Chat with AI
Cengage Advantage Books: Foundations of the Legal Environment of Business 2nd Edition by Marianne Jennings, Albert Napier, Marianne Jennings
Edition 2ISBN: 978-1133709947Cengage Advantage Books: Foundations of the Legal Environment of Business 2nd Edition by Marianne Jennings, Albert Napier, Marianne Jennings
Edition 2ISBN: 978-1133709947 Exercise 8
The cash Fishing Operations
Many of the Gulf Coast fishers were forced to close their businesses when the BP Deepwater Horizon oil spill occurred. When they applied for compensation from the $20-billion BP fund, they were asked to provide a 1099 or 1040 tax form showing their income in past years. "We are a cash business. Nobody has those forms." The Gulf fishers were not diligent income tax payers. Should they still be compensated for their losses?
Many of the Gulf Coast fishers were forced to close their businesses when the BP Deepwater Horizon oil spill occurred. When they applied for compensation from the $20-billion BP fund, they were asked to provide a 1099 or 1040 tax form showing their income in past years. "We are a cash business. Nobody has those forms." The Gulf fishers were not diligent income tax payers. Should they still be compensated for their losses?
Explanation
Verified
Verified
A Country G's fishermen were forced to s...
Cengage Advantage Books: Foundations of the Legal Environment of Business 2nd Edition by Marianne Jennings, Albert Napier, Marianne Jennings
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
