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Q: What is net settlement proceeds?
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What is a cross settlement?

A Gross Settlement is the amount of money (award) an insurance company offers to settle a case. Net proceeds would be after all parties have presented their claims for expenses and services to client and have been paid and settled.


What is a synonym for annuity?

Income, grant, allowance, proceeds, net...


What is the tax percentage on a settlement from a car accident?

The proceeds of compensation from an award for a vehicle accident are not taxable.


Do you have to pay taxes on a personal injury settlement from a auto accident?

Generally speaking you do not have to pay taxes on personal injury settlements. However, in certain situations where (1) all or part of the proceeds of the settlement is treated as disability income, and (2) the premium of the policy (under which the proceeds were paid) was paid by an employer; then that part of the proceeds will be treated as a taxable ordinary income.


Can I get a cash advance on the settlement from my lawsuit?

Yes there are many services that will pay you an advance on pending litigation proceeds.


Is Net Settlement used in South Africa?

Yes


Are the proceeds from the sale of a building included in net income?

No proceeds from sale of building is part of cash flow statement while profit or loss on sales of building is part of net income in accrual base accounting while cash base accounting it is part of net income or loss.


What is a Personal Injury Calculator?

A personal injury calculator could be as simple as a net proceeds calculator. You enter the amount of the gross settlement, the percentage being charged by the attorney in fees, and the amounts of the costs and unpaid medical bills or other lienholders, and the sheet would do the rest.


What happens to the net settlement if the claimant is dead and the estate settled years ago?

If the claimant is deceased and the estate settlement occurred years ago, the net settlement would typically be distributed according to the terms outlined in the deceased claimant's will or through the laws of intestacy if there was no will. The net settlement would become part of the deceased claimant's estate and would be distributed to the rightful heirs or beneficiaries as per the established legal guidelines.


Is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?

annuity


What is the settlement option of a life policy that provides periodic payments of a specified amount as long as the proceeds plus interest last?

annuity


Are settlement proceeds taxable?

The IRS states that only settlements due to physical or emotional injury are non taxable, for instance if you received a settlement for mesothelioma. States however may tax settlements as ordinary income.