“I worked for an uncle last year who paid me in cash. The BP guy wanted my tax statements, but how can I pay taxes if everything I earned was in cash?” Crab fisherman from Louisiana on proof required for receiving money from the government mediator from the $20 billion BP forked over
Friday, September 10th, 2010Income. It’s called income. Whether cash or check, one should report it. However, the Gulf Coast fishermen are struggling to obtain payouts for lost wages and business income because they can’t produce an income tax return that shows what they made. Pundits are fretting, “Oh, what times are these when oil giants demand proof that you made income before reimbursing you for lost income!” When you don’t pay your taxes, well, there is a downside. Sometimes an oil spill causes it all to percolate to the surface, as it were. Some are worried that filing a claim will raise an IRS eyebrow and (more…)



