Excellence. Integrity. Service.
Damasco & Associates LLP is a certified public
accounting firm providing accounting, auditing, tax
and consulting services. Learn more...
Damasco & Associates LLP is a full-service accounting firm serving clients throughout the nation, dedicated to providing our clients with personalized tax and accounting services.
Individuals, closely held businesses, family groups, professional services firms, and fiduciaries. We provide tax compliance and planning services to a wide range of people and entities. Our clients include professional service firms, partners and owners of businesses, people with complex tax needs and a variety of fiduciaries. Family groups and partnerships are among our areas of expertise and enjoy the customized service we provide.
Settlements and Judgments
We have earned a national reputation as experts in the tax issues raised by settlements and judgments. We provide most of the tax compliance work in the United States for qualified settlement funds. We work with courts, public agencies, law firms, escrow agents and settlement fund administration firms. Damasco has served as the tax administrator for the United States Securities and Exchange Commission Fair Funds since 2005. We provide training and procedures advice to law firms, distribution and data firms, public agencies and others. We have designed and taught several classes on the taxation of qualified settlement funds. Damasco is a qualified MCLE provider. We have taught attorneys in a variety of settings, including the SEC staff, ATLA, ABA, law firms and other bar education groups.
Damasco provides services for many types of qualified settlement funds including those involving securities regulation, environmental pollution, consumer redress, property damage, regulatory actions, and personal injury and employment relationships. Currently, we provide income tax compliance services for over 750 qualified settlement funds annually. Since 1990, we have prepared over 10,000 income tax returns for qualified settlement funds.