Kristopher Hillsman

Kristopher Hillsman

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26 Author´s Articles
Do you claim structured settlement on taxes?

Do you claim structured settlement on taxes?

Because structured settlements for compensatory damages are exempt from tax, so are profits from the sale of future...

What types of cases are more likely to result in structured settlements?

What types of cases are more likely to result in structured settlements?

Examples of cases that can result in structured settlements include personal injury, workers' compensation, medical...

Do settlement checks get reported to irs?

Do settlement checks get reported to irs?

If the settlement agreement says nothing about whether the damages are taxable, the IRS will analyze the payer's...

Is money from a settlement taxable income?

Is money from a settlement taxable income?

Settlement money and damages collected in a lawsuit are considered income, which means that the IRS will generally tax...

How much do structured settlement companies charge?

How much do structured settlement companies charge?

Part of the payment calculation is based on the discount rate, which is a percentage of the total settlement amount....

How do structured settlement companies make money?

How do structured settlement companies make money?

Structured settlement purchasing companies, also known as factoring companies, provide services to those who sell their...

How much do structured settlement companies take?

How much do structured settlement companies take?

It should also be considered how factoring companies make profits by purchasing structured settlements. In general,...

Are structured settlements safe?

Are structured settlements safe?

Structured settlements are one of the safest and most stable investments in the market. The rate of return is fixed when...

Can you buy a house with a structured settlement?

Can you buy a house with a structured settlement?

In short, structured settlements can be an excellent proof of income for mortgage lenders. As long as you can document...

Who owns the annuity in a structured settlement agreement?

Who owns the annuity in a structured settlement agreement?

A settlement agreement that provides for structured settlement will normally expressly state that the assignment company...

Does a settlement payment count as income?

Does a settlement payment count as income?

Settlement money and damages collected in a lawsuit are considered income, which means that the IRS will generally tax...

Can you cash out a structured settlement?

Can you cash out a structured settlement?

If you have a structured settlement where you receive your personal injury claim, award, or settlement over time, you may ...

What is the benefit of a structured settlement?

What is the benefit of a structured settlement?

Structured settlements are great options for many different cases, such as personal injury lawsuits, mass torts, and...

What percentage of a structured settlement does jg wentworth take?

What percentage of a structured settlement does jg wentworth take?

Many of us have experienced moments, especially in recent years, when a large sum of money could have solved a financial...

What percentage do structured settlement companies take?

What percentage do structured settlement companies take?

Part of the payment calculation is based on the discount rate, which is a percentage of the total settlement amount....

Do i have to report settlement money to irs?

Do i have to report settlement money to irs?

The general rule of taxation for amounts received from resolution of claims and other legal remedies is Section 61 of the ...

Do structured settlements earn interest?

Do structured settlements earn interest?

A structured settlement often yields, in total, more than a lump sum payment would because of the interest your annuity...

How does a structured settlement annuity work?

How does a structured settlement annuity work?

When the defendant and plaintiff agree to resolve a lawsuit with a structured agreement, the parties negotiate a cash...

What are the benefits of a structured settlement?

What are the benefits of a structured settlement?

Advantages of a Structured AgreementAdjustments for cost of living. A structured agreement can be established taking into ...

Is a structured settlement annuity taxable?

Is a structured settlement annuity taxable?

Structured settlement annuities are not taxable, they are completely tax-exempt. Because structured settlements for...

Can i get a mortgage with a structured settlement?

Can i get a mortgage with a structured settlement?

In short, structured settlements can be an excellent proof of income for mortgage lenders. As long as you can document...

How are settlements reported to irs?

How are settlements reported to irs?

If you receive a taxable court settlement, you could receive Form 1099-MISC. An agreement or judgment can provide for an...

What is a structured settlement firm?

What is a structured settlement firm?

Structured settlement purchasing companies, also known as factoring companies, provide services to those who sell their...

What is better a lump sum or structured settlement?

What is better a lump sum or structured settlement?

A lump-sum payment is generally preferable to a structured settlement in an injury case, but there are some exceptions....