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4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686

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Do Oil Spill Victims Pay Taxes on the 20 Billion Set Aside?

Posted on June 30, 2010 by Leasa Magnuson in Business Tax, Individual Tax

BP is required to set aside $20 billion in funds to compensate victims of the Gulf of Mexico oil spill. Individuals and businesses affected by the spill can file a claim for compensation for lost wages or profits. So the question is will the victims have to pay income tax? The answer is sometimes. Let’s […]

View Post Oil Spill Victims

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4025 Automation Way #D1 (Map), Fort Collins, CO 80525 - Phone: 970-226-4686