March 01, 2017
Tax relief for student loans, abandoned assets waiting for you, Tom Brady’s Super Bowl tax break, tax credits for child and dependent care, and more. Here’s what’s trending in estate planning and wealth management.
Did you know that you may have assets waiting to be collected at your state’s unclaimed property office?—Sarah LaBeche
Foreign account reporting continues to be a “hot button” for the IRS and due diligence has never been more important. Don’t let the new Report of Foreign Bank & Financial Accounts (“FBAR”) filing deadline of April 18, 2017 slip away.—Eric Cunnane, Anne B. Covert
You may be able to claim a deduction on your federal income tax return for the interest portion of your student loan payment.—Amy Bidleman
You’ve received a Form 1095-C. Now what?—Tiffany Wong
If a child has unearned income over $2,100, the child’s parents will be subject to the kiddie tax.—Yelena Kuznetsova
Are you paying child and dependent care expenses? If so, you may be eligible to claim a tax credit for your expenses.—Darrell Kamholz
The Patriots lucked out this year. Not because of their unbelievable comeback, but because the Super Bowl was held in Texas, a state with no income tax!—Thomas A. Stedman
Here’s what you need to know about the private debt collection agencies authorized to collect delinquent taxes on behalf of the IRS.—Mary M. Paul
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