Posts Tagged ‘taxable income’
MetLife improves structured attorney fee options for lawyers
In this weeks broadcast on The Legal Broadcast Network, Mark Wahlstrom discusses the improvements in the metlife structured attorney fee, or structure legal fee, program that allows lawyers to use structured settlement annuities to defer taxable income into future years. This long standing and secure method of tax and retirement planning will certain enjoy a resurgence in the coming months and years as attorneys look for options to reduce the tax bite of large fees and to supplement depleted retirement programs. Learn more about the metlife structured legal fee options on this weeks Speaking of Settlements.
need cpa advice?
scenario: i have non-taxable income from a structured settlement due to the loss of my mom due to a hospitals mistake which included monthly payments and lump sums every 5 yrs. I put some of my money in a cd account that earned 118 bucks in interest. Do i have to report this and if so do i report my non taxable income as well? pleease give me detailed info, the more the better.