Here is some information that may be helpful when considering selling your payment rights to your Structured Settlement per the Consumer Finance Protection Board. What you should know before giving up your Structured Settlement payments.
Articles Posted in Structured Settlements
Structured Settlement article on cbsnews.com
This is a good article about Structured Settlements. The quote by Professor Christopher Coyne, a St. Joseph’s University finance professor is very insightful. He said, “Conventional investing logic doesn’t apply for plaintiffs in injury or wrongful death accidents. Guaranteed income is vital and few have experience creating plans to meet…
Murphy v. IRS decision – Damages and taxation – Comments
Here is a pdf of the Murphy v. IRS case Murphy v. IRS — F.3d — 2006 WL 24113372, D.C. Cir., Aug. 22, 2006 (Slip opinion No. 05-5139). There has been an AP wire article on this that was carried in the New York TImes see New York Times .…
Murphy v. IRS: IRC 104(a)(2) nonphysical damages are excludable (Overturned but interesting reasoning)
Murphy v. I.R.S. — F.3d — 2006 WL 24113372, D.C.Cir., Aug 22, 2006 (Slip Opinion No. 05-5139). Quick summary What the Murphy court said is if you are emotionally harmed or if your reputation is injured, you get to keep all of the damages and not pay any taxes. [Please…
Welcome
Welcome to my blog. I consider myself to be a student of Structured Settlements. One goal of this blog is to relay interesting information about this topic to readers. Please let me know if I can ever improve on this goal.