Recent Developments presents recent legislation, issuances from Treasury, and other newsworthy items which may affect Indian tribal governments. Tribal governments may wish to submit written comments where permissible under federal regulations.
The IRS announced in March 2011 that Federally recognized Indian Tribal Governments are specifically exempted from the Affordable Care Act W-2 reporting requirement. This exemption was announced in IRS Notice 2011-28; Question & Answer 3.
Frequently Asked Questions (FAQs) about new Section 139D. The Patient Protection and Affordable Care Act added Section 139D to the Internal Revenue Code. Section 139D provides, in general, that gross income does not include the value of any qualified Indian health care benefit.