Tags: US | Gulf | Oil | Spill | Taxes

IRS Phone Number Set up for Gulf Oil Spill Victims

Friday, 09 Jul 2010 06:44 PM

 

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink

Taxpayers affected by the oil spill can call a special IRS phone number for questions about BP payments or if they have problems filing taxes.

The Internal Revenue Service announced Friday that Gulf oil spill victims can call 866-562-5227 on weekdays between 7 a.m. and 10 p.m. local time.

Last month, the IRS said payments for lost wages from BP's $20 billion victims compensation fund are taxable just like regular income.

But, in certain cases, the IRS can help oil spill victims by suspending tax collections and suspending audits. Those who need this kind of help must request it, the IRS said, and interest will continue to accrue on outstanding tax balances even if some penalties are waived.

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. The forums will be held in Mobile, Ala.; Panama City, Fla.; Pensacola, Fla.; New Orleans; Houma, La.; Baton Rouge, La.; and Gulfport, Miss.

——

Online:

IRS: http://www.irs.gov/

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Man Dies After Shooting at Mexican Consulate, Other Sites in Texas Capital

Friday, 28 Nov 2014 16:06 PM

A man apparently upset about U.S. immigration policy was fatally shot early on Friday after firing more than 100 rounds  . . .

Players' Union: Ray Rice Wins Appeal of His Indefinite Suspension

Friday, 28 Nov 2014 15:36 PM

Former Baltimore Ravens running back Ray Rice is eligible for reinstatement by the National Football League after winnin . . .

Legal Immigrants Being Blocked in Latest Obamacare Glitch

Friday, 28 Nov 2014 14:27 PM

Legal immigrants, eligible for Obamacare, are running into problems when they try to sign up for coverage on HealthCare. . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved