Structured Settlements

IRC Section 104

This section of the Code allows claimants to exclude from their gross income monies received for physical injuries or sickness.

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IRC Section 130

This section of the Code permits the amount of money used to purchase an annuity to be excluded from the assignee’s gross income.

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Treasury Regulatons

Section 1.451, constructive receipt is the doctrine that taxes income before the income is actually received.

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