Articles Posted in 468B Qualified Settlement Funds

October 10, 2006

468B Single Claimant Guidance Request on Treasury’s 2006 Priority Plan.

The Treasury Department has announced that the Society of Settlement Planner’s request to clarify section 468B’s tax treatment of a single-claimant qualified settlement fund is on their 2006 Priority Guidance Plan. In its August 15, 2006 joint statement it stated that the 264 projects should be completed between June 2006 and July 2007. This request has been with Treasury since June 19, 2003. http://www.irs.gov/pub/irs-utl/2006-2007pgp.pdf.

Paul J. Lesti

Paul J. Lesti, CSSC, RSP, MSSC is the President and CEO of Lesti Structured Settlements, Inc. He has served as an expert witness in Structured Settlements, Economics, and Periodic Payment of Judgments. He is the author of Structured Settlements 2d, published by West - Thomson Reuters. Paul is a member of the National Structured Settlement Trade Association and the Society of Settlement Planners. He is a founding board member of the SSP. He holds a degree in Economics from the University of California, Berkeley, the NSSTA certification as a Certified Structured Settlement Consultant, CSSC, developed in conjunction with the executive program at the University of Notre Dame, the designation of a Registered Settlement Planner, RSP, through Texas Tech University, and Master Structured Settlement Consultant, MSSC, by NSSTA in cooperation with The University of Notre Dame, 2015.