Image: Deepwater Horizon oilspill Source: Wikipedia
LANO member, Hannis T. Bourgeois, LLP (HTB), Certified Public Accountants, summarizes the highlights of the Deepwater Horizon Settlement Program.
On December 22, 2012, the U.S. Federal Court issued final approval of the BP settlement agreement, which entitles many businesses and nonprofits located in the entire state of Louisiana to receive compensation from BP.
This agreement referred to as the Deepwater Horizon Court-Supervised Settlement Program is a class action settlement and includes broad requirements to participate and deserves the attention of any business or nonprofit.
Read more about how your nonprofit may benefit.
HTB can provide assistance in gathering the required documentation, applying the various causation tests, calculating your claim under the appropriate framework and helping you to understand the tax implications of any settlement payments.
Please contact Celeste Viator at 225.928.4770 or email@example.com if you would like more information or assistance in determining if you meet the parameters of the settlement.
[Further details on Qualifying Claims]