Now, this is a scenario in which the reader may really require professional input, from the outsetcounsel. Here's WHY! Suppose you were a 'class victim' of the BP gulf oil spill. But. you had your own private insurance and you have just received notice. A $25,000 check "should be received-2 to three days
Technically . you should have received notice that IRS should be consulted. These matters are far different and upon being sure losses were going to replaced with money for losses, no deductio should be required.