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Oct. 1—On Thursday, California Gov. Gavin Newsom signed Assemblyman James Gallagher's Assembly Bill 1249 to make PG&E wildfire victims' settlement payments tax free. The purpose of AB 1249 is to ...
When attorney fees, court costs and taxes are paid, the rest of the fund will be divided among DWP customers after the settlement receives final approval. A hearing before Rice is set for Dec. 20 ...
Spread payments over time to avoid higher taxes: Receiving a large taxable settlement can bump your income into higher tax brackets. By spreading your settlement payments over multiple years, you ...
Donors of gifts in excess of the annual exclusion must file gift tax returns on IRS Form 709 [100] and pay the tax. Executors of estates with a gross value in excess of the unified credit must file an estate tax return on IRS Form 706 [101] and pay the tax from the estate. Returns are required if the gifts or gross estate exceed the exclusions.
A structured settlement factoring transaction is a means to raise liquidity where there is no other viable means, via the transfer of structured settlement payment rights, for items such as unforeseen medical expenses, the need for improved housing or transportation, education expenses and the like, or in a situation where the individual has simply spent all his or her cash.
In July 2024, California Attorney General Rob Bonta announced that the state had reached a $50 million settlement with the companies. Of that, $37.5 million will be distributed as gas rebates to ...
The parties revised the settlement, addressing the Judge's primary concerns regarding how the settlement amount was determined, removing the "clear sailing" agreement provision such that Facebook could now oppose Plaintiff attorneys' fee request, and, significantly, included clearer language regarding the ability of minors, as well as their parents, to prevent minors from appearing in ...
A lump sum, about $28.75 million, will be deducted from the $115 million to pay attorney fees and up to $225,000 for any other expenses that were incurred or will be incurred during litigation.