Sexual harassment settlements don't always result in a physical injury or physical sickness within the meaning of IRC 104(a)(2). to qualify for a tax exclusion. Some sexual harassment settlements may be fully or partially taxable. It's bad enough that you got victimized once. In such cases, with a non qualified structured settlement, the damages or settlement can be paid out in stable tax deferred installments. Thus you can
Earn interest tax deferred
Earn interest on deferred taxes tax deferred
Earn interest on interest tax deferred
A structured settlement is only available as a option where constructive receipt or actual receipt has not occurred. You work with a compassionate settlement advisor and Certified Financial Transitionist, who takes the time to see your needs through your lens. As settlement advisors we can collaborate with you to help explore the structured settlement options, test some " what ifs?" with you and to help you determine if a structured settlement is a fit for your situation.
If it is then the structured settlement must be carefully articulated in the settlement documents.
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John Darer CA 0761076
Wrongful Termination, Failure to Promote, Employment Discrimination based on Age, Gender, Ethicity, Sexual Orientation or Religion