Minnie Wuestenberg

Minnie Wuestenberg

Total pop culture nerd. Hardcore twitter guru. Incurable foodaholic. Hardcore troublemaker. Friendly coffee lover. Unapologetic food junkie.

190 Author´s Articles
How do structured annuities work?

How do structured annuities work?

A structured annuity provides exposure to stock markets, giving you the growth potential you need to achieve your goals....

Is a settlement check considered income?

Is a settlement check considered income?

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

What percentage does jg wentworth take?

What percentage does jg wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

How much interest does a structured settlement earn?

How much interest does a structured settlement earn?

The internal rate of return for many structured settlement payments is quite attractive in today's market; rates above 4% ...

Do you have to claim a settlement on your taxes?

Do you have to claim a settlement on your taxes?

Generally speaking, any settlement or judgment amount you receive as compensation for loss of income is subject to income ...

Is a lump sum settlement considered income?

Is a lump sum settlement considered income?

This is because liquidation money is not considered traditional income by the government. Instead, it's compensatory,...

How many structured settlements are there in the us?

How many structured settlements are there in the us?

There are 47 states with structured settlement protection laws, created by a model promulgated by the National Conference ...

How long do structured settlements take?

How long do structured settlements take?

Statutory settlements can be paid in a single lump sum or through a structured settlement in which periodic payments are...

How do you get a structured settlement?

How do you get a structured settlement?

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

How do you get a structured settlement?

How do you get a structured settlement?

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

Can you take money out of a structured settlement early?

Can you take money out of a structured settlement early?

If you recently purchased your annuity, selling future payments may be a better option. Unlike people who purchased...

Do you have to pay taxes on a structured settlement?

Do you have to pay taxes on a structured settlement?

If a structured settlement is sold in exchange for a lump sum, those funds are generally not taxable. By law, in most...

How do you structure a settlement?

How do you structure a settlement?

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

Who owns the annuity in a structured settlement?

Who owns the annuity in a structured settlement?

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

What percentage does j.g. wentworth get?

What percentage does j.g. wentworth get?

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

How do i report a settlement to the irs?

How do i report a settlement to the irs?

Attach to your return a statement showing the total amount of the settlement minus related medical costs that were not...

What is a structured settlement loan?

What is a structured settlement loan?

Simply put, a structured settlement is not a loan or a bank account, and the only way to receive money from your...

What part of a settlement is taxable?

What part of a settlement is taxable?

Punitive damages and interest are taxable Any pre-trial or post-trial interest on settlement money is taxable and may...

What is the rate of return on a structured settlement?

What is the rate of return on a structured settlement?

Would it surprise you to learn that, at current rates, a traditional balanced mutual fund would have to guarantee you an...

Can i get a loan on a structured settlement?

Can i get a loan on a structured settlement?

There's no such thing as a structured settlement loan. These are usually factoring companies that actually buy your...

Is a structured settlement guaranteed?

Is a structured settlement guaranteed?

Learn more about life insurance companies and their financial ratings. JavaScript has been disabled in this browser.

Is settlement money considered income?

Is settlement money considered income?

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

What part of a settlement is taxable?

What part of a settlement is taxable?

Punitive damages and interest are taxable Any pre-trial or post-trial interest on settlement money is taxable and may...

How long do structured settlements take?

How long do structured settlements take?

Statutory settlements can be paid in a single lump sum or through a structured settlement in which periodic payments are...

Is a structured settlement guaranteed?

Is a structured settlement guaranteed?

Learn more about life insurance companies and their financial ratings. JavaScript has been disabled in this browser.

Will i get a 1099 for a lawsuit settlement?

Will i get a 1099 for a lawsuit settlement?

There is also an exception for taxable settlements. If all or part of your agreement was for back wages from a W-2 job,...

What settlements are not taxable?

What settlements are not taxable?

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

How does j.g. wentworth make their money?

How does j.g. wentworth make their money?

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

Can you buy a structured settlement?

Can you buy a structured settlement?

