Thanks for asking your question! I'm sorry to hear about your tax
issue and I'm going to try my best to help you understand or resolve it.
Thank you for your question, and thanks for using JustAnswer.com. You are caring for your mother, and collecting $600 a week for doing so, if I understand you correctly.
Your income will be whatever was paid to you from your mother's account. Your expenses will be anything that you incur, from that money, to care for your mother. The improvements to your home, if minor, can be expensed. For example, if you spent $300 adding a rail in your bathroom and that's the only thing you did you could expense that $300. However, if you did a complete overhaul of your bathroom and it cost $10,000 you wouldn't expense that - you would depreciate it over the useful life of your home.
You will place this income on Schedule C
. You will pay both self employment and income taxes
on this money. The self employment taxes will help you qualify for social security and Medicare
later in life. You can review schedule C, HERE
As for records, you can keep copies of the checks that are paid to you from your mother. For expenses, keep receipts and bank statements.
Please let me know if any of this is unclear. Thanks for using JustAnswer.com and have a happy, and safe, New Years.
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You should be aware that your question, as with most tax questions, can never really be answered completely...addressing all the permutations; that is because of the many assumptions that have to be made I have done my best to determine what I think you are asking and answering it in the most direct and understandable manner possible. If, however, after reviewing the questions, you have any uncertainties or further questions, please do not hesitate to ask.