FY 2023 Effect of Sequestration on State & Local Government Filers of Form 8038-CP

September 28, 2022 — Pursuant to the requirements of the Balanced Budget and Emergency Deficit Control Act of 1985, as amended, refund payments issued to and refund offset transactions for certain state and local government filers claiming refundable credits under section 6431 of the Internal Revenue Code applicable to certain qualified bonds are subject to sequestration.
General Information
State Governments, Local Governments

IRS updates answers to states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds

IR-2022-165, September 28, 2022 — The IRS today updated its frequently-asked-questions on Coronavirus State and Local Fiscal Recovery Funds (SLFR Funds).
News
News Media, Governments, State Governments, Local Governments

IRS updates frequently asked questions for states and local governments on taxability and reporting of payments from Coronavirus State and Local Fiscal Recovery Funds

FS-2022-36, September 2022 — This Fact Sheet updates frequently asked questions (FAQs) related to the Coronavirus State and Local Fiscal Recovery Funds established under the American Rescue Plan Act (SLFR Funds) (FS-2021-16). These funds give eligible state and local governments a substantial infusion of resources to meet pandemic response needs.
Frequently Asked Questions
Governments, State Governments, Local Governments

Per capita payments from trust funds held by the Department of the Interior

The Department of the Treasury and IRS issued final guidance regarding per capita distributions made to members of Indian tribes from funds held in trust by the Secretary of the Interior.
General Information
Indian Tribal Governments

ITG FAQ Answer #3-Are per capita distributions subject to federal income tax withholding?

Insights into individual tribal members and per capita distributions.
General Information
Indian Tribal Governments

IRC Section 7873 - TAM

Federal Tax Treatment of Income Derived By Indians From Exercise of Fishing Rights Secured by Treaty, Etc.
General Information
Indian Tribal Governments

IRC Section 61 - TAM

Gross Income v. Not Gross Income. Is the income taxable?
General Information
Indian Tribal Governments

IRC Section 6041 - TAM

Information at Source. Information Reporting.
General Information
Indian Tribal Governments

IRC Section 4481 - TAM

Use of Certain Vehicles Tax (Taxable v. Not Taxable). Highway Use Tax.
General Information
Indian Tribal Governments

IRC Section 4401 - TAM

Wagering Tax (Taxable v. Not Taxable). Gaming Issues
General Information
Indian Tribal Governments