A structured settlement purchasing company, also known as a factoring company, purchases all or a portion of its future...

Can you take money out of a structured settlement early?

Can you take money out of a structured settlement early?

If you recently purchased your annuity, selling future payments may be a better option. Unlike people who purchased...

What is a structured settlement loan?

What is a structured settlement loan?

Simply put, a structured settlement is not a loan or a bank account, and the only way to receive money from your...

How do structured settlement companies work?

How do structured settlement companies work?

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

What companies buy annuity payments?

What companies buy annuity payments?

DRB Capital, Fairfield Funding and CBC Settlement Funding are some examples of companies that buy structured settlements...

Who owns the annuity in a structured settlement?

Who owns the annuity in a structured settlement?

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

Can structured settlements be garnished?

Can structured settlements be garnished?

In most cases, workers' compensation agreements are exempt from garnishment, as are other types of agreements. Debt...

Do settlements need to be reported to irs?

Do settlements need to be reported to irs?

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

Are settlement annuities taxable?

Are settlement annuities taxable?

A structured settlement annuity offers a flexible payment design, guaranteed payments, and no annual overhead or fee....

What percentage does j.g. wentworth take?

What percentage does j.g. wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

Who sets up a structured settlement?

Who sets up a structured settlement?

The process of resolving a civil case through a structured settlement involves the person who has been aggrieved (the...

Who owns a structured settlement?

Who owns a structured settlement?

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

What is a structured payout?

What is a structured payout?

Structured agreements are a stream of tax-free payments issued to an injured victim. Settlement payments are intended to...

Can you buy a structured settlement?

Can you buy a structured settlement?

A structured settlement purchasing company, also known as a factoring company, purchases all or a portion of its future...

What is a structured settlement loan?

What is a structured settlement loan?

Simply put, a structured settlement is not a loan or a bank account, and the only way to receive money from your...

Is a lump sum settlement considered income?

Is a lump sum settlement considered income?

This is because liquidation money is not considered traditional income by the government. Instead, it's compensatory,...

What does it mean to structure a settlement?

What does it mean to structure a settlement?

Structured settlements are periodic payments made to a plaintiff who wins or resolves a personal injury claim. Instead of ...

Are settlements reported to the irs?

Are settlements reported to the irs?

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

Do i have to pay taxes on a structured settlement?

Do i have to pay taxes on a structured settlement?

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

What is a structured settlement and how does it work?

What is a structured settlement and how does it work?

A structured settlement is a flow of payments issued to a claimant following litigation or court case. The agreement is...

How do structured settlement companies work?

How do structured settlement companies work?

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

What settlements are not taxable?

What settlements are not taxable?

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

How are settlement payouts taxed?

How are settlement payouts taxed?

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

Do settlements need to be reported to irs?

Do settlements need to be reported to irs?

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

What percentage does jg wentworth take?

What percentage does jg wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

How is settlement income reported?

How is settlement income reported?

If you receive a taxable court settlement, you could receive Form 1099-MISC. Your liquidation income will be reported in...

How do you get a structured settlement?

How do you get a structured settlement?

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

Is a settlement check considered income?

Is a settlement check considered income?

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

What settlements are not taxable?

What settlements are not taxable?

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

What percentage does j.g. wentworth get?

What percentage does j.g. wentworth get?

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

What does it mean to structure a settlement?

What does it mean to structure a settlement?

Structured settlements are periodic payments made to a plaintiff who wins or resolves a personal injury claim. Instead of ...

Do you have to claim a settlement as income?

Do you have to claim a settlement as income?

Generally speaking, any settlement or judgment amount you receive as compensation for lost income is subject to income...

What is a structured payout?

What is a structured payout?

Structured agreements are a stream of tax-free payments issued to an injured victim. Settlement payments are intended to...

Can structured settlements be garnished?

Can structured settlements be garnished?

In most cases, workers' compensation agreements are exempt from garnishment, as are other types of agreements. Debt...

What percentage does j.g. wentworth take?

