The IRS has issued a private letter ruling on I.R.C. §130 clarifying that indexed structured settlement annuity payments tied to market index performance qualify as fixed and determinable periodic payments, confirming that annuity contracts with fluctuating payments based on objective formulas meet qualified funding asset requirements for personal injury liability assignments. [PLR 202621001]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.