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.
Let’s Have a Funds Distribution Conversation
We’d love to hop on a call and talk through the details of your funds distribution or legal settlement processing needs.