1
vote
2answers
46 views

How do auto-loan payments factor into taxes for cars that are solely used by dependent(s)?

I financed a car under my name so that my sister could drive to work and my mother (who I'm claiming as a dependent, myself as head-of-household) could get groceries and run basic errands. I myself do ...
29
votes
4answers
6k views

I am considering leasing a new car for my ex-wife. What can go wrong?

My ex-wife is a financial wreck and is about to lose her car (lease is over) in an area of the country where you can't get around without one. She can't get a new one because her credit is really bad ...
3
votes
3answers
239 views

How to protect your parents if they never paid Social Security?

I am helping a friend with some financial advice, but his situation is very unique. His mother (US Citizen) married a foreign national. He worked all his life as a merchant or in a restaurant he ...
16
votes
1answer
993 views

Do I actually have to pay my daughter minimum wage for helping around the house?

I blogged about my discussion to this question. When I mentioned that I paid my almost-six-year-old daughter $2 for a job that took an hour I had a commenter say that I paid her "below minimum." ...
8
votes
3answers
4k views

If I pay someone else's property taxes, can I use it as a deduction on my income tax return?

I'm planning on paying the property taxes of a home my mother-in-law owns. She owns the house, but I live there. As part of the bargain, I agreed to pay the property taxes. If I write the check ...