Ads

Keepseagle awardees must file a tax return

Share

Submitted by Intertribal Agriculture Council

Billings, MT – The Intertribal Agriculture Council would like to share some important year-end tax information for Keepseagle claimants. Receiving either the Track A or Track B settlement payment was the first step in finalizing your Keepseagle settlement.

All settlement recipients will need to file a federal income tax return and report this settlement as income regardless of their current income level, land status, current employment status and even if they have not filed a Federal income tax return before.

Each settlement recipient will be receiving a Form 1099 MISC and/or a Form 1099-C around mid-January. Recipients must file a tax return to comply with IRS regulations. Many recipients may qualify for a tax refund and will not be able to get it unless they file a return. A fact sheet can be downloaded at www.iactechhelp.com/?p=212

A series of workshops and an online webinar will be occurring across the nation to further assist awardees with tax filing and reporting issues.

Please visit the Intertribal Ag Council’s website: IndianAgLink.com for a list of trainings. You may also visit the regional Extension Risk Management Education Centers at ExtensionRME.org for workshops occurring in your area. For more tax topics and information go to RuralTax.org.

 

Be the first to like.

Ad

Podcasts

Most recent regular Eagle Butte City Council Meeting on April 9, 2014. Recording records entire meeting excluding a one-hour executive session. Top action taken: approved Tuesday's Ward II election results; rescinded February council action reducing Mayor salary, putting it back to what it was prior to action; appointed Verzella LaPlante Mayor; appointed Tyson LaPlante to fill Ward II seat. Most recent Dupree City Council meeting held on Monday, April 7, 2014. Most recent regular Dupree City Council Meeting held on March 3, 2014. Recording starts shortly after meeting was called to order and runs entire length of meeting. Main discussion points included city streets and the upcoming April election.

Obituaries

Market Cheyenne River

Wondering how to get your organization or business's message to the Cheyenne River community? Let your hometown newspaper help.