[Fredslist] Promo - IRS PLR allows using Periodic Payments in Employment Cases to defer compensation of non-wage recovery

[Keith Kleinick]

Did you know -

In June the IRS issued a Private Letter Ruling allowing non-wage compensation in employment cases (a taxable event) to be issued as periodic payments deferring the settlement and the tax consequences. 

How does this benefit the plaintiff/tax payer who was suing his employer?  Instead of paying taxes on the non-wage portion of the settlement right away this amount can be deferred and grow at a guaranteed rate of return. 

Tax payer can have the award/settlement paid over time, the principle grows tax deferred and they only pay taxes on the periodic payments when they are received. 

As stated in the ruling 'the taxpayer can address her desire to use the settlement as a source for meeting future needs, including retraining and financial planning.' 

If you would like to learn more about this or just see a copy of the PLR please contact me. 

Keith

Gotham Solo
Gotham Brooklyn Bridge
Gotham Non Practicing Lawyer


------Original Message------

From: Barry Malter
To: fredslist at gothamnetworking.com
Sent: Nov 7, 2008 9:58 AM
Subject: [Fredslist] Timeshare rental Xmas time-

 

Gotham,

 

A good friend of mine can not use his timeshare this year in Scottsdale AZ.  If anyone is interested please contact Jeff Melnick at  Jeffrey.melnick at gmail.com

 

Highlights below:

Sheraton Desert Oasis Vacation

Scottsdale, Arizona

**Retail Value over $1,600**

Rent for $700

December 26, 2008 – January 2, 2009

1 Bedroom Premium Villa, full kitchen, sleeps 4

 

Please see enclosed word doc for all the details.

 

 

Barry Malter

 

Advantage Technologies, Inc.

212-710-5090 Phone

914-730-1700 Phone

914-765-0805 fax

 



Keith A. Kleinick Esq
Attorney at Law 
Structured Settlement Consultant 
Creative Capital Inc.
233 Broadway, 5th Floor
New York New York 10279
212-233-5433
212-233-5070 (fax) 
917-834-7846 (mobile)
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