Our in-house accounting and tax professionals ensure secure, controlled disbursement and fund management.
We consult with banks, servicers, and regulators on appropriate financial architecture and related options. Solutions commonly include:
- Payment account(s) titled to financial institution’s EIN
- $1.468 billion Qualified Settlement Fund
- Grantor trust
Once your program is underway, we offer a full suite of tax services, including TIN validation, tax reporting using W-9, W-8BEN, 1099-MISC, 1099-INT, 1098, and 1042S forms, federal and state backup withholding, and IRS B-notice processing. Our tax professionals can prepare and file any compensation fund-related tax returns. All payment processing includes Office of Foreign Asset Control (OFAC) and other standard “know-your-customer” compliance.
Our rigorous payment controls meet the banking industry’s own security and audit standards, meet or exceed SSAE16 controls and mandates, and meet or exceed all applicable federal standards.