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Oceaneering bonus program

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Hi Red, Congrats and many happy "Returns". Anything can be claimed as a deduction or tax credit on a US tax return. The returns will be processed and all is fine until the day that the IRS has reason to question an item claimed in a particular year. They can go back several years under the statute of limitation. When and if the agency requires an audit it is best to have the documentation which will prove that the taxing authority mentioned in the return as paid has indeed received the listed funds.

One way to test this theory and guarantee an audit is to list “Tea Party” as a line item under Charitable Contribution Recipients on your US Income Tax form 1040. Should your return survive the ensuing scrutiny it will be bullet proof.

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