Medicaid Waiver Payments

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  • Bonnie
    Senior Member
    • Jan 2007
    • 568

    #1

    Medicaid Waiver Payments

    Wondering if anyone has dealt with the new law that says Medicaid Waiver payments are now non taxable if the taxpayer lives in the home with the payee? What is proper way of handing this? I've heard a couple different ways of handling the W-2 which is issued and has to be accounted for.
  • TaxGuyBill
    Senior Member
    • Oct 2013
    • 2321

    #2
    Here is an IRS FAQ: http://www.irs.gov/Individuals/Certa...le-From-Income

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    • mastertaxguy
      Senior Member
      • Mar 2013
      • 408

      #3
      Medicaid waiver payments

      Originally posted by Bonnie
      Wondering if anyone has dealt with the new law that says Medicaid Waiver payments are now non taxable if the taxpayer lives in the home with the payee? What is proper way of handing this? I've heard a couple different ways of handling the W-2 which is issued and has to be accounted for.
      Also see TTB P. 5-18.

      As this ruling/notice was retroactive to open tax years do not overlook possible amendments for earlier tax years if applicable to your client/fact situation.
      Friends double; family triple. Don't buy an audit for yourself. If someone has to go to jail make sure it is the client. Remember it is only taxes, nothing important.

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