LYCOS RETRIEVER 
Structured Settlements: Structured Settlement Payments
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** Federal income taxes are generally not due on the amount of each Structured Settlement payment (see IRS Section 104a(1)and(2), Section 130, and Revenue Ruling 79-220). This tax advantage only applies if a Structured Settlement is chosen at the time of settlement.
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*Recipients of Structured Settlement rights must enter into a Purchase Agreement to sell some or all of their Structured Settlement payments, totaling at least $50,000. Upon execution of said agreement and other documents required in the sole discretion of Structured Settlement Investments, LP to complete the transfer of payment rights, a payment of $250 will be issued as an advance against the purchase price receivable upon closing of the transfer. The transaction must be completed, or the $250 must be returned to Structured Settlement Investments, LP.
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This entry was posted on Friday, June 15th, 2007 at 8:00 pm and is filed under Sell Structured Settlement Payment. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.
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Law now makes all structured settlement payment sales subject to a court order. Without a court order, a tax equal to 40 percent will have to paid on the total amount of payments being sold.
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You may sell all or only some of your structured settlement payments. This is completely up to you. SSQ will match you up with a structured settlement buyer who will provide these services.
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Structured Settlement Payments