NYEXPAT
Thinks s/he gets paid by the post
My Father will be 99 this year and has a history of “secretly working”. He sold his “1 man company” back when he was 65 in order to get SS, which was denied as they thought he was still working, He moved out of state and reapplied two years later and started receiving benefits. Several years later in his 70's my Mom confronted him and he admitted he was working again. We children did not find out until he was 84 and my oldest sister got him to stop for liability reasons. My mom passed away 8 years ago and he has been on his own since then. I remember a few years ago in a telephone call he complained to me that he paid $65k in income taxes that year. I thought it was just capital gains tax or something and did not give it another thought. Then two years ago, he said that he did not think he would live much longer and wanted to make as much money as he could before passing. I thought it was odd as he never spends money on himself and donates lots to charities and the republican party. But, again I never said anything. Last week he said that for 2016 he reported $140,000 on his tax return and had no capital gains. I know he tapped out his IRA (only non-taxable account) at least 2 years ago. All his assets are in a trust that is controlled by a non family member. He has a checking account and a few credit cards and need to ask the trust manager to put money in his account. So, I suspect he is working again!