IRS clears question on structured payouts; more defendants might be willing to settle

Article Abstract:

The IRS on Aug 10, 1993, changed the rules for disbursements from physical injury funds so that claimants can opt for structured settlements rather than facing mandatory lump sum settlements. The change affects the settlement trust fund payouts of IRC section 468B funds. Prior to the change, whether funds could make structured settlement payouts that would not effect tax liabilities for claimant or trust fund had been unclear. Annuities that pay a large sum of money over a period of years are also cheaper for defendants than paying the large sum all at once.

Taxation, Compromise and settlement, Settlements (Law), Structured settlements

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Bombing prosecutors invoke seldom-used statute: but are they abusing the procedural safeguards?

Article Abstract:

Defense lawyers and other observers say federal prosecutors in the Oklahoma City bombing case may be abusing the material witness statute. The statute allows prosecutors, with a judge's assent, hold witnesses without charging them, and without setting the 30-day clock of the federal Speedy Trial Act going. If arrested as a suspect, a person must be indicted within 30 days, but a witness can be held almost indefinitely, giving prosecutors more time to gather evidence and postpone sharing it with the defense.

United States, Cases, Laws, regulations and rules, Practice, Witnesses, Public prosecutors, Oklahoma City Bombing, 1995

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