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Mom's Secret

July 20th, 2007 at 08:45 pm

I've been finding out little things since I moved to moms.......like the cancelled health coverage, because she had signed herself up for two of them. Well, todays news topped that one for sure.

Mom asked me to help her find her last check register so she could wrap up her income tax stuff (for 06...and yes, she had an extension). I assumed she was working on the 06 taxes and even tho numbers aren't my gift....not even close...I offered to assist in getting things ready for her tax preparer. I suggested her check register that was missing might be the one in her check book and Bingo! it was the one. We gathered the numbers she needed re; rentals & repairs and I thought perhaps we were done.

Oh, no.......not quite. Mom then says to me "you thought that was bad? There's more!" Seems she hadn't filed her tax forms since 03. (keep in mind, she doesn't think she has ever filed for the trust, which was put into place in 2000)

I suggested we just gather up her paperwork & head to the tax guy...which we did.....and yikes, did I ever get a stress headache there. (and during that meeting, a tenant called & the pump has apparently gone out, or dry or whatever.....the result is no water)

The good news is: the trust did file taxes up until 2003 when mom just stopped going in for the tax appointments. And, she has enough stored up tax credits the sale of some property in 2004 didn't even generate enough income to offset that, so no capitol gains tax there.

The bad news is: the sale of a big chunk of property in 2005 will have capitol gains tax on it, plus interest since the due date. She has the funds, but was under the impression she could sell what she wanted without the tax. Pretty sure it will take awhile until this new info sinks in.

I'm almost scared to get up in the morning, for what I'll uncover here! Between the taxes, the medical plan snafuu, and the lack of upkeep on the house here.......there is enough work for a troop of people. And, now I get to do another plumbing task on top of this......I'm so over the top with little pesky details from all this I'm truly looking forward to going in for my last oral surgery appointment next week. I've scheduled a couple days in town at a lovely hotel & will recouperate there while trying to forget all about pumps, rentals and missed tax deadlines.

I know things will all work out, but wow, I'm amazed mom was holding together as good as she was with all this happening around her. No question about IF I'm moving, it is just about how quick I can get things back & under control here.

Hoping a nights sleep and a fresh new day makes a difference in my outlook (and a phone call from the tenant, or a plumber I've called wouldn't hurt.....here again, it is a plumbing difficulty on a Friday night!)

Since I'm out of commission most of next week, we'll tackle moms issues the end of next week. Mine.......I'll keep trying to get a plumber, or is it really an electrician one needs for the pump, out to the 'ranch'. And, I'll pray it is just a low water situation and it will magically be flowing freely by morning. Smile

3 Responses to “Mom's Secret”

  1. Carolina Bound Says:

    Thank goodness you are able to help your mom. Sounds like she badly needed you!

  2. Aleta Says:

    What an eye opener that all of this must have been for you. I personally think that it is best that you have caught all of this now, rather than later. Maybe it was meant for you to move into your Mom' house.

    How old is your Mom? Is she having memory problems? You wouldn't want to find all of this out down the road. It can be fixed now with some work. I would reccommend either you doing the paper work for her or another person and then you could just keep up and make sure it has been done.

    Make sure she has health insurance. That's very important not only for her, but your sanity as well.

    Keep up informed and just hang in there. She's fortunate to have you. Good luck on that dental appointment.

  3. boomeyers Says:

    Wow! No question your mom needs you! That was a good move on your part!

    Good luck finding a plumber/electrician and on your dental surgery!

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