Fund Distribution and Tax Reporting
Using LiveCase™, we provide centralized
fund distribution via secure printed checks, coupons, phone cards and rebate options.
Simpluris captures all Federal and State W-2 and 1099 data, as well as Qualified
Settlement Fund annual reporting and income tax filings, submitting to governmental
agencies on time, every time. Simpluris handles all of the printing and mailing
of class member W-2 and 1099 forms across the United States and perform TIN/SSN
matching and verification processes to ensure accuracy and prevent duplications.
Settlement Fund Accounts Are Audited and Securely Supervised
We will manage bank accounts, reconciling and reviewing transactions for any discrepancies.
Reporting is performed at regular intervals for top level views of incoming and
outgoing transaction summaries and interest earned. Our case management team works
with banks using Positive Pay Services to reduce the chances of any fraudulent activity.
Every Step Is Considered Before It Is Taken
Simpluris provides special fund management services, including specific financial
institution investing where applicable.
We provide residual fund disbursement, reverting funds back to the Defendant, Charity,
or State Controller.
Our staff is diligent in tracking down all settlement recipients and works to make
escheating to state a non-issue. If its does come to turning monies to the state,
we make all required attempts to notify the class member before doing so. Simpluris
complies with every state’s laws throughout the escheating to state processes.
With every case, Simpluris does a self audit to reassure we are meeting each state
and federal fund distribution and tax reporting law. Not every case is the same,
so it is important to us to remain flexible to the needs of our clients and the
progressive nature of laws and statutes.
Contact Business Development today, for
a complimentary consultation.