Helping Care for Your Relative Provides Income Tax Benefits
APRIL 9, 2012 VOLUME 19 NUMBER 14 Federal and Arizona state income tax returns are due next week. It’s a good time to review tax deductions for one of the common situations we deal with: in-home (or, for that matter, institutional) caregiving for an infirm family member. We wrote about an individual case involving long-term […]
In-Home Caretaker Wages Deductible Based on Doctor’s Letter
SEPTEMBER 5, 2011 VOLUME 18 NUMBER 31 Queens (New York) resident Lillian Baral was in her early 90s. She lived at home, but she required full-time assistance with her care. In 2007 she paid two caretakers a total of $49,580 for live-in care (one lived with her for five weeks while the primary caretaker took […]
Estate Plan For Benefit Of “Confidential” Wife Upheld
OCTOBER 5 , 2009 VOLUME 16, NUMBER 56 Legal issues confronted by celebrities are, of course, often fodder for tabloids, late-night television and casual gossip. They also often reveal unusual legal problems, since celebrities tend to lead lives that are more complex than those of their fans. Comedian Richard Pryor’s death in 2005 is a case […]
