Quote:
Originally Posted by Marcus Aurelius
If BP demands Tax returns to back up damage claims their wont be much to claim.
People like fisherman, Sport Fishing Captains, Bars, Hotels etc are mostly cash businesses that pocket all the cash and only pay taxes on credit card receipts and then load all their personal expenses onto the business to minimize taxes, So all BP has to do is say give me your last 3 years tax returns and we will reimburse you on that basis and the damages go down close to zero.
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People filing for claims will certainly have to prove their losses and I would assume that tax records will be a requirement as proof of lost income...so those that have short changed the IRS will be fucked.