Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Yes, however, they are not taxed in the same manner as ordinary companies, and do not need to establish a qualified settlement fund to get a current income tax deduction. They may still use a qualified settlement fund to settle certain types of liabilities and segregate the assets for long term exposures.
