Search Results for keywords:"taxation"

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Search Results: keywords:"taxation"

  • Type:Notice
    Citation:86 FR 2446
    Reading Time:about 12 minutes

    The notice publishes an amendment to the Liquor Ordinance of the Chippewa Cree Tribe on the Rocky Boy's Indian Reservation in Montana. The amendment arises from an agreement between the Tribe and the State of Montana to have a consistent tax level for alcoholic beverage sales both inside and outside the reservation. This aims to minimize legal disputes and share tax revenue effectively between the Tribe and the State. The ordinance mandates the Tribe to impose taxes matching Montana's liquor excise and license taxes for alcoholic beverages sold within the reservation's boundaries.

    Simple Explanation

    The Chippewa Cree Tribe and Montana have agreed to make the taxes on alcohol the same whether sold inside or outside the Tribe's land. This plan helps them avoid arguments and share the money made from these taxes fairly.

  • Type:Notice
    Citation:90 FR 11878
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is asking for public feedback on the burden of information collection related to the taxation of gains or losses from foreign currency transactions, also known as Section 988 Transactions. This request is part of the IRS's ongoing effort to reduce paperwork and respondent burden, in compliance with the Paperwork Reduction Act of 1995. They are particularly interested in comments on whether the data collection is necessary, accurate, and efficient, and how it could be improved or made less burdensome. Comments must be submitted by May 12, 2025, and will become part of the public record.

    Simple Explanation

    The IRS wants to know what people think about rules for reporting money made or lost from trading foreign currency, trying to make it less complicated for everyone, and they want your ideas by May 12, 2025.