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I need somebody who can help me with my mother’s estate

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I need somebody who can help me with my mother’s estate question
Submitted: 2 months ago.Category: Tax
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Answered in 2 minutes by:
5/29/2018
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 2 months ago
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional
Category: Tax
Satisfied Customers: 2,751
Experience: IRS Licensed Enrolled Agent, CDFA ® CFP ®, MBA
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Hello!

My name is***** will assist you today with your estate question.

What is your specific question?

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Customer reply replied 2 months ago
Hi chad, I have an issue with figuring out my mother’s finances related to myself. I work for her and she pays me. She is completely debilitated mentally and physically. I am worried that I am breaking the law somehow. I’m not sure this is the right professional.
Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 2 months ago

Your question is a tax question, not really an estate question. As a licensed Enrolled Agent by the IRS I am able to assist you.

___

Special rules apply to workers who perform in-home services for elderly or disabled individuals.

When the caregiver employee is a family member, the employer generally will not owe employment taxes even though the employer needs to report the caregiver's compensation on a Form W-2.

If you are not an employee as a caregiver, you will still report the compensation you receive as income on your 1040 and you may be subject to self employment tax, depending on the specific facts.

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Tax Professional: Chad EA, CDFA®, CFP®, CERTIFIED FINANCIAL PLANNER ®, Professional replied 2 months ago

Please let me know your follow up questions.

Thank you

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