View Full Version : Can my mother pays me a salary to care for her?
REM-FL
Jun 12, 2014, 12:30 PM
Can my mom pay me a salary @ month to care for all her financials, etc while she is in an ALF in Florida? I am her POA.
smoothy
Jun 12, 2014, 12:39 PM
Why doesn't she jut leave you stuff in her will? Then its an inheratance and not taxible income that must be reported.
AK lawyer
Jun 12, 2014, 01:30 PM
Of course she can, but as Smoothy has noted, the amount you are paid would be subject to federal income tax. Also there are employment taxes involved. Check with an accountant.
By the way, it would be incorrect for you to say "I am her POA". A power of attorney is a document, not a person. You have her POA.
Fr_Chuck
Jun 12, 2014, 06:08 PM
Agreed, of course, government assistance can not pay you. She will have to pay you directly out of her bank account. My thought, is perhaps, you want a transfer of funds, to you. To be protected from the ALF claim on your mothers money or property later ?
Just one thought, that came to mind... I guess in this, what duties will you do.. if the pay correct for your level of care, education and training. Will there be taxes paid on this, and will it be reported income.
What is the main reason for the pay?
ScottGem
Jun 13, 2014, 04:45 AM
Just for managing her financials? Sure you can get a stipend. You could do it as an independent contractor, instead of a salary and then she would need to issue you a 1099. If she pays you a salary, she would have to pay withholding, SS taxes, etc. and do the appropriate IRS filings. Of course you would be doing that for her.