RECENT POSTS

• FASB, IASB Propose New Lease Accounting Standards
• HHS Data Shows Disparity in Hospital Pricing
• Support for Whistleblowing Increasing
• Proposal Would Make Tribal Government Financial Records Public

---

ARCHIVES

• Current Blog
• 2013 April
• 2013 March
• 2013 February
• 2013 January
• 2012 December
• 2012 November
• 2012 October
• 2012 September
• 2012 August
• 2012 July
• 2012 June
• 2012 May
• 2012 April
• 2012 March
• 2012 February
• 2012 January
• 2011 December
• 2011 November
• 2011 October
• 2011 September
• 2011 August
• 2011 July
• 2011 June
• 2011 May
• 2011 March
• 2011 February
• 2011 January

February 16, 2012 1:15:24 pm

IRS Extends Comment Period for Native American Welfare Exclusion Guidance

The Internal Revenue Service has extended the comment period for Notice 2011-94, which will apply the general welfare exclusion to Indian tribal programs that provide benefits to tribal members.  The new comment period ends March 14, 2012. 

The IRS is seeking input on how the exclusions should apply to housing, cultural education and elder programs.  Some examples of the programs which may fall under the exclusion include:

• Programs which provide housing both on and off the reservation, but with income limits different from those of the Department of Housing and Urban Development
• Programs involving tours of sites that are historically significant to a tribe
• Language preservation programs
• Community recreational programs
• Programs that provide cultural and social events for tribal members
• Educational programs providing tutors or supplies to primary and secondary school students
• Job retraining programs for adults, and
• Programs providing services to elders such as heating assistance or meals. 

For more on the IRS announcement, please see Accounting Today.
 

Tags: Tribal, Tax

Comments:

No comments currently posted.

Leave a comment:

posted by:

validation code:

please enter validation code above: