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IRS Gets First Dibs On $1M BP Oil Spill Payout, 11th Circ. Says

By Anna Scott Farrell ( January 9, 2025, 2:31 PM EST) -- The IRS gets first priority to a $1 million settlement BP paid to a staffing company that racked up $23 million in federal tax debt and went bankrupt following the Deepwater Horizon oil spill, the Eleventh Circuit affirmed, denying an insurer's claim to the money....

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