What percentage does j.g. wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

Are settlements reported to the irs?

Are settlements reported to the irs?

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

How many structured settlements are there in the us?

How many structured settlements are there in the us?

There are 47 states with structured settlement protection laws, created by a model enacted by the National Conference of...

Do i have to pay taxes on a settlement payment?

Do i have to pay taxes on a settlement payment?

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

Who owns the annuity in a structured settlement?

Who owns the annuity in a structured settlement?

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

Are structured settlements good?

Are structured settlements good?

Structured settlements can also be designed to increase payments over the years, starting relatively low and ending...

Will i get a 1099 for a lawsuit settlement?

Will i get a 1099 for a lawsuit settlement?

There is also an exception for taxable settlements. If all or part of your agreement was for back wages from a W-2 job,...

What percentage does jg wentworth take?

What percentage does jg wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

Do you have to claim a settlement on your taxes?

Do you have to claim a settlement on your taxes?

Generally speaking, any settlement or judgment amount you receive as compensation for loss of income is subject to income ...

Who owns a structured settlement?

Who owns a structured settlement?

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

What type of settlement is not taxable?

What type of settlement is not taxable?

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

What is a structured settlement and how does it work?

What is a structured settlement and how does it work?

A structured settlement is a flow of payments issued to a claimant following litigation or court case. The agreement is...

How can i avoid paying taxes on a lawsuit settlement?

How can i avoid paying taxes on a lawsuit settlement?

How to Avoid Paying Taxes in a Lawsuit Settlement Physical Injury or Illness. Negotiate the 1099 revenue amount before...

How do i report a settlement to the irs?

How do i report a settlement to the irs?

Attach to your return a statement showing the total amount of the settlement minus related medical costs that were not...

Do you have to pay taxes on a structured settlement?

Do you have to pay taxes on a structured settlement?

If a structured settlement is sold in exchange for a lump sum, those funds are generally not taxable. By law, in most...

What is annuity settlement option?

What is annuity settlement option?

Annuity Settlement Options: One of the unique features of an annuity is the opportunity to choose a settlement option and ...

Are settlement annuities taxable?

Are settlement annuities taxable?

A structured settlement annuity offers a flexible payment design, guaranteed payments, and no annual overhead or fee....

How do i report a settlement to the irs?

How do i report a settlement to the irs?

Attach to your return a statement showing the total amount of the settlement minus related medical costs that were not...

How is settlement income reported?

How is settlement income reported?

If you receive a taxable court settlement, you could receive Form 1099-MISC. Your liquidation income will be reported in...

Is pain and suffering included in gross income?

Is pain and suffering included in gross income?

The answer is that they are not taxable and are excluded from a person's gross income. The IRS excludes from gross income ...

Do i pay taxes on structured settlement?

Do i pay taxes on structured settlement?

Nearly all structured insurance settlements are completely tax-free. This includes federal state taxes %26, taxes on...

Who sets up a structured settlement?

Who sets up a structured settlement?

The process of resolving a civil case through a structured settlement involves the person who has been aggrieved (the...

What companies buy annuity payments?

What companies buy annuity payments?

DRB Capital, Fairfield Funding and CBC Settlement Funding are some examples of companies that buy structured settlements...

Are structured settlements protected from creditors?

Are structured settlements protected from creditors?

In addition, if an injury victim goes into debt and creditors make claims, their assets could be exposed to these claims. ...

Do i pay taxes on structured settlement?

Do i pay taxes on structured settlement?

Nearly all structured insurance settlements are completely tax-free. This includes federal state taxes %26, taxes on...

What is a disadvantage of a structured settlement?

What is a disadvantage of a structured settlement?

A major drawback to a structured agreement is that it can jeopardize the beneficiary's eligibility for public benefits,...

How are settlement payouts taxed?

How are settlement payouts taxed?

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

Do you have to claim a settlement as income?

Do you have to claim a settlement as income?

Generally speaking, any settlement or judgment amount you receive as compensation for loss of income is subject to income ...

How does j.g. wentworth make their money?

