IRC Section 4942, Taxes on Failure to Distribute Income - Carryover of Excess Distributions or Undistributed Income

IRC Section 4942, Taxes on Failure to Distribute Income - Carryover of Excess Distributions or Undistributed Income
General Information
Governments

Information return reporting for federal agencies

Guidance on information return requirements for federal agencies.
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Governments

Provide accurate routing and account numbers on Form 8038-CP to avoid delayed payments

Inaccurate direct deposit information on Form 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds may cause a delay in the payment of a request for a credit payment.
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Bond Professional

Excise tax on specified federal foreign procurement payments

Excise Tax on Specified Federal Foreign Procurement Payments
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Governments

Fraud and abusive schemes information for Indian tribal governments

Information on abusive schemes for Indian tribal governments.
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Indian Tribal Governments

Governmental information letter

Need a letter stating that you are tax-exempt as a government organization? Find out how to get a "government affirmation letter" from the Service.
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Governments

FAQs for Indian tribal governments regarding miscellaneous excise taxes

Insights into the applicability of the excise taxes on inland waterways fuel, luxury vehicles, and manufacturing.
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Indian Tribal Governments

Revenue procedures

Issued guidance regarding matters of procedural importance with respect to the administration of the tax laws. The provided materials relate specifically to tax-exempt bonds.
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Bond Professional

If an individual Indian reinvests income from allotted trust lands, are those earnings subject to federal income tax?

Insights into types of nontaxable and treaty-sourced income distributions; the treatment of income derived from allotted land; and the tax implications of income derived from land that has been removed from trust.
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Indian Tribal Governments

IRS announces tribal economic development bonds allocations

The IRS has announced the allocation, in two tranches, of $2 billion of volume cap to tribal governments under the new TEDBs program.
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Bond Professional