Off-Topic: Did Obama stick it to BP?

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	Name:	water_watcher -
	Subject:	Did Obama stick it to BP?
	Date:	8/12/2010 10:18:32 PM

Look up schedule M adjustments and you will not see that it would be excluded for tax purposes. The ONLY time it would is if the probability of expense can not be determined. Not the case here ... and if it did not turn out to be $20 billion, then they adjust their NOL for that year.

Keep in mind a company the size of BP is probably 5 years behind on their returns being reviewed and they exhaust extensions to be able to research and get tax rulings on questionable items.

The only person that never knows what he is talking about is you. So go stick your thumb up your backside and go away like Archie when he could never support his point of view with fact.

Other messages in this thread:

View Entire Thread

Did Obama stick it to BP? - water_watcher - 8/12/2010 7:14:15 PM

Did Obama stick it to BP? - GoneFishin - 8/12/2010 8:54:46 PM

Did Obama stick it to BP? - water_watcher - 8/12/2010 10:12:29 PM

Did Obama stick it to BP? - water_watcher - 8/12/2010 10:18:32 PM

Did Obama stick it to BP? - lotowner - 8/13/2010 8:33:50 AM

Schedule M - Maverick - 8/13/2010 1:46:38 PM

Hey MAVERICK - GoneFishin - 8/13/2010 5:30:40 PM

Hey MAVERICK - Maverick - 8/13/2010 6:27:35 PM

Hey MAVERICK - water_watcher - 8/13/2010 9:23:07 PM

Did Obama stick it to BP? - MartiniMan - 8/14/2010 9:00:07 AM

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