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TREAS/IRS RIN: 1545-BL61 Publication ID: Fall 2021 
Title: Treatment of Income From Indian Fishing Rights-Related Activity as Compensation 
Abstract:

These final regulations provide that amounts paid to an Indian tribe member as remuneration for services performed in a fishing rights-related activity (as defined in section 7873(b)(1)) may be treated as compensation for purposes of applying the limits on qualified plan benefits and contributors imposed by section 415, even though those amounts are not subject to income tax under section 7873(a)(1).

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: No  Unfunded Mandates: No 
CFR Citation: 26 CFR 1.415(c)-2   
Legal Authority: 26 U.S.C. 7805    26 U.S.C. 415(c)    26 U.S.C. 7873   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  11/15/2013  78 FR 68780   
NPRM Comment Period End  02/13/2014 
Final Action  04/00/2022 
Additional Information: REG-120927-13 Drafter attorney: Jamie L. Dvoretzky (202) 317-4102 Reviewer attorney: Pamela Kinard (202) 317-6000 Treasury attorney: Amber Salotto (202) 622-6707 CC:EEE
Regulatory Flexibility Analysis Required: No  Government Levels Affected: Tribal 
Small Entities Affected: No  Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jamie Dvoretzky
Attorney
Department of the Treasury
Internal Revenue Service
1111 Constitution Avenue NW.,
Washington, DC 20224
Phone:202 317-4836
Fax:885 605-5282
Email: jamie.l.dvoretzky@irscounsel.treas.gov