Money Received through the sale of tax free structured settlement payments

By: CashInYourAnnuity.com   -   Call Us: 1-800-325-3994   -   Get Your Cash NOW!

Did you know that the money received through the sake of your tax free structured settlement payments should also be tax free? Contact our payment services toll free to find out the tax status on your structured settlement or annuity.

Structured settlement and annuity recipients are protected by Section 104(a) (2) of the Internal Revenue Code as follows:

“Damages (money) received from personal injury settlements and sickness should not be considered as income and therefore should not be subject to tax.

Under a structured settlement, all future payments are completely free form:

Additionally, Section 5891 of the Internal Revenue Code was passed in 2002 and protects annuitants in the sale of their structured settlement payments.

Section 5891 requires that the sale of structured settlement payments be approved by a judge in accordance to the state legislation and statute. This model act was created to make sure that every structured settlement transfers is in the best interest of the annuitant and dependents of the annuitant.”

To qualify for special tax treatment, a structured settlement must meet the following requirements:

Your structured settlement is important to consider during tax season. Please call us here at Cash In Your Annuity for more information on the tax free status of your structured settlement or annuity payments.

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