SCOTUS accepts case of autistic child to rule on education benefits for kids with disabilities

The U.S. Supreme Court has agreed to hear the case of an autistic child who is attending private school because his parents were dissatisfied with the educational help provided by his public school in Colorado. The parents of Endrew F. are seeking reimbursement of the private-school tuition on the ground that the public school failed to provide an appropriate education as required by the Individuals with Disabilities Education Act. The school failed to deal with Endrew’s behavior issues that included … Continued

Tax Court Allows Estate A Theft Loss Deduction For Property Held By LLC

In the following case, the Tax Court addressed a matter of first impression: whether an estate could take a theft loss deduction relating to property held by an LLC (and not the estate directly). The decedent died owning a 99% interest in a LLC; the LLC’s only asset was an account that fell victim to a Ponzi scheme. The estate claimed a theft loss deduction representing the amount of the value the LLC reported on the estate tax return and … Continued

Most People Need Not Worry About Estate Taxes

Welcome news: As of 2016, if you die with less than $5.45 million in assets — or $10.9 million if you’re married — your estate won’t owe federal estate tax. Surprised? Most people are. As a financial planner, I come across many people who list avoiding estate tax as a top priority in their financial plan. But in reality, very few people accumulate enough wealth to make federal estate tax an issue. Small minority hit with tax Some people might … Continued

Louisiana can’t withhold Medicaid funds from Planned Parenthood, 5th Circuit rules

The New Orleans-based 5th U.S. Circuit Court of Appeals on Wednesday upheld a lower court’s injunction against Louisiana’s attempt to defund Planned Parenthood. A three-judge appellate panel said the health services provider likely would prevail at trial because plaintiffs would be denied both access to and choice of a medical provider, the Associated Press reported. The bid to withhold Medicaid funds from Planned Parenthood was launched under then-Gov. Bobby Jindal, a Republican, and continued under the new governor, John Bel … Continued

Law School cuts Tuition by 35 %

The University of Tulsa College of Law, a private institution, is reducing tuition and ending its regional scholarship plan for the next school year. This year, tuition at the law school is $37,960, the National Jurist reports. In 2017, it will be $24,600. TU Law announced the new tuition level earlier this month. “This tuition reduction is designed to be really transparent about the cost of legal education,” said Lyn Entzeroth, the law school’s dean, to the National Jurist. Tuition … Continued