Guest guest Posted December 5, 2011 Report Share Posted December 5, 2011 A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account  They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <bittomom@...> IPADDUnite Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits  Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 5, 2011 Report Share Posted December 5, 2011 thanks Sherri for your quick response ! From: Sherri Schneider <benefithelpss@...> Subject: Re: SSI $$ limits " IPADDUnite " <IPADDUnite > Date: Monday, December 5, 2011, 9:25 PM  A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account  They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <bittomom@...> IPADDUnite Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits  Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 5, 2011 Report Share Posted December 5, 2011 Maureen, the total funds allowed is $2000. If you go over that, by even $1.00, you will have to repay all of the SSI received that month. Check my websites: www.angelspeaks.com www.angelspeaksproducts.com I'm on Twitter: http://twitter.com/angelspeaksprod We Grow Dreams - www.wegrowdreams.org Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. Pls correct me if I’m wrong in remembering. Thanks! L. From: Sherri Schneider Sent: Monday, December 05, 2011 9:25 PM IPADDUnite Subject: Re: SSI $$ limits A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <mailto:bittomom%40sbcglobal.net> mailto:IPADDUnite%40 Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 The resource limit is $2000. This includes cash, bonds, stocks, etc Sent from my iPhone On Dec 5, 2011, at 10:07 PM, " autismmom58 " <bittomom@...> wrote: > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > Thanks, > Maureen > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Is it true that this $2,000 has stayed the same for decades? Folks, you want to lobby for something that Congress has a chance of passing, let's find out when this limit was set, and ask for the maximum asset limit to be raised. Since there's a lot of chat about altering Social Security, this idea might fall on receptive ears. -Gail ________________________________ From: Sherri Schneider <benefithelpss@...> " IPADDUnite " <IPADDUnite > Sent: Monday, December 5, 2011 9:25 PM Subject: Re: SSI $$ limits  A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account  They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <bittomom@...> IPADDUnite Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits  Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Laurie's correct. I was told the same thing. During the annual review (over the phone), because Angel's accounts exceeded a certain amount, they contacted the bank for the actual balances. > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > Pls correct me if I’m wrong in remembering. Thanks! > > L. > > From: Sherri Schneider > Sent: Monday, December 05, 2011 9:25 PM > IPADDUnite > Subject: Re: SSI $$ limits > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > checking account > savings account > stocks > bonds > IRA > certificate of deposit > Money Market > 401K > cash value of life insurance - if they are the owner > savings bonds > annuity > cash on hand or in a safe deposit box > brokerage account > > They can have an unlimited amount in a correctly written special needs trust. > > ________________________________ > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > mailto:IPADDUnite%40 > Sent: Monday, December 5, 2011 9:07 PM > Subject: SSI $$ limits > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > Thanks, > Maureen > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 SSI has started something new:  IN THE PAST: They would ask the SSI recipient if they could contact the financial institutions where the recipient has (or had) any accounts.  NOW: They have the recipient sign a form so that SSI can contact the financial institutions and then SSI is actually sending these banks a form to complete. I have seen numerous problems with this:  1) The banks are sending balances back to SSI for a Sr. instead of a Jr. (same name but obviously NOT the same social security number) so the recipient was cut off and charged with an overpayment (but really this was a parent's $).  2) Some banks consolidate many accounts on one statement so the bank provides the total of all accounts to SSI - some are the SSI recipient's money and some are not.  3) The bank is providing a balance but not reducing it by the income deposited that month. (income is income for the month it was received. It cannot count as an asset until the next month)  I am working with Social Security to try to make their form more detailed to avoid the mistakes we are seeing. ________________________________ From: cmfinato <cmfinato@...> IPADDUnite Sent: Tuesday, December 6, 2011 12:28 PM Subject: Re: SSI $$ limits  Laurie's correct. I was told the same thing. During the annual review (over the phone), because Angel's accounts exceeded a certain amount, they contacted the bank for the actual balances. > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > Pls correct me if I’m wrong in remembering. Thanks! > > L. > > From: Sherri Schneider > Sent: Monday, December 05, 2011 9:25 PM > IPADDUnite > Subject: Re: SSI $$ limits > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > checking account > savings account > stocks > bonds > IRA > certificate of deposit > Money Market > 401K > cash value of life insurance - if they are the owner > savings bonds > annuity > cash on hand or in a safe deposit box > brokerage account > > They can have an unlimited amount in a correctly written special needs trust. > > ________________________________ > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > mailto:IPADDUnite%40 > Sent: Monday, December 5, 2011 9:07 PM > Subject: SSI $$ limits > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > Thanks, > Maureen > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Thanks Sherri. I would also like to add for those of us who pay online. If your child' account is linked to your account, the check the bank sends has YOUR NAME ON IT and not your child's. If you send that to SSI to prove 'employment related expenses', they will turn it down. Make sure you send the child's statement which shows the amount being paid by their account. > > > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > > > Pls correct me if I’m wrong in remembering. Thanks! > > > > L. > > > > From: Sherri Schneider > > Sent: Monday, December 05, 2011 9:25 PM > > IPADDUnite > > Subject: Re: SSI $$ limits > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > checking account > > savings account > > stocks > > bonds > > IRA > > certificate of deposit > > Money Market > > 401K > > cash value of life insurance - if they are the owner > > savings bonds > > annuity > > cash on hand or in a safe deposit box > > brokerage account > > > > They can have an unlimited amount in a correctly written special needs trust. > > > > ________________________________ > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > mailto:IPADDUnite%40 > > Sent: Monday, December 5, 2011 9:07 PM > > Subject: SSI $$ limits > > > > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > > Thanks, > > Maureen > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Bill to raise the resource amounts last year never made it out of Committees. _____________________________________________________ Rubin* [cid:image003.jpg@...] * Member by invitation of SNA, the Special Needs Alliance. SNA is the national non-profit association of experienced " Special Needs Planning " Attorneys. Rubin is a member of SNA’s Board of Directors. Click for more information.