Structured Settlements 4Real®Blog 2026
Structured settlements expert John Darer reviews the latest structured settlements and settlement planning information and news, and provides expert opinion and highly regarded commentary. that is spicy, Informative, irreverent and effective for over 20 years.
recent posts
- Daily Rates Are Often an Important Cost Driver of Structured Settlements
- 🔥Founder and Former CEO of 777 Partners, Joshua Wander, Pleads Guilty⚖️ to $500 Million Fraud Scheme — DOJ Confirms Double‑Pledging, Misappropriation of Structured‑Settlement Funds, and Falsified Bank Statements
- The Steering Problem Needs a Wake‑Up Call
- Companies Still Using the Incorrect Term “Secondary Market Annuity”
- Canonical: Non‑Qualified Assignment (NQA)
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Category: 1099-Misc Box 3 Reporting
1099-Misc Box 3 Reporting refers to Box 3 on Form 1099‑MISC, which is labeled Other Income and is used to report payments that do not fit into the form’s other specific boxes. Settlement administrators and defendants sometimes report the entire gross payment in Box 3 (and sometimes also issue a 1099 to the plaintiff’s attorney or IOLTA). That practice can create confusion and apparent “double reporting,” but it’s often driven by conservative reporting practices and the payer’s lack of certainty about tax character.
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by John Darer CLU ChFC MSSC CeFT RSP CLTC 1099-Misc Overview This post explains When Box 3 Applies What is Box 3? Box 3 on Form 1099‑MISC is labeled Other Income and is used to report payments that do not fit into the form’s other specific boxes. Settlement administrators and defendants sometimes report the entire…