BP Deep Horizon

If you or your business were harmed by the Deepwater Horizon Oil Spill, you may be receiving a settlement than can create some adverse tax consequences.  This may be avoided with modest tax planning.

Why us?

Randy Gassman and Lacie Young here at LRG are approved by both the Federal Court through Hon. Judge Barbier and British Petroleum itself to handle these cases and effect an efficient tax planning strategy.  BP will cooperate with some tax planning techniques but only through an approved broker who can navigate the rules set forth in the settlement agreement. We are your source in this endeavor as we are experienced to deal with the specifics of the Deep Horizon settlement in a manner that can change the tax effect of the settlement for you or your business.

Let us help you migrate to a LOWER tax bracket!

2015 Taxable Income Brackets and Rates


Rate Single Filers Married Joint Filers Head of Household Filers
10% $0 to $9,275 $0 to $18,550 $0 to $13,250
15% $9,276 to $37,650 $18,551 to $75,300 $13,251 to $50,400
25% $37,651 to $91,150 $75,301 to 151,900 $50,401 to $130,150
28% $91,151 to $190,150 $151,901 to $231,450 $130,151 to $210,800
33% $190,151 to $413,350 $231,451 to $413,350 $210,801 to $413,350
35% $413,351 to $415,050 $413,351 to $466,950 $413,351 to $441,000
39.6% $415,051+ $466,951+ $441,001+