In addition to possibly being liable for twice or more the amount gained from financial elder abuse, a person committing financial elder abuse is also liable for paying taxes on the gain procured by the abuse.
The Internal Revenue Service sued caregiver Angelina Alhadi for, among many other claims, her failure to report and pay taxes on the unlawful incomes of $451,891.05 in year 2007 and $474,983.22 in year 2008, which were obtained from committing financial elder abuse against the 91 year old man to whom she provided caregiving services. The court found Alhadi earned $451,891.05 in year 2007 and $474,983.22 in year 2008 from her illegal conduct of financial elder abuse and imposed tax liabilities and penalties against Alhadi. Angelina Alhadi v. Commissioner of Internal Revenue.
- Resources to Prevent and Stop Elder Neglect & Financial Abuse
- Use Collaborative Practice to Prevent Elder Care and Financial Abuse