How Will Medicaid Treat My Mother's Repayment of a Debt to Me?
Many years ago my mother borrowed money from me – a couple times. She kept notes of what she borrowed. I also helped...
Read moreThere is the strict reading of the law and what you can “get away with.” You are being paid for a service you are providing, which is the essence of employment. You must report earned income on your tax return. It is hard to argue it is a gift. This is also consistent with seeking reimbursement from the long-term care insurance company. That said, it’s doubtful that anyone is going to audit you or your parents and notice the discrepancy.
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Many years ago my mother borrowed money from me – a couple times. She kept notes of what she borrowed. I also helped...
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What are the acceptable ways of spending money for someone who is applying for Medicaid? Can it be on clothing, home furni...
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