They are coming after her now. She has some savings which is mostly from Social Security, and all the rest of her money is in her retirement account. Will they be able to take her retirement account? She needs that to pay for memory care. I'm her daughter & POA.
There was absolutely no criminal neglect here. She was very meticulous about everything up until about 2015 when everything started falling away and nobody knew what was going on until all the damage was done. When I found out, I stepped in and shut down her business.
I know I need to see a lawyer with her but just wanted to bounce this off of you all and see if anybody's been in a similar situation or if you know if the tax agencies will be able to take her retirement account to satisfy the debt.
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Many thanks to you, the social workers, the psychologists and the many other people who help just because they can!
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Tacy’s advice is great. Collect up all the information you can, before you start incurring bills from accountants or lawyers. My suggestion mirrors Tacy’s about building a relationship with an individual in the Tax Department. Start while you are flustered, worried, at a loss about what to do etc – you want them to feel sorry for you, which is fully justified. I messed up our farm tax for about four years (in spite of being an accountant, though not a tax specialist). I was distraught. The wonderful lady in the Tax Office sorted out all my old returns and explained it to me. It cost me nothing besides the amount we should have paid in the first place. I hope that you have good luck too!
It helps so much to know that there are people here who are so understanding of this situation and willing to help - it really makes me feel like there might be a light at the end of the tunnel!
My next step is to get on the Ohio Business Gateway portal. I do have her login information, I know you told me to set up my own but my financial POA includes all business stuff too; would that give me the ability to log on with her credentials legally?
They will want their money, but they won't be vile about it. Lawyer or accountant...? Other posters know better than I do whose assistance it's best to seek.