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Treasury & IRS to Hold Phone Consultation on Forthcoming Guidance Clarifying the Per Capita Act

January 17, 2014

The Department of the Treasury and the Internal Revenue Service (IRS) will host a phone consultation on Monday, January 27, at 2:30 p.m. EST to discuss the forthcoming guidance concerning the federal income tax treatment of per capita distributions made to Indian tribe members from funds held in trust by the Secretary of the Interior.

Generally, under 25 CFR Section 115.700-701, funds may be accepted by the Secretary of the Interior on behalf of federally recognized tribes and certain Native citizens who have an interest in trust lands, trust resources, or trust assets. Moreover, the Per Capita Act decrees that per capita payments from tribal trust funds, held by the Secretary, to tribal members are tax-exempt. The forthcoming guidance will clarify the legal right of tribal members to receive tax-exempt, per capita payments from tribal trust funds. 

No registration is required for the call. Those interested simply call 1-800-639-1840 (toll free) and enter passcode 1059 at 2:30 p.m. EST on Monday, January, 27.

If you already have relevant questions, please using the subject line 'Forthcoming Per Capita Guidance'. The Treasury and IRS will address your questions during the call.