How does j.g. wentworth make their money?

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

Do you have to pay taxes on money received from a settlement?

Do you have to pay taxes on money received from a settlement?

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

Is settlement money considered income?

Is settlement money considered income?

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

How can i avoid paying taxes on a lawsuit settlement?

How can i avoid paying taxes on a lawsuit settlement?

How to Avoid Paying Taxes in a Lawsuit Settlement Physical Injury or Illness. Negotiate the 1099 revenue amount before...

How do structured annuities work?

How do structured annuities work?

A structured annuity provides exposure to stock markets, giving you the growth potential you need to achieve your goals....

What type of settlement is not taxable?

What type of settlement is not taxable?

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

Is settlement money considered earned income?

Is settlement money considered earned income?

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

How big is the structured settlement industry?

How big is the structured settlement industry?

With guaranteed long-term income, you'll never have to worry. Congress passed the Periodic Payment Settlement Act in...

Is a settlement considered wages?

Is a settlement considered wages?

According to the IRS memorandum, all settlement payments related to severance, late payment, and prepayment claims are...

What companies buy annuity payments?

What companies buy annuity payments?

DRB Capital, Fairfield Funding and CBC Settlement Funding are some examples of companies that buy structured settlements...

Is a structured settlement guaranteed?

Is a structured settlement guaranteed?

Learn more about life insurance companies and their financial ratings. JavaScript has been disabled in this browser.

What is a structured payout?

What is a structured payout?

Structured agreements are a stream of tax-free payments issued to an injured victim. Settlement payments are intended to...

Can you buy a structured settlement?

Can you buy a structured settlement?

A structured settlement purchasing company, also known as a factoring company, purchases all or a portion of its future...

Is a structured settlement the same as an annuity?

Is a structured settlement the same as an annuity?

Structured settlements are granted to plaintiffs in court cases. Annuities can be purchased by individuals.

What percentage does j.g. wentworth get?

What percentage does j.g. wentworth get?

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

Is a settlement check considered income?

Is a settlement check considered income?

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

What is structured settlement?

What is structured settlement?

Substantive a legal agreement paid as an annuity rather than in a lump sum, usually with certain tax advantages for the...

What is the structured settlement protection act?

What is the structured settlement protection act?

Structured Settlement Protection Laws are laws in 49 states and the District of Columbia that exist to protect payees of...

What is a structured settlement and how does it work?

What is a structured settlement and how does it work?

A structured settlement is a flow of payments issued to a claimant following litigation or court case. The agreement is...

Do you have to claim a settlement as income?

Do you have to claim a settlement as income?

Generally speaking, any settlement or judgment amount you receive as compensation for lost income is subject to income...

Do you have to pay taxes on money received from a settlement?

Do you have to pay taxes on money received from a settlement?

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

What percentage does j.g. wentworth pay?

What percentage does j.g. wentworth pay?

Wentworth may be willing to help, but he will withhold a portion of your payment in return. The total amount you cash out ...

What is the structured settlement protection act?

What is the structured settlement protection act?

Structured Settlement Protection Laws are laws in 49 states and the District of Columbia that exist to protect payees of...

Do settlements need to be reported to irs?

Do settlements need to be reported to irs?

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

Do you have to claim a settlement on your taxes?

Do you have to claim a settlement on your taxes?

Generally speaking, any settlement or judgment amount you receive as compensation for loss of income is subject to income ...

What is a structured settlement company?

What is a structured settlement company?

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

Is a settlement considered wages?

Is a settlement considered wages?

According to the IRS memorandum, all settlement payments related to severance, late payment and prepayment claims are...

What is the purpose of a structured settlement?

What is the purpose of a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

Why do people have structured settlements?

Why do people have structured settlements?

Structured settlements are intended to provide long-term financial security to the injured party. If the amount of money...

What is annuity settlement option?

What is annuity settlement option?

Annuity Settlement Options: One of the unique features of an annuity is the opportunity to choose a settlement option and ...

