How to Find Reputable Structured Settlement Purchaser

Settlements in structured payments have become a great part of worker’s compensation and personal injury claims in the U.S., based on the report of the NSSTA or National Structured Settlements Association. In fact in 2001, the NSSTA’s life insurance members procured more than $6.05 billion of annuities utilized as settlements for lawsuit claims.

A structured settlement is known as a way to disperse funds from a legal claim where a portion or all of the arrangement requires future periodic payouts. The funds are provided in regular installments such as monthly, quarterly, semi-annually, annually – either for a particular period of time or over the lifetime of the claimant. The structured settlement may as well incorporate some immediate money payments to pay for special damages. The payouts are typically made through an annuity purchase from a chosen life insurance company.

While a structured settlement comes with a number of benefits, some people still choose to look for a structured settlement purchaser if they find the structured payouts insufficient or inappropriate to compensate their huge expenses.

The Buyer

If you are one of those who consider selling your settlement, then you’ll be glad to know that you can make this happen almost easily. There are investors and financial institutions that search for sale settlement structured.

If you are experiencing a difficult time managing your funds, or declining offers from friends and family desiring to get their share in your wealth, then getting money in installments will surely make your money lasts longer. On the other hand, if you feel quite restricted by periodic payouts, especially if you are trying to procure a new home or make a large purchase, then selling the settlement structured will be your best option since you can’t borrow funds against your future payments covered by your settlement.

From an investment viewpoint, a structured settlement may not be useful or may not make real sense for everyone. In fact, several standard investments can furnish greater and larger long-term returns than what annuities can offer inside structured settlements. Thus, it may be more advantageous to search for a structured settlement purchase and get lump sum money and invest such funds yourself.

What to Look for in Online Tax Prep and Filing Software

What to Look for in Online Tax Prep and Filing Software

This April, you may reduce your time it takes to file your taxes by utilizing computer software designed for filing your returns online.

You are not alone. Many people file tax returns online; according to last year’s record from IRS, the total electronically filed tax returns was more than 68 million, out of which around 17 million taxpayers filed their returns online themselves.

Debra Gray said that e-filing of your returns and online tax preparation offer lot of benefits but it require some homework on the part of the … Read more at 2011 Taxes.

What to Look for in Online Tax Prep and Filing Software

This April, you may reduce your time it takes to file your taxes by utilizing computer software designed for filing your returns online.

You are not alone. Many people file tax returns online; according to last year’s record from IRS, the total electronically filed tax returns was more than 68 million, out of which around 17 million taxpayers filed their returns online themselves.

Debra Gray said that e-filing of your returns and online tax preparation offer lot of benefits but it require some homework on the part of the individual.

Gray points out certain questions worth looking asking:

Is the software secured and easy to work with?

As there is no need for downloading, it saves time to work with internet-based software. But certain things that you should make sure of in the beginning are whether the program is easy to use, whether the information can be organized properly, whether it provides complete support resources for the process, and most importantly whether it has proper security standard to encrypt your data.

Is it comfortable for you to work with it?

Normally the online tax prep sites password-protect your work. Also see whether the program can automatically check for certain minor errors and is able to provide suggestive corrections for some major mistakes.

After you’ve filed, what happens to your return?

You should also make certain that the program can maintain previous year’s record of your return filing so that you can go back there and check for some useful information.

Does it show clearly the cost of your tax preparations and filing?

Sometimes it is not so easy to navigate the pricing structure of many tax software providers; some of them offer free filing and others have a price tag mentioned, but normally they do not clearly indicate the added costs for the completion of a state tax return. As Gray points out, it’s better to find out a good do-it-yourself tax program in order to prepare your taxes yourself, and it should be available for below $40 which includes costs for both federal and state tax return preparation and filing.

Is there any payment and refund option?

There are some web sites that allow you to directly deposit the refund amount to your bank account after deducting the costs of using the software.

Is there any help and support system?

Ideally, the program needs to be straightforward; but for your own convenience, you should make sure that it provides live help and support through chatting or e-mail.

Gray said, "Taxpayers should have a look at the new features coming with the latest tax software this year as they might have become frustrated by filing their tax returns on paper or using the old online tax programs." He also added, "It’s not the way many people like to spend time by preparing for taxes, but if they are accessed to the right tools, then online return filing could be easy as well as time-saving. Moreover, they might even learn new tips for saving money on taxes."

%d bloggers like this: