Oil Spill Victims Dealt Another Blow as IRS Seeks its Cut of BP Payments on Lost Wages
Friday, June 25th, 2010With the debacle that is the oil spill and all the confusion surrounding it, it comes as no surprise that the most aggressive collection agency on the planet, the IRS, wants to play its part in the ongoing clean up process. This takes form in intricate taxes applicable to oil spill victims who receive BP payments for lost wages.
MSN.com reports, “Under current law, BP payments for lost wages are taxable
