Individual Indian Monies IIM US Department of the Interior Doi Form
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People also ask
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What happens to an IIM account when someone dies?
At the end of all probate procedures, funds remaining in a decedent's estate account will be distributed from the decedent's estate account and paid directly to or deposited into an IIM account of the decedent's heirs, beneficiaries, or other persons or entities entitled by law to receive the funds, where applicable. -
What happens to an IIM account when someone dies?
At the end of all probate procedures, funds remaining in a decedent's estate account will be distributed from the decedent's estate account and paid directly to or deposited into an IIM account of the decedent's heirs, beneficiaries, or other persons or entities entitled by law to receive the funds, where applicable. -
Is IIM money taxable?
Is the money in my IIM account taxable? Most income derived directly from land held in trust by the U.S. Government is exempt from federal and state taxation for individual Indians. However, all interest income, capital gain income, and certain royalties are subject to federal and state taxes. -
How do I find out if I have an IIM account?
If you aren't sure if you have an IIM account, you can request an IIM ledger report from the Office of the Special Trustee (OST). If you have an account, your IIM ledger report will tell you your balance and any deposits made into the account since it was established. -
How do I find out if I have an IIM account?
If you aren't sure if you have an IIM account, you can request an IIM ledger report from the Office of the Special Trustee (OST). If you have an account, your IIM ledger report will tell you your balance and any deposits made into the account since it was established. -
Is IIM money taxable?
Is the money in my IIM account taxable? Most income derived directly from land held in trust by the U.S. Government is exempt from federal and state taxation for individual Indians. However, all interest income, capital gain income, and certain royalties are subject to federal and state taxes. -
What is an IIM beneficiary?
An Individual Indian Money (IIM) account is an interest-bearing account managed by the Department of the Interior, Bureau of Trust Funds Administration (BTFA) on behalf of an individual who has money or other assets held in trust for them by the Federal government. -
How do I claim Indian money?
The applicant must fill out a General Assistance application and submit the following required documents; Proof of membership in a Federal Recognized Tribe. Copy of California Driver's License or ID. Copy of Social Security Card. Proof of Income. Proof of Denial from County General Assistance. -
How do I get my Native American money?
The applicant must fill out a General Assistance application and submit the following required documents; Proof of membership in a Federal Recognized Tribe. Copy of California Driver's License or ID. Copy of Social Security Card. Proof of Income. Proof of Denial from County General Assistance.
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