There have been complaints about a lack of “coordinated reponse” to the Gulf oil spill, but rest assured, the IRS response will be very coordinated:
WASHINGTON (AP) – The Internal Revenue Service wants its cut from oil spill victims who receive BP payments for lost wages.
The agency says that under current law, BP payments for lost wages are taxableâ€”just like the lost wages would have been.
The IRS is planning to hold forums in seven cities in the Gulf region on July 17 to help oil spill victims with tax troubles or questions.
Because nothing will help lift the spirits of people who have lost their livelihoods better than a day at an IRS tax seminar and later trying to figure out how to write off tar balls as dependents.
Jumping on the cash as BP dumps it in the area before the money has a chance to get away is known in IRS circles as a “top kill.” Couldn’t the IRS have its agents at least wash a turtle or something useful while they’re down there?
The government has sent a team of attorneys from the Justice Department and some thumb-screw weilding collectors from the Internal Revenue Service to the Gulf, and yet the leak hasn’t yet been plugged. Better send more bureaucrats!
Update: And the hits keep on coming: Joe Biden will travel to the gulf on Tuesday. Can Plugs plug the hole? Now that would be a “big f-in deal.”