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Reply to "What Happens If Your Family Compensates You For Health Insurance......."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't think you understand my question. Is there any type of penalty if a lump sum payout is given to me on the understanding that is used for health insurance and it is NOT used for health insurance?[/quote] Yes, it’s fraud...[/quote]Fraud how? How would it be traced?[/quote] This is income pulled out without being taxed. It’s still reported to the IRS. If the nanny gets audited, yes, it’s fraud...[/quote]
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