<http://www.specialneedsalliance.org/> *Member of the Special Needs Law Steering Committee of NAELA, the National Academy of Elder Law Attorneys. * Was a Charter Member of the Academy of Special Needs Planners * Rubin has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. Click for more information<http://martindale.com/-N-Rubin/903577-lawyer.htm?view=cr> * Rubin is the President of the Arc of Illinois<http://www.thearcofil.org/> * For more information about Rubin<mailto:brian@...>, please visit www.rubinlawcorp.com<http://www.rubinlawcorp.com/> Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify Rubin Law, a professional corporation, by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of G Mrozak Sent: Tuesday, December 06, 2011 9:40 AM IPADDUnite Subject: Re: SSI $$ limits Is it true that this $2,000 has stayed the same for decades? Folks, you want to lobby for something that Congress has a chance of passing, let's find out when this limit was set, and ask for the maximum asset limit to be raised. Since there's a lot of chat about altering Social Security, this idea might fall on receptive ears. -Gail ________________________________ From: Sherri Schneider <benefithelpss@...<mailto:benefithelpss%40>> " IPADDUnite <mailto:IPADDUnite%40> " <IPADDUnite <mailto:IPADDUnite%40>> Sent: Monday, December 5, 2011 9:25 PM Subject: Re: SSI $$ limits A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <bittomom@...<mailto:bittomom%40sbcglobal.net>> IPADDUnite <mailto:IPADDUnite%40> Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 6, 2011 Report Share Posted December 6, 2011 Bill to raise the resource amounts last year never made it out of Committees. _____________________________________________________ Rubin* [cid:image003.jpg@...] * Member by invitation of SNA, the Special Needs Alliance. SNA is the national non-profit association of experienced " Special Needs Planning " Attorneys. Rubin is a member of SNA’s Board of Directors. Click for more information.<http://www.specialneedsalliance.org/> *Member of the Special Needs Law Steering Committee of NAELA, the National Academy of Elder Law Attorneys. * Was a Charter Member of the Academy of Special Needs Planners * Rubin has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. Click for more information<http://martindale.com/-N-Rubin/903577-lawyer.htm?view=cr> * Rubin is the President of the Arc of Illinois<http://www.thearcofil.org/> * For more information about Rubin<mailto:brian@...>, please visit www.rubinlawcorp.com<http://www.rubinlawcorp.com/> Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify Rubin Law, a professional corporation, by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of G Mrozak Sent: Tuesday, December 06, 2011 9:40 AM IPADDUnite Subject: Re: SSI $$ limits Is it true that this $2,000 has stayed the same for decades? Folks, you want to lobby for something that Congress has a chance of passing, let's find out when this limit was set, and ask for the maximum asset limit to be raised. Since there's a lot of chat about altering Social Security, this idea might fall on receptive ears. -Gail ________________________________ From: Sherri Schneider <benefithelpss@...<mailto:benefithelpss%40>> " IPADDUnite <mailto:IPADDUnite%40> " <IPADDUnite <mailto:IPADDUnite%40>> Sent: Monday, December 5, 2011 9:25 PM Subject: Re: SSI $$ limits A single individual on SSI can have LESS than a TOTAL of $2000 in: checking account savings account stocks bonds IRA certificate of deposit Money Market 401K cash value of life insurance - if they are the owner savings bonds annuity cash on hand or in a safe deposit box brokerage account They can have an unlimited amount in a correctly written special needs trust. ________________________________ From: autismmom58 <bittomom@...<mailto:bittomom%40sbcglobal.net>> IPADDUnite <mailto:IPADDUnite%40> Sent: Monday, December 5, 2011 9:07 PM Subject: SSI $$ limits Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? Thanks, Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 We've encountered problem #2 from Sherri's list. There's also a timing of reports factor; banks issue monthly statements, but that's not always from first to last day of a month. So SSA has to look at more than one month's statement to get an accurate picture. And of course, not all checks you write will be cashed quickly.... -Gail  ________________________________ From: Sherri Schneider <benefithelpss@...> " IPADDUnite " <IPADDUnite > Sent: Tuesday, December 6, 2011 2:05 PM Subject: Re: Re: SSI $$ limits  SSI has started something new:  IN THE PAST: They would ask the SSI recipient if they could contact the financial institutions where the recipient has (or had) any accounts.  NOW: They have the recipient sign a form so that SSI can contact the financial institutions and then SSI is actually sending these banks a form to complete. I have seen numerous problems with this:  1) The banks are sending balances back to SSI for a Sr. instead of a Jr. (same name but obviously NOT the same social security number) so the recipient was cut off and charged with an overpayment (but really this was a parent's $).  2) Some banks consolidate many accounts on one statement so the bank provides the total of all accounts to SSI - some are the SSI recipient's money and some are not.  3) The bank is providing a balance but not reducing it by the income deposited that month. (income is income for the month it was received. It cannot count as an asset until the next month)  I am working with Social Security to try to make their form more detailed to avoid the mistakes we are seeing. ________________________________ From: cmfinato <cmfinato@...