You don’t unless
-you are making a draw on company funds for personal use
-your mother is an officer or member with guaranteed payment or otherwise is entitled the stipend
At 1360 per month, if two of you are involved in the gift to her then it falls below threshhold requiring gift tax
Resolution for 'company funds issue: 'We give our mother 1360 a month to live on. How do I log this in QB?' available: Yes.
The company funds issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the company funds issue yourself by looking for a resolution described in the article. If it is a complex company funds issue or you are unable to solve the issue, you may contact us by clicking here or by using other company funds support options.
For more information about resolving issues related to company funds in Quickbooks/QBO or to get support for the issue 'We give our mother 1360 a month to live on. How do I log this in QB?', click the link below: