Important Per-Capita Tax Information

To the Members of the Nez Perce Tribe:

The Nez Perce Tribe has received notice from the Internal Revenue Service (IRS) regarding the recent Judgment award distribution.  The IRS has decided not to tax your per-capita as income.  Thereupon you will not be required to pay taxes on your disbursement.  However, the IRS also made clear that any interest earned on your per-capita will be taxable as income.

NPTEC and the Office of Legal Counsel had consulted with the IRS requesting to not tax these per-capita payments and over the last several months, NPTEC along with other tribal leaders achieved this successful outcome through careful planning, teamwork and diplomacy.

 

IRS Guidance on NON Taxability on Per-Capita

Emergency Message - Tribal Trust Accounting and Management Settlement

Indian Related Exclusions

 

 

 



HOME | NPTEC | DEPARTMENTS | COMMISSIONS | GENERAL COUNCIL |AFFILIATES | EVENTS | RESOURCES | CONTACT US
 
     
Nez Perce Tribe 2006. All rights reserved.