She is 20 years old. Since her disability is directly deposited in her account but with my name as the payor/representative - who claims her and who claims this income????? Help me please.
2007-02-03 04:48:04 · 6 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
I am the payee and yes you are correct when she has no control or access of the funds. I pay her bills and pretty much there is nothing left after that. She did not receive SSI until she was 18 years old. I've searched the TurboTax help section for answers to this. I can't find anything anywhere. She does not receive a 1099 nor do I for the funds. I'm so confused. Actually since she now has a baby, isn't there actually 2 dependents there? The baby does not receive any SSI as of yet. I'm not sure how any of that works. I provide totally for this child except the $155.00 that he recieves from FIA for food a month.
2007-02-03 05:03:37 · update #1
Also everybody - I cant remove my name from the account as she is not capable of paying any of her expenses at all. If she had access to the funds who knows what would happen to it. She is Bipolar/Schizophrenic. Before everybody is critical about the safety of the child - she is a wonderful mother and I am there 50% of my waking time or more. I know her better then anybody and I stay with her if need 24/7 to make certain the child is well cared for. She is in treatment and I make certain she takes her medications as directed. When she received SSI the only way they would do it was for me to be the payee/representative or I had to let the State take over that part and I will always be here to care for my children. Mental illness is hell - trust me on this. Thank you all for your input so far.
2007-02-03 05:08:31 · update #2
What SS# is on the 1099 SSB form? I bet it's your daughters. If she has no other income then it won't be taxable. Unless you pay over 1/2 of her expenses she is not your dependent. Her child is her qualifying child but may be your dependent. Have a qualified person look at the numbers for you.
2007-02-03 06:24:17 · answer #1 · answered by daoco 4 · 1⤊ 0⤋
Unless your daughter is financially dependent on you according to the IRS definition, you cannot claim her as your dependent. The SSI you receive on her behalf is her income not yours, so you don't need to claim it on your taxes, and it is not taxable for her.
Good luck!
Alana
Benefits Advocate & Former SSI Beneficiary
2007-02-05 16:01:44 · answer #2 · answered by althegrrl 3 · 0⤊ 0⤋
SSI isn't taxable, so nobody claims the income.
If the SSI is paying the bulk of her support, then nobody claims her.
Good luck.
2007-02-03 22:43:28 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
She does.
Not you. Your name has probably been on it, since she started to recieve it, since she was probably a minor. She should have your name removed from it.
Here's your clues that tell you who should claim it:
~ My daughter is on SSI
~ She lives in her own apartment
~ She is 20 years old
~ Her disability is directly deposited into HER account.
2007-02-03 12:55:26 · answer #4 · answered by ICG 5 · 0⤊ 1⤋
you have to claim it but that money needs to go to her? and your name needs to come off. she can claim the baby also. this is a messed up deal and when it comes down (if it does) the audit, theres going to be a big mess .you need to go to a get a cps accountant to straighten this mess up.
2007-02-03 12:59:57 · answer #5 · answered by rocs 2 · 0⤊ 2⤋
YOU DO , IT'S HER MONEY BUT YOU CONTROL IT FOR HER. YOU ARE HER PAYEE , SO YOU HAVE CONTROL ON WHAT SHE DOES WITH HER MONEY!
2007-02-03 12:56:24 · answer #6 · answered by ? 3 · 0⤊ 3⤋