Excise Tax Relating to Structured Settlement Factoring Transactions
other · IRS · Rule · Published 2004-07-08 · Effective 2004-07-08 · 69 FR 41192
Document
Document number
04-15124
Federal Register citation
69 FR 41192
CFR reference
26 CFR 157
Type
Rule
Action
Final regulations and removal of temporary regulations.
Category
other
Sub-agency
IRS
Publication date
2004-07-08
Effective date
2004-07-08
Treasury docket
TD 9134
Abstract
This document contains final regulations relating to the manner and method of reporting and paying the nondeductible 40 percent excise tax imposed on any person who acquires structured settlement payment rights in a structured settlement factoring transaction. The regulations provide the guidance necessary to comply with the reporting requirements of the excise tax.