> IPADDUnite Sent: Tuesday, December 6, 2011 12:28 PM Subject: Re: SSI $$ limits  Laurie's correct. I was told the same thing. During the annual review (over the phone), because Angel's accounts exceeded a certain amount, they contacted the bank for the actual balances. > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > Pls correct me if I’m wrong in remembering. Thanks! > > L. > > From: Sherri Schneider > Sent: Monday, December 05, 2011 9:25 PM > IPADDUnite > Subject: Re: SSI $$ limits > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > checking account > savings account > stocks > bonds > IRA > certificate of deposit > Money Market > 401K > cash value of life insurance - if they are the owner > savings bonds > annuity > cash on hand or in a safe deposit box > brokerage account > > They can have an unlimited amount in a correctly written special needs trust. > > ________________________________ > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > mailto:IPADDUnite%40 > Sent: Monday, December 5, 2011 9:07 PM > Subject: SSI $$ limits > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > Thanks, > Maureen Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Adding to Gail's post - Checks that aren't cashed are included in your assets for the month. So a $600 check to SEASPAR that hasn't cashed yet can put you over the $2000 limit. > > > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > > > Pls correct me if I’m wrong in remembering. Thanks! > > > > L. > > > > From: Sherri Schneider > > Sent: Monday, December 05, 2011 9:25 PM > > IPADDUnite > > Subject: Re: SSI $$ limits > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > checking account > > savings account > > stocks > > bonds > > IRA > > certificate of deposit > > Money Market > > 401K > > cash value of life insurance - if they are the owner > > savings bonds > > annuity > > cash on hand or in a safe deposit box > > brokerage account > > > > They can have an unlimited amount in a correctly written special needs trust. > > > > ________________________________ > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > mailto:IPADDUnite%40 > > Sent: Monday, December 5, 2011 9:07 PM > > Subject: SSI $$ limits > > > > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > > Thanks, > > Maureen > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Hi all, I'm new to this group. What is the going rate to charge your disabled young adult for " room and board " these days? Also, does personal " stuff " like TV, DVD's, Laptops (either as gifts or purchases) count as assets for SSI? Thanks! Debra In a message dated 12/7/2011 10:23:10 A.M. Central Standard Time, cmfinato@... writes: Adding to Gail's post - Checks that aren't cashed are included in your assets for the month. So a $600 check to SEASPAR that hasn't cashed yet can put you over the $2000 limit. > > > > Sherri, am I remembering correctly, once when ’s checking account went up over $1500 or $1600 for about a two-month period, that it triggered a ‘review’ by our local Social Security office? Seems to me that’s what our nice Social Security person told me. She wasn’t disqualified, but it did trigger a review (which we did by phone). Just didn’t want people to be surprised. > > > > was working at the time and had gotten a few paychecks that coincided with her PSW’s being on vacation or sick, so her expenses weren’t as high as they normally are; hence, the higher checking account balance. > > > > Pls correct me if I’m wrong in remembering. Thanks! > > > > L. > > > > From: Sherri Schneider > > Sent: Monday, December 05, 2011 9:25 PM > > _IPADDUnite _ (mailto:IPADDUnite ) > > Subject: Re: SSI $$ limits > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > checking account > > savings account > > stocks > > bonds > > IRA > > certificate of deposit > > Money Market > > 401K > > cash value of life insurance - if they are the owner > > savings bonds > > annuity > > cash on hand or in a safe deposit box > > brokerage account > > > > They can have an unlimited amount in a correctly written special needs trust. > > > > ________________________________ > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > mailto:IPADDUnite%40 > > Sent: Monday, December 5, 2011 9:07 PM > > Subject: SSI $$ limits > > > > > > Could someone please refresh my memory about what is the total $ limit that a person on SSI can have in savings/checking account without being penalized ? > > Thanks, > > Maureen > > [Non-text portions of this message have been removed] > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 You should try to charge your child his/her fair share of food, utilities, rent (if you own a home - fair market value of what it would cost you to rent your home). If you don't charge at least 1/3 of the SSI, then SSA will reduce your SSI payment. Sherri listed all of the assets counted for SSI in a previous post. > > > > > > Sherri, am I remembering correctly, once when ’s checking > account went up over $1500 or $1600 for about a two-month period, that it > triggered a â€ˊ" review’ by our local Social Security office? > Seems to me that’s what our nice Social Security person told me. She > wasn’t disqualified, but it did trigger a review (which we did by > phone). Just didn’t want people to be surprised. > > > > > > was working at the time and had gotten a few paychecks that > coincided with her PSW’s being on vacation or sick, so her expenses > weren’t as high as they normally are; hence, the higher checking > account balance. > > > > > > Pls correct me if I’m wrong in remembering. Thanks! > > > > > > L. > > > > > > From: Sherri Schneider > > > Sent: Monday, December 05, 2011 9:25 PM > > > _IPADDUnite _ (mailto:IPADDUnite ) > > > Subject: Re: SSI $$ limits > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > checking account > > > savings account > > > stocks > > > bonds > > > IRA > > > certificate of deposit > > > Money Market > > > 401K > > > cash value of life insurance - if they are the owner > > > savings bonds > > > annuity > > > cash on hand or in a safe deposit box > > > brokerage account > > > > > > They can have an unlimited amount in a correctly written special needs > trust. > > > > > > ________________________________ > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > mailto:IPADDUnite%40 > > > Sent: Monday, December 5, 2011 9:07 PM > > > Subject: SSI $$ limits > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > that a person on SSI can have in savings/checking account without being > penalized ? > > > Thanks, > > > Maureen > > > > [Non-text portions of this message have been removed] > > > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Remember – the child’s pro-rata share of expenses does not result in “IRS†income to the parents, but rent does (Putting on my hat as a former IRS Agent and former IRS Attorney). Also consider the possible loss of claiming the child as a Dependent (Exemption) on the parents tax returns if they are “paying their wayâ€. Rubin<mailto:brian@...>* [cid:image003.jpg@...] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<http://www.specialneedsalliance.org/>). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<http://www.naela.org/> the National Academy of Elder Law Attorneys. <http://www.naela.org/> * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. * For more information about Rubin, please visit our web site<http://www.rubinlawcorp.com/>. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 11:00 AM IPADDUnite Subject: Re: SSI $$ limits You should try to charge your child his/her fair share of food, utilities, rent (if you own a home - fair market value of what it would cost you to rent your home). If you don't charge at least 1/3 of the SSI, then SSA will reduce your SSI payment. Sherri listed all of the assets counted for SSI in a previous post. > > > > > > Sherri, am I remembering correctly, once when ’s checking > account went up over $1500 or $1600 for about a two-month period, that it > triggered a â€ËÅ " review’ by our local Social Security office? > Seems to me that’s what our nice Social Security person told me. She > wasn’t disqualified, but it did trigger a review (which we did by > phone). Just didn’t want people to be surprised. > > > > > > was working at the time and had gotten a few paychecks that > coincided with her PSW’s being on vacation or sick, so her expenses > weren’t as high as they normally are; hence, the higher checking > account balance. > > > > > > Pls correct me if I’m wrong in remembering. Thanks! > > > > > > L. > > > > > > From: Sherri Schneider > > > Sent: Monday, December 05, 2011 9:25 PM > > > _IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) > > > Subject: Re: SSI $$ limits > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > checking account > > > savings account > > > stocks > > > bonds > > > IRA > > > certificate of deposit > > > Money Market > > > 401K > > > cash value of life insurance - if they are the owner > > > savings bonds > > > annuity > > > cash on hand or in a safe deposit box > > > brokerage account > > > > > > They can have an unlimited amount in a correctly written special needs > trust. > > > > > > ________________________________ > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > mailto:IPADDUnite%40 > > > Sent: Monday, December 5, 2011 9:07 PM > > > Subject: SSI $$ limits > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > that a person on SSI can have in savings/checking account without being > penalized ? > > > Thanks, > > > Maureen > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Yes, but I would like to add that children who are permanently disabled can be claimed as dependents as long as the parents provide more than 50% of support. So pro-rata share of expenses may not include clothing, insurance, vacations, gifts, programs, etc that parents may pay after the SSI money is used up. Publication 17 has a worksheet that you can use to determine if you meet this test. > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'¢â‚¬â„¢s checking > > account went up over $1500 or $1600 for about a two-month period, that it > > triggered a ÃÆ'¢â‚¬ËÅ " reviewÃÆ'¢â‚¬â„¢ by our local Social Security office? > > Seems to me thatÃÆ'¢â‚¬â„¢s what our nice Social Security person told me. She > > wasnÃÆ'¢â‚¬â„¢t disqualified, but it did trigger a review (which we did by > > phone). Just didnÃÆ'¢â‚¬â„¢t want people to be surprised. > > > > > > > > was working at the time and had gotten a few paychecks that > > coincided with her PSWÃÆ'¢â‚¬â„¢s being on vacation or sick, so her expenses > > werenÃÆ'¢â‚¬â„¢t as high as they normally are; hence, the higher checking > > account balance. > > > > > > > > Pls correct me if IÃÆ'¢â‚¬â„¢m wrong in remembering. Thanks! > > > > > > > > L. > > > > > > > > From: Sherri Schneider > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > _IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > checking account > > > > savings account > > > > stocks > > > > bonds > > > > IRA > > > > certificate of deposit > > > > Money Market > > > > 401K > > > > cash value of life insurance - if they are the owner > > > > savings bonds > > > > annuity > > > > cash on hand or in a safe deposit box > > > > brokerage account > > > > > > > > They can have an unlimited amount in a correctly written special needs > > trust. > > > > > > > > ________________________________ > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > mailto:IPADDUnite%40 > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > Subject: SSI $$ limits > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > that a person on SSI can have in savings/checking account without being > > penalized ? > > > > Thanks, > > > > Maureen > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Just remember that the non-parental support would include SS received and used for support, and all state Medicaid provided (including home based or Children’s waiver), that is, be it medical, or waiver programs. Rubin<mailto:brian@...>* [cid:image003.jpg@...] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<http://www.specialneedsalliance.org/>). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<http://www.naela.org/> the National Academy of Elder Law Attorneys. <http://www.naela.org/> * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. * For more information about Rubin, please visit our web site<http://www.rubinlawcorp.com/>. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 1:42 PM IPADDUnite Subject: Re: SSI $$ limits Yes, but I would like to add that children who are permanently disabled can be claimed as dependents as long as the parents provide more than 50% of support. So pro-rata share of expenses may not include clothing, insurance, vacations, gifts, programs, etc that parents may pay after the SSI money is used up. Publication 17 has a worksheet that you can use to determine if you meet this test. > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'¢â‚¬â„Ãâ€\ šÃ‚¢s checking > > account went up over $1500 or $1600 for about a two-month period, that it > > triggered a ÃÆ'¢â‚¬ËÅ " reviewÃÆ'Ã\ ‚¢Ã¢â€šÂ¬Ã¢â€žÂ¢ by our local Social Security office? > > Seems to me thatÃÆ'¢â‚¬â„Â\ ¢s what our nice Social Security person told me. She > > wasnÃÆ'¢â‚¬â„Â\ ¢t disqualified, but it did trigger a review (which we did by > > phone). Just didnÃÆ'¢â‚¬â„Â\ ¢t want people to be surprised. > > > > > > > > was working at the time and had gotten a few paychecks that > > coincided with her PSWÃÆ'¢â‚¬â„ÂÃ\ ‚¢s being on vacation or sick, so her expenses > > werenÃÆ'¢â‚¬â„Ãâ€\ šÃ‚¢t as high as they normally are; hence, the higher checking > > account balance. > > > > > > > > Pls correct me if IÃÆ'¢â‚¬â„ÂÂÂ\ ¢m wrong in remembering. Thanks! > > > > > > > > L. > > > > > > > > From: Sherri Schneider > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > To: _IPADDUnite <mailto:_IPADDUnite%40><mailto:_IPADDU\ nite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40><mailto:I\ PADDUnite%40>) > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > checking account > > > > savings account > > > > stocks > > > > bonds > > > > IRA > > > > certificate of deposit > > > > Money Market > > > > 401K > > > > cash value of life insurance - if they are the owner > > > > savings bonds > > > > annuity > > > > cash on hand or in a safe deposit box > > > > brokerage account > > > > > > > > They can have an unlimited amount in a correctly written special needs > > trust. > > > > > > > > ________________________________ > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > mailto:IPADDUnite%40 > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > Subject: SSI $$ limits > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > that a person on SSI can have in savings/checking account without being > > penalized ? > > > > Thanks, > > > > Maureen > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 It all seems so complicated---like there's a need for individualized family planning for every case. For instance, what if the child's " pro-rata " was $700/month? Wouldn't that then be considered " in-kind support " and reduce the child's benefits by 1/3? In a message dated 12/7/2011 1:55:51 P.M. Central Standard Time, brian@... writes: Just remember that the non-parental support would include SS received and used for support, and all state Medicaid provided (including home based or Children’s waiver), that is, be it medical, or waiver programs. Rubin<mailto:_brian@..._ (mailto:brian@...) >* [cid:_image003.jpg@..._ (mailto:image003.jpg@...) ] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<_http://www.specialneedsalliance.org/_ (http://www.specialneedsalliance.org/) >). