Disbursement & Tax Reporting

KCC manages settlement funds, facilitates the disbursement of settlements to class members and coordinates the necessary tax reporting. Our disbursement services team distributes more than $250 billion each year. Utilizing our secure, cost-effective procedures, we can:

• Establish Qualified Settlement Funds (QSF) accounts and escrows
• Securely manage and report on all QSF activities including deposits, interest earned and disbursements
• Disburse funds through check printing and mailing, Automated Clearing House (ACH) transfers and volume wire transfers
• Clear checks using “positive pay” fraud prevention security features
• Work with financial institutions by transferring issued, paid, void and reissued data
• Produce non-cash settlement solutions, such as the issuance of warrants, common stock, preferred stock, coupons, discount/gift cards, vouchers, etc.
• Prepare required tax returns to ensure compliance with all Federal and State requirements