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Lev
Lev, Tax Advisor
Category: Tax
Satisfied Customers: 28084
Experience:  Taxes, Immigration, Labor Relations
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My sister had POA for my mothers estate, but my mother was

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My sister had POA for my mother's estate, but my mother was never dedlared incompitant. She took $50,000 of mother's money for down payment on a house, none of her brother;s or sister were told about this. Also after my Mother died there was $250,000 to $300,000 unaccounted for. From what I've read She may have commited crimes, especially with the IRS. Can I inform the IRS? How do I inform tha IRS?

LEV :

Hi and welcome to Just Answer!
Your mother had rights to appoint POA. Any person may appoint another by signing a form POA.
Specifically for tax issues - following form should be used - www.irs.gov/pub/irs-pdf/f2848.pdf‎
The POA is required to act in the best interest of the person who appointed her - in your case in teh best interest of your mother.
Based on your information - your sister simply stole the money - and if that is correct - you need to file a report to the local police. The investigator will be assigned - and if she committed a crime - the case will go to the court. If the court confirms the crime - the information will be sent to the IRS - and she will be required to include into her income the stolen amount - and will owe additional taxes on that income.

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