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<_http://www.naela.org/_ (http://www.naela.org/) > the National Academy of Elder Law Attorneys. <_http://www.naela.org/_ (http://www.naela.org/) > * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<_http://martindale.com/_ (http://martindale.com/) > Rating of AV Preeminent, the highest rating given<_http://martindale.com/_ (http://martindale.com/) >. * For more information about Rubin, please visit our web site<_http://www.rubinlawcorp.com/_ (http://www.rubinlawcorp.com/) >. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: _IPADDUnite _ (mailto:IPADDUnite ) [mailto:_IPADDUnite _ (mailto:IPADDUnite ) ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 1:42 PM _IPADDUnite _ (mailto:IPADDUnite ) Subject: Re: SSI $$ limits Yes, but I would like to add that children who are permanently disabled can be claimed as dependents as long as the parents provide more than 50% of support. So pro-rata share of expenses may not include clothing, insurance, vacations, gifts, programs, etc that parents may pay after the SSI money is used up. Publication 17 has a worksheet that you can use to determine if you meet this test. > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'¢âââ ‚¬Å¡Ã‚¬Ã¢â€žÂ¢s checking > > account went up over $1500 or $1600 for about a two-month period, that it > > triggered a ÃÆ'¢â‚¬ËÅ " reviewÃÆ'Ã\ ‚¢Ã¢ââ‚ ¬Å¡Ã‚¬Ã¢â€žÂ¢ by our local Social Security office? > > Seems to me thatÃÆ'¢â‚¬â„Â\ ¢s what our nice Social Security person told me. She > > wasnÃÆ'¢â‚¬â„Â\ ¢t disqualified, but it did trigger a review (which we did by > > phone). Just didnÃÆ'¢â‚¬â„Â\ ¢t want people to be surprised. > > > > > > > > was working at the time and had gotten a few paychecks that > > coincided with her PSWÃÆ'¢â‚¬â„ÂÃ\ ‚¢s being on vacation or sick, so her expenses > > werenÃÆ'¢â‚¬â„Ãâ€\ šÃ‚¢t as high as they normally are; hence, the higher checking > > account balance. > > > > > > > > Pls correct me if IÃÆ'¢â‚¬â„ÂÂÂ\ ¢m wrong in remembering. Thanks! > > > > > > > > L. > > > > > > > > From: Sherri Schneider > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > __IPADDUnite _ (mailto:_IPADDUnite ) <mailto:_IPADDUnite%40><mailto:_IPADDUnite%40>_ (mailto:_IPADDUnite _ (mailto:IPADDUnite ) <mailto:IPADDUnite%40><mailto:IPADDUnite%40>) > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > checking account > > > > savings account > > > > stocks > > > > bonds > > > > IRA > > > > certificate of deposit > > > > Money Market > > > > 401K > > > > cash value of life insurance - if they are the owner > > > > savings bonds > > > > annuity > > > > cash on hand or in a safe deposit box > > > > brokerage account > > > > > > > > They can have an unlimited amount in a correctly written special needs > > trust. > > > > > > > > ________________________________ > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > mailto:IPADDUnite%40 > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > Subject: SSI $$ limits > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > that a person on SSI can have in savings/checking account without being > > penalized ? > > > > Thanks, > > > > Maureen > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 yes Rubin<mailto:brian@...>* [cid:image003.jpg@...] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<http://www.specialneedsalliance.org/>). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<http://www.naela.org/> the National Academy of Elder Law Attorneys. <http://www.naela.org/> * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. * For more information about Rubin, please visit our web site<http://www.rubinlawcorp.com/>. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of mcgee3atcincy@... Sent: Wednesday, December 07, 2011 2:16 PM IPADDUnite Subject: Re: Re: SSI $$ limits It all seems so complicated---like there's a need for individualized family planning for every case. For instance, what if the child's " pro-rata " was $700/month? Wouldn't that then be considered " in-kind support " and reduce the child's benefits by 1/3? In a message dated 12/7/2011 1:55:51 P.M. Central Standard Time, brian@...<mailto:brian%40snfp.net> writes: Just remember that the non-parental support would include SS received and used for support, and all state Medicaid provided (including home based or Children’s waiver), that is, be it medical, or waiver programs. Rubin<mailto:_brian@...<mailto:_brian%40rubinlawcorp.com>_ (mailto:brian@...<mailto:brian%40rubinlawcorp.com>) >* [cid:_image003.jpg@...<mailto:_image003.jpg%4001CCB4E7.DCAD4610>_ (mailto:image003.jpg@...<mailto:image003.jpg%4001CCB4E7.DCAD4610>) ] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<_http://www.specialneedsalliance.org/_ (http://www.specialneedsalliance.org/) >). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<_http://www.naela.org/_ (http://www.naela.org/) > the National Academy of Elder Law Attorneys. <_http://www.naela.org/_ (http://www.naela.org/) > * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<_http://martindale.com/_ (http://martindale.com/) > Rating of AV Preeminent, the highest rating given<_http://martindale.com/_ (http://martindale.com/) >. * For more information about Rubin, please visit our web site<_http://www.rubinlawcorp.com/_ (http://www.rubinlawcorp.com/) >. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: _IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) [mailto:_IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 1:42 PM _IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) Subject: Re: SSI $$ limits Yes, but I would like to add that children who are permanently disabled can be claimed as dependents as long as the parents provide more than 50% of support. So pro-rata share of expenses may not include clothing, insurance, vacations, gifts, programs, etc that parents may pay after the SSI money is used up. Publication 17 has a worksheet that you can use to determine if you meet this test. > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'¢âââ ‚¬Å¡Ã‚¬Ã¢â€žÂ¢s checking > > account went up over $1500 or $1600 for about a two-month period, that it > > triggered a ÃÆ'¢â‚¬ËÅ " reviewÃÆ'Ã\ ‚¢Ã¢ââ‚ ¬Å¡Ã‚¬Ã¢â€žÂ¢ by our local Social Security office? > > Seems to me thatÃÆ'¢â‚¬â„Â\ ¢s what our nice Social Security person told me. She > > wasnÃÆ'¢â‚¬â„Â\ ¢t disqualified, but it did trigger a review (which we did by > > phone). Just