Tax time is here, so there often are questions about preparing taxes returns for Alzheimer’s patients.  Some have very simple reports while other may be involved in a business.
Kathy has a question about signatures and wonders if her elderly brother, who has Alzheimer’s, can use his signature from last year on his tax returns.  “He does NOT like to sign his name anymore, because he gets confused,” Kathy said.
I’m not a tax expert and only have the knowledge about what I did when filing personal and business returns for my mom when she could no longer sign her name.  I had …read more

 Caregiving Business
Caregivers sometimes take care of Alzheimer’s patients other than family, do housekeeping for them, provide shopping services for them or their families.  Whenever they receive payment, they’re considered as conducting a business, unless they’re working as an employee for an agency that does this type of work. 
Often they think because it’s a “little” business, they don’t have to worry about taxes.  However, under most circumstances, the IRS generally looks at it differently, and caregivers still do have to pay taxes and Social Security and develop a system of keeping track of income and expenses.
Jean Murray, at Home Biz Notes, …read more