Date |
Topic |
Recent Development Archive |
November 19, 2007 |
Title 31- Anti-Money Laundering |
FinCEN developes answers to Frequently Asked Questions to assist in complying with the responsibilities under the Bank Secrecy Act (BSA).
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October 12, 2007 |
Federal Jury Conviction |
Federal Jury Convicts Defendants for Stealing Over $2 Million From the Kickapoo Traditional Tribe of Texas - A federal jury convicted Kickapoo Traditional Tribe of Texas gaming representatives for scheming to steal over $2 million from the casino as well as the tribe itself. |
September 27, 2007 |
Employment Taxes |
Taxpayers can now request an Employer Identification Number (EIN) through a Web-based system that instantly processes requests and generates identification numbers in real time, the Internal Revenue Service announced today.
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September 17, 2007 |
Educational Products |
The office of Indian Tribal Governments is pleased to offer Tax Tools for Tribes, a CD-Rom with various tools and publications useful for addressing federal tax issues. |
September 4, 2007 |
Published Guidance- Revenue Procedures |
The IRS has issued Revenue Procedure 2007-57 which prescribes reporting and withholding rules relating to poker tournaments. |
August 10, 2007 |
Published Guidance- Notices |
Notice 2007-67 extends the transition relief provided under Notice 2006-89 to plans of Indian tribal governments and certain related entities from September 30, 2007 to the date that is six months after the publication of additional guidance is issued. |
July 6, 2007 |
Non-Title 31 - Other Casino Issues
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Gaming Withholding & Reporting Threshold Chart
Chart provides information regarding withholding and reporting thresholds on gaming. This updated chart will appear in the Publication 3908 when revised.
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June 26, 2007 |
Tax Information for Charities and Other Non-Profits - ITG |
New Annual Electronic Filing Requirement for Small Tax-Exempt Organizations.
Beginning in 2008, small tax-exempt organizations that previously were not required to file returns risk losing their tax-exempt status if they do not file an annual electronic notice (e-Postcard Form 990-N). This will include small tax-exempt organizations operated by, or on behalf of Indian tribal governments.
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June 25, 2007 |
Title 31-
Anti-Money Laundering |
FinCEN announced a final rule today that exempts casinos from the requirement to file CTRCs on jackpots from slot machines and video lottery terminals. The final rule also exempts reportable transactions in currency, under certain conditions, involving certain money plays and bills inserted into electronic gaming devices.
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June 14, 2007 |
Published Guidance- Revenue Procedures |
The Internal Revenue Service has issued Revenue Procedure 2007-32 which updates the Gaming Industry Tip Compliance Agreement (GITCA) process.
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May 10, 2007 |
ITG Newsletters |
Alert-Per Capita Gaming Distributions are Taxable. |
April 26, 2007 |
Title 31 Anti-Money Laundering |
FinCEN issued a Notice regarding the delay in using the revised Suspicious Activity Report (SAR) forms. |
April 10, 2007 |
IRM 4.88.1.11.5
Interim Guidance on Fraud Procedures
|
Interim Guidance on Fraud Procedures - This guidance is now incorporated into the IRM. |
March 2, 2007 |
Excise Taxes |
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February 15, 2007 |
USET/ITG Renew Commitment |
USET and ITG renew commitment to work together on tax matters and other issues of mutual interest and concern to the Federal Government and Indian Country. |
February 5, 2007 |
Customer Satisfaction Survey |
ITG has released a report on the results of its 2006 survey of customer satisfaction. |
February 1, 2007 |
ITG Work Plan |
ITG announces their FY 2007 Work Plan. |
January 29, 2007 |
ITG Newsletters |
SCAM ALERT-Beware of bogus issuance requesting Form W-8 BEN. |
January 22, 2007 |
Targeted Tax Benefits |
The Indian Employment Tax Credit has been extended another two (2) years and will now expire December 31, 2007.
Accelerated depreciation for business property on Indian reservations has been extended an additional two (2) years for qualified property placed in service before January 1, 2008.
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October 11, 2006 |
Educational Products |
The office of Indian Tribal Governments has updated Publication 4268 – Employment Tax Desk Guide for Indian Tribal Governments. This new revision from October 2006 can only be accessed on-line through our web site at www.irs.gov/tribes, or a CD-Rom version can be ordered via e-mail request to tege.ask.itg@irs.gov.
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October 2, 2006 |
Tax Status of Tribes |
Notice 2006-89 sets forth transition relief for plans of Indian Tribal governments providing that, pending further guidance, a reasonable and good faith standard applies to such plans to comply with section 906 of the Pension Protection Act of 2006, and that Indian tribal governments have until September 30, 2007 to implement a new plan for commercial employees. Questions regarding Notice 2006-89 should be directed to Ingrid Grinde at (202) 283-9888 (not a toll-free number). Comments may be submitted electronically to notice.comments@irscounsel.treas.gov (Notice 2006-89). |
September 26, 2006 |
Educational Products |
The office of Indian Tribal Governments has updated Publication 3908 – Gaming Tax Law and Bank Secrecy Act Issues for Indian Tribal Governments. The revised issuance contains updated information on withholding rules and tip compliance, and greatly expanded information on the Bank Secrecy Act regulations that impact tribal casinos. The new revision, dated August 2006, can be accessed on-line through our web site at www.irs.gov/tribes, or hard copies can be ordered from the IRS Distribution Center by calling 1-800-829-3676.
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August 29, 2006 |
Abusive Tax Schemes |
The Department of Justice has issued a press release announcing the indictment of seven former tribal leaders on various criminal charges, including misuse of casino revenues and tax evasion. |
August 22, 2006 |
Tax Exempt Bonds |
The Department of the Treasury has published Advanced Notice of Proposed Rule Making on "essential Governmental function" and Tribal tax-exempt bonds. Tribes have until November 7, 2006 to provide input and comments. |
August 22, 2006 |
Tax Status of Tribes |
The new Pension Bill includes provisions for Tribes to sponsor governmental plans for certain employees. We will be posting the latest update on implementation of the bill as it relates to Tribal Governments. Currently, the IRS is analyzing the new law, which is over 900 pages in length. Check back here for an update on the implementation guidelines for those provisions of the bill directly related to Tribal Governments.
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August 22, 2006 |
Tax Exempt Bonds |
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