didnÃÆ'¢â‚¬â„Â\ ¢t want people to be surprised. > > > > > > > > was working at the time and had gotten a few paychecks that > > coincided with her PSWÃÆ'¢â‚¬â„ÂÃ\ ‚¢s being on vacation or sick, so her expenses > > werenÃÆ'¢â‚¬â„Ãâ€\ šÃ‚¢t as high as they normally are; hence, the higher checking > > account balance. > > > > > > > > Pls correct me if IÃÆ'¢â‚¬â„ÂÂÂ\ ¢m wrong in remembering. Thanks! > > > > > > > > L. > > > > > > > > From: Sherri Schneider > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > __IPADDUnite <mailto:__IPADDUnite%40>_ (mailto:_IPADDUnite <mailto:_IPADDUnite%40>) <mailto:_IPADDUnite%40><mailto:_IPADDUnite%40>_ (mailto:_IPADDUnite <mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40>) <mailto:IPADDUnite%40><mailto:IPADDUnite%40>) > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > checking account > > > > savings account > > > > stocks > > > > bonds > > > > IRA > > > > certificate of deposit > > > > Money Market > > > > 401K > > > > cash value of life insurance - if they are the owner > > > > savings bonds > > > > annuity > > > > cash on hand or in a safe deposit box > > > > brokerage account > > > > > > > > They can have an unlimited amount in a correctly written special needs > > trust. > > > > > > > > ________________________________ > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > mailto:IPADDUnite%40 > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > Subject: SSI $$ limits > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > that a person on SSI can have in savings/checking account without being > > penalized ? > > > > Thanks, > > > > Maureen > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 This topic would be a 'Ask An Expert' discussion. I was in a discussion with tax professionals on a forum reserved for them and this topic was brought up. I asked the question: If the adult child is receiving Medicaid and is receiving day services that are funded under a Medicaid waiver, is this 'considered as provided by the child " ? I have an adult daughter with Autism and she receives SSI, is on Medicaid and her day program is funded by a Medicaid waiver. And an enrolled agent, responded with: The day care program is considered medical care just like it would be for anyone who needs 24-hour supervision. In this respect, I think this is treated as " Benefit payments from a public welfare fund " and therefore, is not counted in the support calculation, either. > > > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÃâ€\ šÃ‚¢s checking > > > account went up over $1500 or $1600 for about a two-month period, that it > > > triggered a ÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'‹Å " reviewÃÆ'Æ'Ã\ ‚¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂ¢ by our local Social Security office? > > > Seems to me thatÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂ\ ¢s what our nice Social Security person told me. She > > > wasnÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂ\ ¢t disqualified, but it did trigger a review (which we did by > > > phone). Just didnÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂ\ ¢t want people to be surprised. > > > > > > > > > > was working at the time and had gotten a few paychecks that > > > coincided with her PSWÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂÃ\ ‚¢s being on vacation or sick, so her expenses > > > werenÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÃâ€\ šÃ‚¢t as high as they normally are; hence, the higher checking > > > account balance. > > > > > > > > > > Pls correct me if IÃÆ'Æ'¢ÃÆ'¢â€šÂ¬ÃÆ'¢â€žÂÂÂ\ ¢m wrong in remembering. Thanks! > > > > > > > > > > L. > > > > > > > > > > From: Sherri Schneider > > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > > To: _IPADDUnite <mailto:_IPADDUnite%40><mailto:_IPADDU\ nite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40><mailto:I\ PADDUnite%40>) > > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > > checking account > > > > > savings account > > > > > stocks > > > > > bonds > > > > > IRA > > > > > certificate of deposit > > > > > Money Market > > > > > 401K > > > > > cash value of life insurance - if they are the owner > > > > > savings bonds > > > > > annuity > > > > > cash on hand or in a safe deposit box > > > > > brokerage account > > > > > > > > > > They can have an unlimited amount in a correctly written special needs > > > trust. > > > > > > > > > > ________________________________ > > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > > mailto:IPADDUnite%40 > > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > > Subject: SSI $$ limits > > > > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > > that a person on SSI can have in savings/checking account without being > > > penalized ? > > > > > Thanks, > > > > > Maureen > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 FYI an enrolled agent is a tax practitioner, who takes a test, since they are neither a CPA or Tax Attorney… I respectfully disagree with that conclusion. Rubin<mailto:brian@...>* [cid:image003.jpg@...] * President, The Arc of Illinois 2011-2013 * Member by invitation of the Special Needs Alliance (web site<http://www.specialneedsalliance.org/>). The SNA is the national non-profit association of experienced " Special Needs Plannig " Attorneys. Rubin is a member of SNA’s Board of Directors. * Member of the Special Needs Law Steering Committee of NAELA,<http://www.naela.org/> the National Academy of Elder Law Attorneys. <http://www.naela.org/> * Was a Charter Member of the Academy of Special Needs Planners * Has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. * For more information about Rubin, please visit our web site<http://www.rubinlawcorp.com/>. Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify the offices of Rubin Law, A Professional Corporation by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 2:24 PM IPADDUnite Subject: Re: SSI $$ limits This topic would be a 'Ask An Expert' discussion. I was in a discussion with tax professionals on a forum reserved for them and this topic was brought up. I asked the question: If the adult child is receiving Medicaid and is receiving day services that are funded under a Medicaid waiver, is this 'considered as provided by the child " ? I have an adult daughter with Autism and she receives SSI, is on Medicaid and her day program is funded by a Medicaid waiver. And an enrolled agent, responded with: The day care program is considered medical care just like it would be for anyone who needs 24-hour supervision. In this respect, I think this is treated as " Benefit payments from a public welfare fund " and therefore, is not counted in the support calculation, either. > > > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'Æ'¢ÃÆ'¢â€Ãâ\ €¦Ã‚¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃâ\ €šÃ‚¢s checking > > > account went up over $1500 or $1600 for about a two-month period, that it > > > triggered a ÃÆ'Æ'¢ÃÆ'¢â€ÅÂÂ\ ¡ÃƒÆ’‚¬ÃÆ'‹Å " reviewÃÆ'Æ'Ãâ\ €šÃ‚¢ÃÆ'¢â€šÂÂÂ\ ¬ÃƒÆ'¢â€žÂ¢ by our local Social Security office? > > > Seems to me thatÃÆ'Æ'¢ÃÆ'¢â€Ãâ€\ ¦Ã‚¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃââ\ ‚¬Å¡Ãƒâ€šÃ‚¢s what our nice Social Security person told me. She > > > wasnÃÆ'Æ'¢ÃÆ'¢â€Ãâ€\ ¦Ã‚¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃââ\ ‚¬Å¡Ãƒâ€šÃ‚¢t disqualified, but it did trigger a review (which we did by > > > phone). Just didnÃÆ'Æ'¢ÃÆ'¢â€Ãâ€\ ¦Ã‚¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃââ\ ‚¬Å¡Ãƒâ€šÃ‚¢t want people to be surprised. > > > > > > > > > > was working at the time and had gotten a few paychecks that > > > coincided with her PSWÃÆ'Æ'¢ÃÆ'¢â€Å\ ¡Ã‚¬ÃÆ'¢â€žÃââ‚\ ¬Å¡Ãƒâ€šÃ‚¢s being on vacation or sick, so her expenses > > > werenÃÆ'Æ'¢ÃÆ'¢â€Ãâ\ €¦Ã‚¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃâ\ €šÃ‚¢t as high as they normally are; hence, the higher checking > > > account balance. > > > > > > > > > > Pls correct me if IÃÆ'Æ'¢ÃÆ'¢â€ÅÂ\ ¡Ãƒâ€šÃ‚¬ÃÆ'¢â€žÃâ€Å\ ¡Ãƒâ€šÃ‚¢m wrong in remembering. Thanks! > > > > > > > > > > L. > > > > > > > > > > From: Sherri Schneider > > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > > To: _IPADDUnite <mailto:_IPADDUnite%40><mailto:_IPADDU\ nite%40><mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40><mailto:I\ PADDUnite%40><mailto:IPADDUnite%40>) > > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > > checking account > > > > > savings account > > > > > stocks > > > > > bonds > > > > > IRA > > > > > certificate of deposit > > > > > Money Market > > > > > 401K > > > > > cash value of life insurance - if they are the owner > > > > > savings bonds > > > > > annuity > > > > > cash on hand or in a safe deposit box > > > > > brokerage account > > > > > > > > > > They can have an unlimited amount in a correctly written special needs > > > trust. > > > > > > > > > > ________________________________ > > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > > mailto:IPADDUnite%40 > > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > > Subject: SSI $$ limits > > > > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > > that a person on SSI can have in savings/checking account without being > > > penalized ? > > > > > Thanks, > > > > > Maureen > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 Publication 17, Chapter 3, Page 33 states: " Support provided by the state (welfare, food stamps, housing, etc.). Benefits provided by the state to a needy person generally are considered support provided by the state. However, payments based on the needs of the recipient will not be considered as used entirely for that person's support if it is shown that part of the payments were not used for that purpose. " Medicaid and the home based waiver is provided by the state. Besides taking a test, an enrolled agent is required to take 72 cpe hours for every enrollment period. An enrolled agent may represent clients before the IRS, like CPAs and lawyers. Anyone who prepares a tax return for a fee can be called a tax practitioner. Putting EAs in the same category is like putting CPAs and accountants in the same category. > > > > > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Ãâ\ €¦Ã‚¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'â\ €šÃ‚¢s checking > > > > account went up over $1500 or $1600 for about a two-month period, that it > > > > triggered a ÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬ÅÂÂ\ ¡ÃƒÆ'‚¬ÃÆ'Æ'‹ÃÆ'… " reviewÃÆ'Æ'Æ'ÃÆ'â\ €šÃ‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¡ÃÆ'‚ÂÂ\ ¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'‚¢ by our local Social Security office? > > > > Seems to me thatÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Ãâ€\ ¦Ã‚¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'ââ\ ‚¬Å¡Ãƒâ€šÃ‚¢s what our nice Social Security person told me. She > > > > wasnÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Ãâ€\ ¦Ã‚¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'ââ\ ‚¬Å¡Ãƒâ€šÃ‚¢t disqualified, but it did trigger a review (which we did by > > > > phone). Just didnÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Ãâ€\ ¦Ã‚¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'ââ\ ‚¬Å¡Ãƒâ€šÃ‚¢t want people to be surprised. > > > > > > > > > > > > was working at the time and had gotten a few paychecks that > > > > coincided with her PSWÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Å\ ¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¢s being on vacation or sick, so her expenses > > > > werenÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬Ãâ\ €¦Ã‚¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'â\ €šÃ‚¢t as high as they normally are; hence, the higher checking > > > > account balance. > > > > > > > > > > > > Pls correct me if IÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢ÃÆ'¢â‚¬ÅÂ\ ¡ÃÆ'‚¬ÃÆ'Æ'¢ÃÆ'¢â‚¬Å¾ÃÆ'â€Å\ ¡Ãƒâ€šÃ‚¢m wrong in remembering. Thanks! > > > > > > > > > > > > L. > > > > > > > > > > > > From: Sherri Schneider > > > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > > > To: _IPADDUnite <mailto:_IPADDUnite%40><mailto:_IPADDU\ nite%40><mailto:_IPADDUnite%40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40><mailto:I\ PADDUnite%40><mailto:IPADDUnite%40>) > > > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > > > checking account > > > > > > savings account > > > > > > stocks > > > > > > bonds > > > > > > IRA > > > > > > certificate of deposit > > > > > > Money Market > > > > > > 401K > > > > > > cash value of life insurance - if they are the owner > > > > > > savings bonds > > > > > > annuity > > > > > > cash on hand or in a safe deposit box > > > > > > brokerage account > > > > > > > > > > > > They can have an unlimited amount in a correctly written special needs > > > > trust. > > > > > > > > > > > > ________________________________ > > > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > > > mailto:IPADDUnite%40 > > > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > > > Subject: SSI $$ limits > > > > > > > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > > > that a person on SSI can have in savings/checking account without being > > > > penalized ? > > > > > > Thanks, > > > > > > Maureen > > > > > > > > > > Quote Link to comment Share on other sites More sharing options...
