An innovative periodic payment solution for settlements related to employment disputes such as wrongful termination, discrimination or harassment, provides an opportunity to receive income in a more tax-efficient manner. Read the Article...
When settling cases that do not qualify under IRC Section 130, claimants and their attorneys can utilize a non-qualified assignment to spread tax obligations throughout future years. Read the Article...
When comparing settlement options & monthly income strategies, a structured settlement can provide just the right combination of upfront cash and guaranteed monthly payments. Read the Article...
A 2005 U.S. Supreme Court ruling established that in certain types of contingency fee arrangement cases, the attorney fee portion of the recovery must be included in the Plaintiff’s gross income. Including the attorney portion of the recovery in gross income, without a corresponding deduction, results...
Warren Buffett addressed questions about structured settlements at a recent Berkshire Hathaway annual meeting....
Attorneys can realize some of the same benefits as clients by electing to receive contingent fees in future periodic payments, recognizing taxable income as payments are received, as opposed to immediate taxation of the entire fee. Read the Article ...