FAQs for Hurricanes Victims - Murphy Oil Payments
(7/2/07) Q: What is the proper federal tax treatment of payments under settlement of Murphy Oil USA, Inc., Class Action Lawsuit?
A: General guidance is provided in a memorandum prepared by IRS Chief Counsel dated June 25, 2007. It should not, however, be cited or relied upon as precedent.
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Page Last Reviewed or Updated: 2012-10-19
