Those of you with an elderly parent will probably be able to relate to this.
I recently discovered that my father, 98, has not filed tax returns for the past three years. Not because he is deliberately evading his obligation. He has just been steadily unable to keep up with things. But he is mentally competent enough to fend off any actions to give one of his children the ability to administer his affairs.
His pension is approximately $50K annually and his annual Social Security benefits are about $5K. His convalescent home fees consume most of his earnings. He has very little by way of savings and material assets. I have been trying to get him to file but he seems incapable of gathering the required documentation.
I am aware that there is no age limit for the requirement to file taxes and I am aware that no one is waived of the obligation to file returns as long as income exceeds a certain minimal level, as is the case for my father.
What I am wondering is, what at this time is the likelihood/probability of the IRS coming after someone in my father’s situation and freezing his bank account?
I recently discovered that my father, 98, has not filed tax returns for the past three years. Not because he is deliberately evading his obligation. He has just been steadily unable to keep up with things. But he is mentally competent enough to fend off any actions to give one of his children the ability to administer his affairs.
His pension is approximately $50K annually and his annual Social Security benefits are about $5K. His convalescent home fees consume most of his earnings. He has very little by way of savings and material assets. I have been trying to get him to file but he seems incapable of gathering the required documentation.
I am aware that there is no age limit for the requirement to file taxes and I am aware that no one is waived of the obligation to file returns as long as income exceeds a certain minimal level, as is the case for my father.
What I am wondering is, what at this time is the likelihood/probability of the IRS coming after someone in my father’s situation and freezing his bank account?