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How Lawsuit Settlements Can Delay Taxes Legally
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Subscribe10 FEB 2026 / ACCOUNTING & TAXES
Qualified Settlement Funds (QSFs) are proving beneficial in messy settlements where tax years matter. Created in 1993 to assist large defendants in immediate payment of settlements, QSFs have proven helpful for plaintiffs and their advisors as they allow an extension of the tax clock until the distributions occur; this breathed room can provide opportunities to resolve liens, allocate damages correctly and fully evaluate settlement options.
Every CPA who has touched a litigation client knows the moment. The case finally settles, the wire hits, and suddenly everyone wants answers by Friday. Plaintiffs want to know what they owe. Lawyers want their fees out clean. Defendants want the deduction...
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