What is the purpose of a structured settlement?

What is the purpose of a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

Are settlement annuities taxable?

Are settlement annuities taxable?

A structured settlement annuity offers a flexible payment design, guaranteed payments, and no annual overhead or fee....

Do i have to pay taxes on a settlement payment?

Do i have to pay taxes on a settlement payment?

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

How big is the structured settlement industry?

How big is the structured settlement industry?

With guaranteed long-term income, you'll never have to worry. People who need quick access to funds fixed in a structured ...

Is settlement money unearned income?

Is settlement money unearned income?

Since this compensation is intended to replace income, it is not surprising that liquidation amounts for loss of income...

What percentage does j.g. wentworth take?

What percentage does j.g. wentworth take?

JG Wentworth's commissions typically range from 9% to 15% of the total asset value. Your representatives offer free...

Is settlement money unearned income?

Is settlement money unearned income?

Since this compensation is intended to replace income, it is not surprising that liquidation amounts for loss of income...

How are settlement payouts taxed?

How are settlement payouts taxed?

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

Is settlement money considered income?

Is settlement money considered income?

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

Are structured settlements protected from creditors?

Are structured settlements protected from creditors?

In addition, if an injury victim goes into debt and creditors make claims, their assets could be exposed to these claims. ...

Are settlements reported to the irs?

Are settlements reported to the irs?

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

What is the structured settlement protection act?

What is the structured settlement protection act?

Structured Settlement Protection Laws are laws in 49 states and the District of Columbia that exist to protect payees of...

What is a structured settlement company?

What is a structured settlement company?

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

Can i get a loan on a structured settlement?

Can i get a loan on a structured settlement?

There's no such thing as a structured settlement loan. These are usually factoring companies that actually buy your...

Do you have to pay taxes on money received from a settlement?

Do you have to pay taxes on money received from a settlement?

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

Can you cancel a structured settlement?

Can you cancel a structured settlement?

If you have a structured settlement where you receive the adjudication or settlement of your personal injury claim over...

Is pain and suffering included in gross income?

Is pain and suffering included in gross income?

The answer is that they are not taxable and are excluded from a person's gross income. The IRS excludes from gross income ...

What is structured settlement?

What is structured settlement?

Substantive a legal agreement paid as an annuity rather than in a lump sum, usually with certain tax advantages for the...

How can i avoid paying taxes on a lawsuit settlement?

How can i avoid paying taxes on a lawsuit settlement?

How to Avoid Paying Taxes in a Lawsuit Settlement Physical Injury or Illness. Negotiate the 1099 revenue amount before...

Why do people have structured settlements?

Why do people have structured settlements?

Structured settlements are intended to provide long-term financial security to the injured party. If the amount of money...

How is settlement income reported?

How is settlement income reported?

If you receive a taxable court settlement, you could receive Form 1099-MISC. Your liquidation income will be reported in...

How do structured settlement companies work?

How do structured settlement companies work?

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

Why would you get a structured settlement?

Why would you get a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

Why do people have structured settlements?

Why do people have structured settlements?

Structured settlements are intended to provide long-term financial security for the injured party. If the amount of money ...

What type of settlement is not taxable?

What type of settlement is not taxable?

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

Do i pay taxes on structured settlement?

Do i pay taxes on structured settlement?

Almost all structured insurance settlements are completely tax-free. This includes federal state taxes %26, taxes on...

What does it mean to structure a settlement?

What does it mean to structure a settlement?

Structured settlements are periodic payments made to a plaintiff who wins or resolves a personal injury claim. Instead of ...

Will i get a 1099 for a lawsuit settlement?

Will i get a 1099 for a lawsuit settlement?

There is also an exception for taxable settlements. If all or part of your agreement was for back wages from a W-2 job,...

How big is the structured settlement industry?

How big is the structured settlement industry?

With guaranteed long-term income, you'll never have to worry. At the same time, companies that purchase structured...

What is a structured settlement company?

What is a structured settlement company?

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

Do i have to pay taxes on a settlement payment?

