Need more information about structured settlements, risk management, legislation or related industries? Here are Internet links that you may find relevant.
American Trial Lawyers Association
American Bar Association
This is the summary provided by Tax Analysts on structured attorney fees. Rights to future payments not includable in income.
Click here to download the Childs case.
U.S. House of Representatives
IRS Forms and Publications
Code Section 104 describes what income is exempt from federal income-tax.
Click here to download a copy of the IRS code.
Code Section 130 covers the process of transferring the future payment obligation to a third party. It also covers the tax treatment of the funds that flow from the defendant/insurer to the assignment company, then to the life insurance company issuing the annuity.
Click here to download this IRS tax code.
Copy of Memorandum retrieved from TaxAnalysts regarding the IRS position on taxation of damages for victims of Wrongful Incarceration.
This is the IRS guide to determining taxability of damages paid for various claims or lawsuits.
Click here to download the IRS MSSP Audit Guide.
Revenue Procedure 93-34 allows physically injured individuals receiving settlements from mass tort claims (468(B)) to structure their settlements, and allows the fund to assign its obligation to a third party.
Click here to download a copy of Revenue Procedure 93-34.
This ruling made by the IRS set a precedent for the public in dealing with periodic payment settlements. This ruling assures each periodic payment will flow tax-free on personal injury cases if these procedures are followed.
Click here to download a copy of the Revenue Ruling.
Martindale Legal Directory
MediSolutions© is a comprehensive solution offered by EPS and Medivest to Medicare compliance for liability settlements.
National Association of Insurance Commissioners
IFS obtains favorable Private Letter Ruling on resolving taxable claims with periodic payments
U.S. Senate