Will my grandma be taxed, or have her account audited for my deposits?

Answers:1   |   LastUpdateAt:2012-09-15 18:33:04  

Question
anan
Asked at 2012-09-02 09:04:04
I have no bank account , but my grandmother is my mom does WFB . I can pay my mom $ 350 each month for a car loan , I deposit the cash in my grandmother 's account and then transfer the exact amount to the bank account of my mother immediately after deposit. MedlinePlus My grandmother has to pay taxes on those deposits ? Are you going to draw the attention of the auditors and the cause of unnecessary pain ? MedlinePlus She has her SS benefits direct deposited each month . Occasionally a cash deposit here or there, but this ( my deposits ) would be a regular occurrence .
Answer1dee-deeAnswered at 2012-09-15 18:33:04
No money in the bank does not increase income tax therefore NO .
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