See the latest IRS job aids in these ITG Issue Snapshots
Internal Revenue Service (IRS) sent this bulletin at 07/19/2018 01:33 PM EDT
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Issue Snapshots
Issue Snapshots are IRS employee job aids that provide analysis and resources along with audit tips or issue indicators for technical tax issues. The most recent Issue Snapshots for Indian tribal governments are:
IRC Section 7873 – Treaty Fishing Rights-Related Income Certain income from a tribal fishing rights-related activity that’s earned by a qualified Indian entity, or by a tribal member directly or through a qualified Indian entity, is exempt from federal, state and local taxes. IRC Section 414(d) – Governmental Plans for Tribes This snapshot discusses the types of retirement plans an Indian tribal government may offer and when those plans may be treated as governmental plans. Revenue Ruling 59-354 – Tribal Council Members’ Wages Amounts paid to Indian tribal council members for their tribal council service is includible in gross income; however, they are not considered wages subject to withholding for Social Security, Medicare and federal income tax reporting. FUTA Exemption for Indian Tribal Governments The tribal community can find answers to many questions on IRS.gov/tribes. If you have a question on any tribal tax matter, please visit Contact ITG for a list of ITG offices that may be able to help you. If you know someone who wants to subscribe to this mailing list, please forward this message to them to subscribe. This message was distributed automatically from the mailing list Indian Tribal Governments News. Please do not reply to this message. |