Why are my sale proceeds from selling a structured settlement tax free? IRC 104(a) is a clause of the Internal Revenue Code that exempts physical injury recoveries from gross income even if the money was paid in a lump sum instead of in future periodic payments. While the code doesn’t specifically mention structured settlements, if [...]
Stan Harlan Summit Settlements Iowa Structured settlement.expert
Question about monthly annuity payments? My friend has a monthly annuity payment from Aurora company and she has a question about it … Every month she receives a fixed payment but once in a while she receives a large check plus the monthly check and she has tried calling them to ask but they give [...]
Does anyone know about an annuity and being taxed? My husband was in a car accident when he was 15 and his settlement money was put into an annuity until he reaches the age of 30. (He’s 24 now) I was just wondering…Do we pay taxes on the annuity when he receives it? If so, [...]