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Being a Personal Rep
I've been helping my dad with his banking. He passed away....I'm now his personal rep. We had a cash fund for him to use, when he went out to eat.
but I have no receipts...........will there be trouble, ( IRS) because there isn't any proof that the money not deposited in the bank ( cash fund) was used for him ???
Thank You
Worried
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Maybe give some free advice about: Personal Finance?
I'm not sure. I sugest you talk to a financeal advisor of some kind, but I wouldn't have thought so.
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So long as it isn't an extremely sizeable amount(as in the thousands over a period of time),it wouldn't even be taxable.It's not income,or anything like that,so there should be no reason to even report the money.I would reccommend speaking with the lawyer who is handling your father's estate or will.He should be able to tell you all the specifics.But I don't see where it should even enter into anything!!
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