This package is important for use in helping your aging parent organize their legal affairs as they begin to enter a later stage of life. It contains state-specific and multi-state documents that will help you in preparing your aging parent for and protecting your aging parent from events that may affect their health, finances and affairs after their death and are vital for your aging parent to maintain on file and safeguard in the event of an emergency or unforeseen life event.
The documents in this package include the following:
1) Last Will and Testament that suits your parent’s specific needs
2) Advance Health Care Directive(s)
3) General Power of Attorney effective immediately
4) Estate Planning Questionnaire and Worksheet
5) Financial Statement for an Individual
6) Personal Property Inventory sheet
7) Personal Planning Information and Document Inventory Worksheets
8) Agreement for Home Health Care by a Nursing Service
Purchase this package and save up to 40% over purchasing the forms separately!
PASS 702 is a form used by the Internal Revenue Service (IRS) to certify that an individual or entity has not received any income for the tax year stated on the form. This document, along with supporting documentation, is required to prove the absence of income, particularly if there is no Form 1099 reporting income. Form 1099 is a series of documents used by businesses and other payers to report various types of income, such as interest, dividends, or earnings from self-employment. However, not all sources of income are required to be reported on Form 1099, which is where PASS 702 comes into play. There are several scenarios where individuals or entities may need to provide proof of no income without a 1099. Some different types of PASS 702 proof of no income without 1099 include: 1. Unemployed individuals: If an individual was unemployed for the tax year in question and did not receive any income, they may need to complete PASS 702 to certify their lack of income. This is especially important if they did not receive any unemployment benefits or similar assistance. 2. Small business owners or self-employed individuals: In some cases, small business owners or self-employed individuals may not have received any income that requires Form 1099 reporting. This could be due to a downturn in business, the absence of clients, or any other legitimate reason. When this is the case, they may need to file PASS 702 to provide proof of no income without a 1099. 3. Individuals relying on savings or investments: If an individual had no taxable income for the tax year and relied solely on their savings, investments, or other non-taxable sources of funds, they may need to submit PASS 702 as evidence of their income status. It's important to note that each case may require specific documentation to accompany PASS 702. This could include bank statements, financial statements, or any other relevant data that supports the claim of no income without a 1099. It's crucial to consult with a tax professional or refer to IRS guidelines to ensure compliance with the necessary requirements and procedures for submitting PASS 702.