Guest guest Posted December 7, 2011 Report Share Posted December 7, 2011 I probably should not respond, for I do not desire to be argumentative, but I am aware of numerous families who have lost on the issue on audit. Let’s just say that I am confused as to the “point†that is attempting to be made. The first email stated that:: “And an enrolled agent, responded with: The day care program is considered medical care just like it would be for anyone who needs 24-hour supervision. In this respect, I THINK this is treated as " Benefit payments from a public welfare fund " and therefore, is NOT COUNTED in the support calculation, either.†The second email then quoted Publication 17 (which is neither law nor regulation – again I worked in the Chicago District IRS Audit Division for nearly a decade, first as an IRS Agent and then as an IRS Attorney, before my son with Autism was born…However, even the Pub 17 provision that was quoted states: “Benefits provided by the state to a needy person GENERALLY ARE CONSIDERED SUPPORT provided by the state. However, payments based on the needs of the recipient will not be considered as used ENTIRELY for that person's support IF it is shown that PART of the payments were NOT USED for that purpose " Not exactly as the “enrolled agent†stated that it “is not counted in the support calculationâ€. Therefore, even Pub 17 (though not the IRS Code nor IRS Regulations) provides that the burden is on the taxpayer to rebut the presumption that it is not support, or not entirely support provided by the state. Maybe it would be better to simply state that parents should be aware of the issue, secure competent tax advice, and if they elect to claim their child as a dependent, to be prepared to have to rebut the presumption with sufficient written documentation. I promise I am “done†with this email string. I promise that I will not post again on this matter. _____________________________________________________ Rubin* [cid:image002.jpg@...] * Member by invitation of SNA, the Special Needs Alliance. SNA is the national non-profit association of experienced " Special Needs Planning " Attorneys. Rubin is a member of SNA’s Board of Directors. Click for more information.<http://www.specialneedsalliance.org/> *Member of the Special Needs Law Steering Committee of NAELA, the National Academy of Elder Law Attorneys. * Was a Charter Member of the Academy of Special Needs Planners * Rubin has been awarded the dale Hubbell Peer Review<http://martindale.com/> Rating of AV Preeminent, the highest rating given<http://martindale.com/>. Click for more information<http://martindale.com/-N-Rubin/903577-lawyer.htm?view=cr> * Rubin is the President of the Arc of Illinois<http://www.thearcofil.org/> * For more information about Rubin<mailto:brian@...>, please visit www.rubinlawcorp.com<http://www.rubinlawcorp.com/> Notices: 1. This message does not create an attorney-client relationship, and is not legal advice absent such a relationship with the recipient. This message may contain confidential information protected by the attorney-client and/or work product privilege. The information is only for the use of the intended recipient. If you are not such recipient, disclosure, copying, distribution or reliance upon this e-mail is strictly prohibited. If you have received this transmission in error, please notify Rubin Law, a professional corporation, by e-mail and destroy the original message and all copies. 2. IRS CIRCULAR 230 NOTICE: TO THE EXTENT THAT THIS MESSAGE OR ANY ATTACHMENT CONCERNS TAX MATTERS, IT IS NOT INTENDED TO BE USED AND CANNOT BE USED BY A TAXPAYER FOR THE PURPOSE OF AVOIDING PENALTIES THAT MAY BE IMPOSED BY LAW. 3. Disclaimer Regarding Electronic Signature. If this communication concerns negotiation of a contract or agreement, electronic signature rules do not apply to this communication: contract formation in this matter shall occur only with manually-affixed original signatures on original documents. The Signature given hereon is not an electronic signature and is provided only for the purposes of providing information as to the identity of the sender and for no other purpose(s) whatsoever. From: IPADDUnite [mailto:IPADDUnite ] On Behalf Of cmfinato Sent: Wednesday, December 07, 2011 9:28 PM IPADDUnite Subject: Re: SSI $$ limits Publication 17, Chapter 3, Page 33 states: " Support provided by the state (welfare, food stamps, housing, etc.). Benefits provided by the state to a needy person generally are considered support provided by the state. However, payments based on the needs of the recipient will not be considered as used entirely for that person's support if it is shown that part of the payments were not used for that purpose. " Medicaid and the home based waiver is provided by the state. Besides taking a test, an enrolled agent is required to take 72 cpe hours for every enrollment period. An enrolled agent may represent clients before the IRS, like CPAs and lawyers. Anyone who prepares a tax return for a fee can be called a tax practitioner. Putting EAs in the same category is like putting CPAs and accountants in the same category. > > > > > > > > > > > > Sherri, am I remembering correctly, once when ÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢s checking > > > > account went up over $1500 or $1600 for about a two-month period, that it > > > > triggered a ÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'‹ÃÆ'Ã\ ¢â‚¬Â¦ " reviewÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢ by our local Social Security office? > > > > Seems to me thatÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢s what our nice Social Security person told me. She > > > > wasnÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢t disqualified, but it did trigger a review (which we did by > > > > phone). Just didnÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢t want people to be surprised. > > > > > > > > > > > > was working at the time and had gotten a few paychecks that > > > > coincided with her PSWÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢s being on vacation or sick, so her expenses > > > > werenÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢t as high as they normally are; hence, the higher checking > > > > account balance. > > > > > > > > > > > > Pls correct me if IÃÆ'Æ'Æ'ÃÆ'‚¢ÃÆ'Æ'¢Ã\ Æ'¢â‚¬Å¡ÃÆ'ââ‚\ ¬Å¡Ãƒâ€šÃ‚¬ÃÆ'Æ'¢ÃÆ'¢ÃÃ\ ‚¢Ã¢â‚¬Å¡Ã‚¬Ã…¾ÃÆ'‚Â\ ¢m wrong in remembering. Thanks! > > > > > > > > > > > > L. > > > > > > > > > > > > From: Sherri Schneider > > > > > > Sent: Monday, December 05, 2011 9:25 PM > > > > > > To: _IPADDUnite <mailto:_IPADDUnite%40><mailto:_IPADDU\ nite%40><mailto:_IPADDUnite%40><mailto:_IPADDUnite\ %40>_ (mailto:IPADDUnite <mailto:IPADDUnite%40><mailto:I\ PADDUnite%40><mailto:IPADDUnite%40><mailto:IPADDUn\ ite%40>) > > > > > > Subject: Re: SSI $$ limits > > > > > > > > > > > > > > > > > > A single individual on SSI can have LESS than a TOTAL of $2000 in: > > > > > > checking account > > > > > > savings account > > > > > > stocks > > > > > > bonds > > > > > > IRA > > > > > > certificate of deposit > > > > > > Money Market > > > > > > 401K > > > > > > cash value of life insurance - if they are the owner > > > > > > savings bonds > > > > > > annuity > > > > > > cash on hand or in a safe deposit box > > > > > > brokerage account > > > > > > > > > > > > They can have an unlimited amount in a correctly written special needs > > > > trust. > > > > > > > > > > > > ________________________________ > > > > > > From: autismmom58 <mailto:bittomom%40sbcglobal.net> > > > > > > mailto:IPADDUnite%40 > > > > > > Sent: Monday, December 5, 2011 9:07 PM > > > > > > Subject: SSI $$ limits > > > > > > > > > > > > > > > > > > Could someone please refresh my memory about what is the total $ limit > > > > that a person on SSI can have in savings/checking account without being > > > > penalized ? > > > > > > Thanks, > > > > > > Maureen > > > > > > > > > > Quote Link to comment Share on other sites More sharing options...
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