On the Different Ways Claims are Paid
by BP and the GCCF

The guidelines for the Gulf Coast Claims Facility ["GCCF"], identify two ways to receive your money, after the claim has been approved. One is direct deposit, and the other is by a check. Each claimant chooses the payment preference as part of the claim submission process.

Tax IDs are collected from all claimants as part of the BP claim process; they are either social security numbers ("SSN") or tax identification numbers ("TIN").

Payments coming from the GCCF and BP will be reported to the IRS. This is true whether the payment is an emergency payment, a GCCF interim payment on BP interim claims, a GCCF final payment on a final claim submitted to BP and the GCCF, or a quick payment as part of the "quick claim final payment" offered to some claimants.

Contact your tax advisor to establish how you should report these payments.