My mother is 85 and lives in an assisted living community. It costs $5,500 a month. She has a pension of about $40,000 a year and a slowly dwindling IRA (about $5,000 left) so I pay the shortfall. She has no savings left. It all went to her care. I pay her Medicare bill and the bills for her house which I hope to fix up and rent.
Since taking over her care I’ve filed her taxes every year but this year I just don’t want to. It seems unfair that she always ends up getting about $685 in a federal return which I then end up paying to the state. Funny how it always works out like that. So I’m wondering what will happen if I just don’t bother? The woman is 85 and basically has nothing. She worked her entire life, always paid her taxes and now at the end she STILL has to file? I know the rules around this and how it came to be (thanks Ronald Reagan), but I’m wondering what’s the worst that could happen if I just don’t bother.