‘She's not the most technology-literate person, and doesn't want to hassle my stepdad each time she wants to pay for stuff.'
Dear Quentin, My mother does a lot of shopping on Facebook, using Zelle , CashApp, Venmo or Paypal PYPL, -2.34%. She’s not the most technology-literate person, and doesn’t want to hassle my stepdad each time she wants to pay for stuff. So now I use my checking account to send money by Zelle to these sellers.
I’m constantly sending out payments in Zelle, and depositing cash weekly in my bank account. Will the bank report the cash deposits to the Internal Revenue Service, and will the IRS think I’m not reporting extra income? Or will they suspect me of anything illegal because of all the activities?You can email The Moneyist with any financial and ethical questions related to coronavirus at [email protected], and follow Quentin Fottrell on Twitter.
It’s time to ask your mother what she is buying, why she needs it and what God-shaped hole these purchases are filling in her life. And, yes, it’s time for you to sit down with your father and explain what’s going on. If your mother does not have a shopping addiction — or the beginnings of one — she would not have kept it a secret in the first place, and would not mind you mentioning it to your father.
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