¹ See Jared R. Nield, TC Summ. Op. 2002-110; Wally O. Oyelola, TC Summ. Op. 2004-28; Jacqueline Medina, TC Summ. Op. 2003-148; Deforest Dorroh, TC Summ. Op. 2003-93; Ed Montgomery, TC Memo 2003-64; Stephen G. Cates, TC Summ. Op. 2003-15; and Virgie R. Porter, TC Summ. Op. 2003-14.

² Eric E. Schleier, 515 US 323 (1995).

³ Wally O. Oyelola, note 1 supra; Sandar G. Venable, TC Memo 2003-240; Stephen G. Shaltz, TC Memo 2003-173; Robert G. Henderson, TC Memo 2003-168; and Micheal Thomas Prasil, TC Memo 2003-100.

⁴ Oyelola, note 1 supra.

⁵ Cates, note 1 supra.

⁶ Joseph Tamberella, TC Memo 2004-47.

⁷ See Rev. Ruls. 77-230, 1977-2 CB 214; 79-220, 1979-2 CB 74; and 79-313, 1979-2 CB 75.

⁸ See Rev. Rul. 79-220, note 7 supra.

⁹ See, e.g., Nabco Allstate brochure, at www.deltasettlements.com/Products/TrustServices/SpecialNeedsTrust/R1NABCOBrochureAllstate.pdf.

¹⁰ See Howard Veit, 8 TC 809 (1947), acq., 1947-2 CB 4.

¹¹ George C. Martin, 96 TC 814, 823 (1991); and H.O. Williams, 219 F2d 523 (5th Cir. 1955).

¹² See Regs. Sec. 1.451-2(a); Aldrich H. Ames, 112 TC 304 (1999); and Rev. Rul. 79-313, note 7 supra; see also IRS Letter Ruling 8527050 (4/9/85) (income is not constructively received if the taxpayer’s control of its receipt is subject to substantial limits or restrictions).

¹³ See IRS Letter Ruling 8435154 (6/1/84) (an insurance company requested a ruling on the assignability of periodic payments outside the scope of Sec. 130 assignments; the IRS ruled that there was no constructive receipt as long as the payments were “unfunded,” “unsecured” and the plaintiff had no right to demand payments from the assignee).

¹⁴ Rev. Rul. 2003-115, IRB 2003-46, 1052.

¹⁵ See John H. Smith, 324 US 177 (1945) and George W. Drysdale, 277 F2d 413 (6th Cir. 1960), rev’g 32 TC 378 (1959).

¹⁶ See Renton K. Brodie, 1 TC 275 (1942) and Olmstead Incorporated Life Agency, 35 TC 429 (1960), aff’d, 304 F2d 16 (8th Cir. 1962).

¹⁷ Rev. Rul. 72-25, 1972-1 CB 359.

¹⁸ See also Richard A. Childs, 103 TC 634 (1994), aff’d, 89 F3d 856 (11th Cir. 1996) (attorneys’ fees paid out under a structured settlement were not funded or secured obligations, but mere promises to pay and, thus, only taxable in the year of actual receipt).

¹⁹ See Frank Cowden, 289 F2d 20 (5th Cir. 1961), rev’g and remd’g 32 TC 853 (1959), op. on remand, TC Memo 1961-229.

²⁰ See John Reed, 723 F2d 138 (1st Cir. 1983) and Harold W. Johnston, 14 TC 560 (1950).

²¹ James Oates, 18 TC 570, 584–85 (1952), aff’d, 207 F2d 711 (7th Cir. 1953) and J.D. Amend, 13 TC 178, 185 (1949).