Do i have to pay taxes on a settlement payment?

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

Do i have to pay taxes on a structured settlement?

Do i have to pay taxes on a structured settlement?

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

What is annuity settlement option?

What is annuity settlement option?

Annuity Settlement Options: One of the unique features of an annuity is the opportunity to choose a settlement option and ...

What is structured settlement?

What is structured settlement?

Substantive a legal agreement paid as an annuity rather than in a lump sum, usually with certain tax advantages for the...

Who sets up a structured settlement?

Who sets up a structured settlement?

The process of resolving a civil case through a structured settlement involves the person who has been aggrieved (the...

Is settlement money considered earned income?

Is settlement money considered earned income?

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

Why would you get a structured settlement?

Why would you get a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

Who owns a structured settlement?

Who owns a structured settlement?

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

How does j.g. wentworth make their money?

How does j.g. wentworth make their money?

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

Is settlement money considered earned income?

Is settlement money considered earned income?

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

Can structured settlements be garnished?

Can structured settlements be garnished?

In most cases, workers' compensation agreements are exempt from garnishment, as are other types of agreements. Debt...

Is a settlement considered wages?

Is a settlement considered wages?

According to the IRS memorandum, all settlement payments related to severance, late payment, and prepayment claims are...

Can i get a loan on a structured settlement?

Can i get a loan on a structured settlement?

There's no such thing as a structured settlement loan. These are usually factoring companies that actually buy your...

What is a disadvantage of a structured settlement?

What is a disadvantage of a structured settlement?

A major drawback of a structured agreement is that it can jeopardize the beneficiary's eligibility for public benefits,...

How do you structure a settlement?

How do you structure a settlement?

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

How do structured annuities work?

How do structured annuities work?

A structured annuity provides exposure to stock markets, giving you the growth potential you need to achieve your goals....

How much interest does a structured settlement earn?

How much interest does a structured settlement earn?

The internal rate of return for many structured settlement payments is quite attractive in today's market; rates above 4% ...

What is the purpose of a structured settlement?

What is the purpose of a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

How much interest does a structured settlement earn?

How much interest does a structured settlement earn?

The internal rate of return for many structured settlement payments is quite attractive in today's market; rates above 4% ...

What part of a settlement is taxable?

What part of a settlement is taxable?

Punitive damages and interest are taxable Any pre-trial or post-trial interest on settlement money is taxable and may...

Is pain and suffering included in gross income?

Is pain and suffering included in gross income?

The answer is that they are not taxable and are excluded from a person's gross income. The IRS excludes from gross income ...

Do i have to pay taxes on a structured settlement?

Do i have to pay taxes on a structured settlement?

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

How many structured settlements are there in the us?

How many structured settlements are there in the us?

There are 47 states with structured settlement protection laws, created by a model enacted by the National Conference of...

Can you take money out of a structured settlement early?

Can you take money out of a structured settlement early?

If you recently purchased your annuity, selling future payments may be a better option. Unlike people who purchased...

Is a structured settlement the same as an annuity?

Is a structured settlement the same as an annuity?

Structured settlements are granted to plaintiffs in court cases. Annuities can be purchased by individuals.

Are structured settlements protected from creditors?

Are structured settlements protected from creditors?

In addition, if an injury victim goes into debt and creditors make claims, their assets could be exposed to these claims. ...

Is settlement money unearned income?

Is settlement money unearned income?

Since this compensation is intended to replace income, it is not surprising that liquidation amounts for loss of income...

Why would you get a structured settlement?

Why would you get a structured settlement?

A structured settlement is a regular flow of tax-free payments that are granted to the plaintiff in a civil lawsuit....

Is a lump sum settlement considered income?

Is a lump sum settlement considered income?

This is because liquidation money is not considered traditional income by the government. Instead, it's compensatory,...

What is a disadvantage of a structured settlement?

What is a disadvantage of a structured settlement?

A major drawback of a structured agreement is that it can jeopardize the beneficiary's eligibility for public benefits,...