Patrick Farber Structured Settlement Brokers

Bill Protecting Sexual Assault Settlements From Taxes Heads To the Senate

By On · 11:52 AM · Add Comment

The U.S. House of Representatives passed the Survivor Justice Tax Prevention Act, H.R. 2347, a bill that would give tax-free treatment to sexual assault settlements.

Currently, the IRS generally requires proof of physical injury before granting tax-free status to a settlement. Proving physical injuries is often difficult, so most settlements are fully taxable.

That may all change with H.R. 2347. The bill is currently in the hands of the Senate

Tax lawyer Robert W. Wood recently wrote about the bill. Click here to read his analysis.

Please feel free to contact us to discuss current settlement options for sexual assault victims–Nick Schuetze and Patrick Farber.

Nick Schuetze & Pat Farber

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Patrick C. Farber

Pat Farber has 35 years of insurance experience with more than 30 years in the structured settlement field. Pat specializes in providing structured annuities for medical malpractice, personal injury, product liability, workers’ compensation, toxic torts, and construction defect cases as well as for non-physical injury cases and attorney fees. He participates in court hearings, arbitrations and settlement conferences throughout California, the West Coast and in other areas of the United States. He has personally placed over $3 billion in annuity premiums and U.S. Government notes.

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