This is about my 88 yr old Aunt .I became my Aunt's DPOA & Caregiver about 4 months ago.She lives in her own home.She owns her home.She pays her county tax on her home once a yr.
Elderly filing taxes is new to me to hear.I thought after you start recieving SS Benifits there's no need to file taxes on Goverment Benifits.My Aunt has Dementia and I'm new being a POA and caregiver.Does my Aunt need to file Fedral taxes?
My Aunt only gets $1380.00 per month SS.She has about $50,000 in her bank savings and she's on Medicare."NO Medicaid".
She pays $360 per month for Medicare Medical Part B plan
$350 per month for utilities as Electric/gas,At&T ect.
$300 every six months for car insurance.
$200 per month on Grocerys.Not including any other happy over spending she does.As you can see ,She exceeds what she makes per month from her SS check.She gets $1380.00 per month from SS binifits.But,pays over $1900 permonth in bills.She exceeds her monthly benifit checks per month by $500 that requires her to take from her savings to reach.
I opologize for all the numbers but,I think it's best to let you all know what she makes and spends in order for you to help answer my questions.
So,above is what she makes with her SS and what she spends.
In the past month I noticed she's getting these 1099 tax papers in the mail.
One 1099 is from her bank stating bank interest for the year that isn't very much like $50.00
Another 1099 is from Medicare.Does she need to file taxes on these 1099's?
I asked my Aunt if she filed taxes last yr and she told me she don't remember because,of her dementia.
I know nothing about taxes to file her taxes.H& R Block does my taxes each yr.
Getting my Aunt out and about is very hard to do for me.What do I do about these 1099s?Does she need to file taxes?
I thought about placing all the 1099s in a envelope with a letter stating to the IRS Please,do my taxes because,I don't know how to do it with my Aunt's signature and mailing it to the IRS.