Per Capita Payments from Certain Tribal Trust Settlement Proceeds Excluded from Income


The IRS announces the publication of Notice 2013-1, which updates and supersedes Notice 2012-60.

Notice 2013-1 provides guidance concerning the federal income tax treatment of per capita payments that a member of an Indian tribe receives from the proceeds of certain settlements of tribal trust accounting and mismanagement cases between the United States and that Indian tribe.

Notice 2015-20 updates the appendix to Notice 2013-1, which lists the eligible tribes.