How to avoid being taxed on parents money as POA
My 96 y.o. mother lives in another state and her bank has no branches in mine. I have had to open an account in my name to handle her bills for assisted living and all else. She is not competent to deal with finances. What do I have to do to avoid having the IRS consider her money as my income?
Status: Open Oct 05, 2016 - 10:28 AM