Internal Revenue Service may tax Gulf Coast damage claims following Deepwater Horizon oil spill

Aliyah Shahid
New York Daily News
June 22, 2010

• A d v e r t i s e m e n t

The Internal Revenue Service may take a bite out of that $20 billion Gulf spill fund.

And locals are fuming.

Many residents were already surprised that BP took so long to dish out payments. So when they got their compensation — a few thousand dollars each — they spent it quickly.

“If they’re going to pay you a lump sum, like for a year, then bam, take the taxes out of the check,” said Todd Pellegal, an unemployed Gulf Coast shrimper from Boothville, La. “But a little bit at a time, they shouldn’t.”

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This article was posted: Tuesday, June 22, 2010 at 11:38 am

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