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Title: Updated: IRS says it wants its share of BP payments received by oil spill victims
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URL Source: http://blog.al.com/live/2010/06/irs_says_it_wants_its_share_of.html
Published: Jun 25, 2010
Author: n
Post Date: 2010-06-25 18:19:57 by gengis gandhi
Keywords: None
Views: 178
Comments: 17
Updated: IRS says it wants its share of BP payments received by oil spill victims Published: Friday, June 25, 2010, 12:19 PM Updated: Friday, June 25, 2010, 3:28 PM The Associated Press The Associated Press Follow Share this story Story tools Wave of OilView full size(AP Photo/Dave Martin)Oily residue comes ashore in the surf in Gulf Shores, Ala., Friday, June 25, 2010. Oil from the Deepwater Horizon disaster continues to wash ashore along the Alabama and Florida coasts. 48 0 293Share WASHINGTON -- The Internal Revenue Service says oil spill victims who receive BP payments for lost wages will have to pay up come tax time. Under current law, BP payments for lost wages are taxable -- just like the wages would have been, the IRS said in tax guidance issued Friday. Payments for physical injuries or property loss, however, are generally tax free. Payments for emotional distress? Taxable, though medical expenses related to the emotional distress are deductible. BP officials have agreed to create a $20 billion fund for spill victims, as well as a $100 million fund to support displaced oil rig workers. The IRS issued the guidance today to help spill victims sort through the law's complexities. The agency has posted tax information for oil spill victims on its website and plans to hold forums in seven Gulf Coast cities on July 17 to help victims with tax troubles or questions. "As residents of the region cope with the evolving situation, I want to assure them that the IRS will be doing everything it can to provide tax help to those who need it," IRS Commissioner Doug Shulman said. "We encourage anyone who has an issue with the IRS to contact us and explain their hardship, and we will work with them to find a solution." "We'll do everything we can under current law to help taxpayers," Shulman added. Rep. Charlie Melancon, D-La., introduced a bill this week to exempt from taxes all BP payments to spill victims, though its prospects for becoming law were uncertain. "Compensation from BP will help, but during this uncertain time Louisianians will need to stretch every dollar and should not have to worry about setting aside a portion of the payments for taxes," Melancon said in a statement. Ken Hoagland, chairman of the National FairTax campaign, an anti-tax group, said, "These modest payments are just putting food on the table and should not be taxed." The IRS has a number of programs to help people who make a good-faith effort but cannot afford to pay their tax bills. Agents can postpone collections in certain hardship cases or allow delinquent taxpayers to skip installment payments if they have made timely payments in the past. The IRS will hold its July 17 forums for oil victims in these cities: Mobile, Ala.; Panama City, Fla.; Pensacola, Fla.; New Orleans; Houma, La.; Baton Rouge, La.; and Gulfport, Miss. * Read followup post with IRS FAQ on oil spill tax issues
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#1. To: gengis gandhi (#0)
I'm wondering if the spill fund admin, Kenneth Feinberg, will pull a Timothy Geitner and not pay taxes on his income for adminstering the fund??? I can't see Timmy Geitner sending the IRS after his fellow jew parasite.
_________________________________________________________________________ come into my parlor...lol
I wonder if that means that they will buy the Vaseline and not expect the Liberty is not a means to a higher political end. It is itself the highest political end. He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic. Hopefully we'll be reading about IRS collections people trying to swim with more chain than they could seize in gator infested swamps. "Well, I wonder where the IRS went to....you can sure get lost in the Louisiana bayou...."
There's some big gators in them swamps. The biggest I ever saw up close and personal was longer than the boat I usually fished in, and they have a big mouth full of real sharp teeth. I still have a souvenir Jitterbug that was mangled by a 3 footer. Needless to say I retrieved the plug with a pair of pliers.
"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator
deleted
The relationship between morality and liberty is a directly proportional one.
ewwww. i just saw that smarmy character on Faux sputtering about how people better take the pittance that is being offered them rather than SUE....if they want to wait and sue for more....well, fine; they can pay 40% to their lawyer. that's what he said! so, you can pay 40% to your jew lawyer or 40% to your jew bankster agent, or you can take your pitiful handout from the jew parasite kenneth feinberg. i KNEW that fine print that was in there for the 9/11 victims would be in there for the Gulf residents, except the peasants in the Gulf probably won't be receiving million-dollar settlements. ============== edit. oh, i forgot. he also said if you want to sue, it'll take yeeears.
"...as long as there..remain active enemies of the Christian church, we may hope to become Master of the World...the future Jewish King will never reign in the world before Christianity is overthrown - B'nai B'rith speech http://www.biblebelievers.org.au/luther.htm / http://bible.cc/psalms/83-4.htm
"Well, I wonder where the IRS went to....you can sure get lost in the Louisiana bayou...." Yes indeed. A fitting end I would think.
Liberty is not a means to a higher political end. It is itself the highest political end. He (Gordon Duff) also implies that forcibly removing Obama, a Constitution-hating, on-the-down-low, crackhead Communist, is an attack on America, Mom, and apple pie. I swear these military people are worse than useless. Just look around at the condition of the country and tell me if they have fulfilled their oaths to protect the nation from all enemies foreign and domestic. A wise decision.
Yup, looks familiar - the gator that is.
"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator
This must be what happened when a jew and an alligator wrestled for a penny?!?
_________________________________________________________________________
I had to stop there. Our .gov is a total joke from top to bottom.
Oh, that line is a riot! I'm sure the spill victims who were losing sleep will now be very relieved to here this!
Actually, I believe that it's a croc. But, it's very photogenic, wouldn't you agree?
But, it's very photogenic, wouldn't you agree? Yes, and a BIG appetite.
"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator
Notice the hand is still closed - so he got the penny.
"One of the least understood strategies of the world revolution now moving rapidly toward its goal is the use of mind control as a major means of obtaining the consent of the people who will be subjects of the New World Order." K.M. Heaton, The National Educator
Obama is the miscegenated bastard of a white communist whore. True story.
-Schweizerische Schuetzenzeitung (Swiss Shooting Federation) April, 1941
#2. To: gengis gandhi (#0)
I want to assure them that the IRS will be doing everything it can to provide tax help to those who need it," IRS Commissioner Doug Shulman
#3. To: gengis gandhi (#0)
"We'll do everything we can under current law to help taxpayers," Shulman added.
victims "people they help" to provide it themselves.
Lord Acton
OsamaBinGoldstein posted on 2010-05-25 9:39:59 ET (2 images) Reply Trace
#4. To: gengis gandhi (#0)
#5. To: HOUNDDAWG (#4)
#6. To: gengis gandhi (#0)
#7. To: X-15 (#1)
(Edited)
I'm wondering if the spill fund admin, Kenneth Feinberg, will pull a Timothy Geitner and not pay taxes on his income for adminstering the fund??? I can't see Timmy Geitner sending the IRS after his fellow jew parasite.
#8. To: HOUNDDAWG (#4)
Hopefully we'll be reading about IRS collections people trying to swim with more chain than they could seize in gator infested swamps.
Lord Acton
OsamaBinGoldstein posted on 2010-05-25 9:39:59 ET (2 images) Reply Trace
#9. To: Original_Intent (#5)
There's some big gators in them swamps. The biggest I ever saw up close and personal was longer than the boat I usually fished in, and they have a big mouth full of real sharp teeth. I still have a souvenir Jitterbug that was mangled by a 3 footer. Needless to say I retrieved the plug with a pair of pliers.
#10. To: HOUNDDAWG (#9)
#11. To: HOUNDDAWG, Original_Intent (#9)
Obama is the miscegenated bastard of a white communist whore. True story.
-Schweizerische Schuetzenzeitung (Swiss Shooting Federation) April, 1941
#12. To: Original_Intent (#10)
#13. To: gengis gandhi, 4 (#0)
"We'll do everything we can under current law to help taxpayers," Shulman added.
#14. To: christine (#2)
I want to assure them that the IRS will be doing everything it can to provide tax help to those who need it," IRS Commissioner Doug Shulman
#15. To: Original_Intent (#10)
#16. To: HOUNDDAWG (#15)
Actually, I believe that it's a croc.
#17. To: X-15 (#11)
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