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Who are you caring for?
Which best describes their mobility?
How well are they maintaining their hygiene?
How are they managing their medications?
Does their living environment pose any safety concerns?
Fall risks, spoiled food, or other threats to wellbeing
Are they experiencing any memory loss?
Which best describes your loved one's social life?
Acknowledgment of Disclosures and Authorization
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington. Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services. APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid. We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour. APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment. You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints. Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights. APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.I agree that: A.I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information"). B.APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink. C.APFM may send all communications to me electronically via e-mail or by access to an APFM web site. D.If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records. E.This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year. F.You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
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Mostly Independent
Your loved one may not require home care or assisted living services at this time. However, continue to monitor their condition for changes and consider occasional in-home care services for help as needed.
Remember, this assessment is not a substitute for professional advice.
Share a few details and we will match you to trusted home care in your area:
I'd suggest a CPA just to be safe. It's income, but it could be handled differently than other income. Also, you may have deductions if you pay any expenses out of pocket. Much depends on the amount. Carol
What types of cares is she paying for out of that is the question? If it is medically related and needed then it can be itemized on your taxes under medical, if it is not concsidered needed then it probably cant be under medical.
If your father is paying you for his care, you should report the income as self-employment income. You can deduct expenses you incur in providing the service, such as food, supplies, and other expenses for her care. The income and expenses would be reported on Schedule C of your income tax return, and you will also need Schedule SE to pay self-employment tax on the net income.
So if my father-in-law uses his funds (pension and social security) to pay his son-in-law to come into his home to care for him during the day, the son-in-law must report the funds paid to him on his income tax return, correct?
Yes evahelene especially if it is more than 600$ annually. It sucks because self employement tax is high because it is your portion of social security and medicare. So in addition to paying self employment tax you pay income tax also. When I worked self employed I made like 10,000 my first year I paid 3500 in taxes. Good luck guys. And SDCinCA the expert Jon gave a very good and right on answer.
If your fatherinlaw is a veteran, which you already stated, He should file for aid an attendance through the local veterans office, it will can give him moren money in which to pay for services also he might be eligible for a caregiver depending on time of service, what his disability is etc. Contact your local Veterans office or ask for assistance at the local VA hospital. My mother had this benefit for years.
Wait a minute--if father pays, say, one fourth of mortgage each month as his fair share to live in home, does that count as INCOME to the daughter and son-in-law in whose name the mortgage is held???? And they're suddenly in business and have to pay income and SE taxes???? But then couldn't they deduct the entire amount of dad's payment because they are paying it all to the morgage company? What if they figure dad really gets MORE than 1/4th value of house by living there and not paying utilities etc, can they claim a LOSS on their Schedule C?
I know these posts are old, but isn't it true that when we receive "rent" or get paid for any work we do that we, as Americans, need to report that on our taxes? Where the "under the table" mentality gets you in trouble is when that person passes away and their finances are looked in to very closely.......all that money better be able to be accounted for. I wish that the teeny bit of money my MIL will be paying us every month could just go for groceries and that's that, but it will have to be reported as rental income. A whopping $300/month isn't much now, but considering the penalties down the road for not reporting it, it could cost us a fortune. As always, it is better to be honest.
Another idea when an adult child is providing 'in home care'. Why not treat the income as a 'monthly gift' from the aging parent since the IRS provides us with a 'lifetime gift tax exemption' over and above the annual $14,000 as of 2013. That amount was set on January 1st at $5,000,000 per person. Instead of the aging parent giving 1099 income to a helpful live in adult child, why not just say "Thank You" each month with a set monitary amount?
Parent lives with me. A relative has removed ALL monies from parent bank-accounts, has POA on all bank-accounts. Relative auto-transfers monthly retirement-$$, Effectively parent has NO $$. Can I claim dependency?
By proceeding, I agree that I understand the following disclosures:
I. How We Work in Washington.
Based on your preferences, we provide you with information about one or more of our contracted senior living providers ("Participating Communities") and provide your Senior Living Care Information to Participating Communities. The Participating Communities may contact you directly regarding their services.
APFM does not endorse or recommend any provider. It is your sole responsibility to select the appropriate care for yourself or your loved one. We work with both you and the Participating Communities in your search. We do not permit our Advisors to have an ownership interest in Participating Communities.
II. How We Are Paid.
We do not charge you any fee – we are paid by the Participating Communities. Some Participating Communities pay us a percentage of the first month's standard rate for the rent and care services you select. We invoice these fees after the senior moves in.
III. When We Tour.
APFM tours certain Participating Communities in Washington (typically more in metropolitan areas than in rural areas.) During the 12 month period prior to December 31, 2017, we toured 86.2% of Participating Communities with capacity for 20 or more residents.
IV. No Obligation or Commitment.
You have no obligation to use or to continue to use our services. Because you pay no fee to us, you will never need to ask for a refund.
V. Complaints.
Please contact our Family Feedback Line at (866) 584-7340 or ConsumerFeedback@aplaceformom.com to report any complaint. Consumers have many avenues to address a dispute with any referral service company, including the right to file a complaint with the Attorney General's office at: Consumer Protection Division, 800 5th Avenue, Ste. 2000, Seattle, 98104 or 800-551-4636.
VI. No Waiver of Your Rights.
APFM does not (and may not) require or even ask consumers seeking senior housing or care services in Washington State to sign waivers of liability for losses of personal property or injury or to sign waivers of any rights established under law.
I agree that:
A.
I authorize A Place For Mom ("APFM") to collect certain personal and contact detail information, as well as relevant health care information about me or from me about the senior family member or relative I am assisting ("Senior Living Care Information").
B.
APFM may provide information to me electronically. My electronic signature on agreements and documents has the same effect as if I signed them in ink.
C.
APFM may send all communications to me electronically via e-mail or by access to an APFM web site.
D.
If I want a paper copy, I can print a copy of the Disclosures or download the Disclosures for my records.
E.
This E-Sign Acknowledgement and Authorization applies to these Disclosures and all future Disclosures related to APFM's services, unless I revoke my authorization. You may revoke this authorization in writing at any time (except where we have already disclosed information before receiving your revocation.) This authorization will expire after one year.
F.
You consent to APFM's reaching out to you using a phone system than can auto-dial numbers (we miss rotary phones, too!), but this consent is not required to use our service.
Carol
I wish that the teeny bit of money my MIL will be paying us every month could just go for groceries and that's that, but it will have to be reported as rental income. A whopping $300/month isn't much now, but considering the penalties down the road for not reporting it, it could cost us a fortune.
As always, it is better to be honest.