I knew one who could imagine a problem. He figured those who showed how much they made this past year versus how much they claimed to have made last year could run into trouble if it didn’t square with the income taxes they filed those previous years.

“Well, yeah I didn’t claim that much but that was just to avoid paying high income tax, so I didn’t turn in the money I earned under the table.”

“Uh, if you can prove you made that much more in the past, we’ll pay you for your losses but understand we’ll have to turn in the documentation showing you defrauded the US government.”

“Well, if you’re gonna be that way about it, just forget the whole thing.” followed by “BP DIDNT’ PAY ME WHAT I LOST!”

Not that we think anybody ever would run into such a situation, just fun to imagine.

David for an oil free environment
(unless I’m selling it)

If you want your money, prepare your documentation and submit it; sounds simple enough.

Not defending BP or Feinberg; but remembering that BP is writing all this off their books as losses-probably for years. There’s no real reason for them not to pay, but in order for them to get reimbursed by their insurance company and to write off the books and keep the tax man happy, they have to have documentation; kinda like an expense report-no documentation, no reimbursement.