New Income Tax Guide for Native American Individuals and Sole Proprietors
The new IRS Publication 5424, Income Tax Guide for Native American Individuals and Sole Proprietors is now available on IRS.gov. Members of a federally-recognized Indian tribe are subject to federal income and employment tax and the provisions of the Internal Revenue Code, like other United States citizens. In addition to the exemptions enjoyed by other U.S. Citizens, individual Indians may enjoy exemptions that derive plainly from treaties or agreements with the Indian tribes concerned, or an act of Congress dealing with their affairs.
This publication discusses the tax treatment of certain income unique to Native American individuals and sole proprietors to help in preparing their tax returns.