In this episode of the National Structured Settlements Trade Association Podcast, host Chris Chan welcomes special guest Matthew J. Meltzer, an experienced business corporate tax law attorney, to discuss the IRS Generic Legal Advice Memorandum (GLAM) issued in December 2022 and its potential implications for attorney fee structures in the structured settlements industry.
The podcast begins with a light-hearted icebreaker segment but quickly delves into the core topic: the impact of the IRS GLAM. Initially, the GLAM raised industry-wide concerns, but Meltzer reassures listeners that its scope is limited to non-traditional fee structures.
Meltzer addresses the GLAM's impact on structured settlements and attorney fee structures. He clarifies that traditional fee structures remain unaffected, citing the Childs vs. Commissioner case as a solid precedent.
The episode concludes with a hypothetical scenario discussing potential changes in IRS policy and their implications, offering valuable insights for industry professionals.
Tune in to this informative podcast episode for a comprehensive understanding of the IRS GLAM and its potential impact on the structured settlements industry.
Visit our site at https://nssta.com/ to learn more about structured settlements.
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