Taxation of Structured Settlements
September 29th, 2011
A lot of potential clients will ask about the taxation of structured settlements. We’re here to explain.
When it comes to taxes or paying taxes on anything, most of us agree that we don’t like the pinch of taxation. Still, there are others, much like myself, who don’t mind paying taxes because I know it helps the Country and is sorely needed for obvious reasons.
Whenever you sue another person and win, you don’t expect a taxation of structured settlements, particularly yours!
You can choose a lump sum or choose to have your income be exempt of taxation. It can be arranged that there is no taxation of structured settlements, annuity-holders, do not have to pay taxes on their earnings. Can I purchase an income tax free structured settlement annuity?
IRC Section 104 (a)(2) states that there be provisions for the income tax free receipt of payments on personal injury or sickness. This is very cool in my opinion.
Read ” Structured Settlement Factoring ” now!
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Cheryl Clermont, IN“I was going to lose my house if I didn't get cash in a hurry. With help from Sovereign Funding I was able to get my money quickly and keep my house. Thank you ...
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Not paying taxes on anything is very cool in my opinion,so this is great news!
I just had to come back and read this again, I have a personal injury lawsuit in motion and this is very good news to me.