Natural Resources and Tribes
FAQs regarding IRC Section 7873 (Fishing Rights)
Insights into the definitions of "fishing rights-related activity" and "qualifying Indian entity", the types of taxes that are exempted by section 7873, and other relative information.
FAQs regarding Tribal Issues vs. Tribal Member Issues
Insights into tribal government's federal tax obligations and responsibilities regarding income, employment taxes and information returns. Conversely, the individual tribal member's obligations and responsibilities regarding income derived from land, general welfare payments, and per capita distributions.
IRC Section 7873
Income derived by Indians from exercise of fishing rights.
IRM 4231 Section 533
Tax audit guidelines re: Indian fishing rights, IRC Section 7873.
Indian fishing rights-related activities income eligible for qualified retirement plan contributions
Amendments to the Treasury Regulations clarify that Indian tribal members who earn compensation for services performed in a fishing rights-related activity can contribute those amounts to a qualified retirement plan.
For Revenue Rulings related to Natural Resources, visit our Revenue Rulings page.
Other Related Natural Resources FAQs
FAQs regarding Distributions
Insights into what are distributions; the different types and their tax implications; definitions of Indian Country and reservations; what is meant by competent and non-competent; and requirements to withhold on per capita distributions from gaming proceeds, as well as, withholding of gambling winnings to non-resident aliens.
FAQs regarding Employment Taxes
Insights into tribal responsibilities with regards to the withholding, filing, and paying of employment taxes.
FAQs regarding Miscellaneous Issues
Insights into a variety of issues, such as definitions, taxation of tribal governments and tribal members, sovereign immunity, etc.