse. check is used for pensioner then that is fraud and embezelment abuse of a vunerable person by poa. Note If parent lives with you apply for Longterm care Homebased Health Care through DCF. If collects VA Pension contact the VA
Cost of care is NO free ride and is very expensive and we don't know if that relative has been caring for your parent. Turbo-tax has information regarding claiming a parent as a dependent
Ferris, good comment. My nephew gets an annuity from my sisters government pension. Mom is payee and can no longer handle his money. I have his POA but I need a conservatorship (not sure of spelling) to transferto me. In my opinion, family member with POA stealing. Ur FIL has income. As caregiver you should have POA. Guardianship will override POA.
The VA pension is a tax free benefit, to claim caregiver costs against other income, there will need to be a caregiver contract/agreement. Or private pay via a home health company. If it is a private person with a caregiver agreement specific duties must be noted, and it would be best to pay thru some type of book keeper, issue 1099.
If it comes from his pension directly to you, then he is paying you for care, and it would be a deduction from his income--if it's more than the standard deduction. But you would have to pay taxes on it yourself, since it's effectively your income. I assume you'd have to list it under Other Income. Now, my advice is worth exactly what you've paid for it, so call the IRS and ask: 8AM-8PM M-F and be prepared to wait more than 1/2 hour!
If no money given pensioner this is same as stated above. VA pension check has not to do with soc sec.
You may need to contact Elder Affairs re Elder Abuse. check is used for pensioner then that is fraud and embezelment abuse of a vunerable person by poa.
Note If parent lives with you apply for Longterm care Homebased Health Care through DCF.
If collects VA Pension contact the VA
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