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!

2018 Taxable Income Brackets and Rates

Rate Single Filers Married Joint Filers Head of Household Filers
10% $0 to $9,525 $0 to $19,050 $0 to $13,600
12% $9,526 to $38,700 $19.051 to $77,400 $13,601 to $51,800
22% $38,701 to $82,500 $77,401 to 165,000 $51,801to $82,500
24% $82,501 to $157,500 $165,001 to $315,000 $82,501 to $157,500
32% $157,500 to $200,000 $315,001 to $400,000 $157,501 to $200,000
35% $200,001 to $500,000 $400,001 to $600,000 $200,201 to 500,000
37% $500,001+ $600,001+ $500,001+