Why do I start with this quote? I have just spent time reviewing my In-laws 2010-2012 tax returns. The above sentence was what they were told by the “lovely woman” who was taking care of them. Why did they believe her? Do they suffer from dementia? They do not suffer from dementia – they suffer from “she is so nice- she loves us- she would never lie or steal from us-ities.”

If you have income that is less than $10,000, and you are under age 65 and single, you do not have to file.
My In-laws have pension, social security, and RMD income. They have to file a tax return. They are now subject to a bit of penalties for not filing.

My Husband is very involved in their financial life now, this is something they kept hidden, and they must have known it was not quite the proper advice. The moral of this story is: sometimes our Parents need to be watched, and their “friends” monitored more than our kids.

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