IRS Form Sample Clauses
An IRS Form clause requires one or both parties to complete, provide, or cooperate in the preparation of specific tax forms mandated by the Internal Revenue Service. This clause typically applies in transactions where tax reporting or withholding is necessary, such as payments to independent contractors or foreign entities, and may specify forms like W-9 or W-8BEN. Its core function is to ensure compliance with U.S. tax laws and facilitate proper tax documentation, thereby reducing the risk of penalties or withholding errors.
IRS Form. A Designation Agreement designating the “reporting person” for purposes of completing Internal Revenue Form 1099 and, if applicable, Internal Revenue Form 8594.
IRS Form. Each Holder surrendering Company Shares for payment of the Merger Consideration to which such Holder is entitled is required to provide the Exchange Agent with a correct Taxpayer Identification Number (“TIN”) and certain other information on an appropriate Form W-9, or an appropriate IRS Form W-8. 2 Exchange Agent to confirm whether any guarantee of signature is required if not signed by record owner. U.S. federal income tax law generally requires that if your Company Shares are accepted for payment, you or your assignee (in either case, the “Payee”), if such Payee is a U.S. person, must provide the Exchange Agent (the “Payor”) with the Payee’s correct Taxpayer Identification Number (“TIN”), which, in the case of a Payee who is an individual, is the Payee’s social security number. A “U.S. person” is an individual who is a U.S. citizen or U.S. resident alien, a partnership, corporation, company or association created or organized in the United States or under the laws of the United States, or any political subdivision thereof, an estate (other than a foreign estate) or a domestic trust (as defined in Treasury Regulations Section 301.7701-7). If the Payor is not provided with the correct TIN or an adequate basis for an exemption, the Payee may be subject to a $50 penalty imposed by the Internal Revenue Service (“IRS”) and backup withholding (currently at a rate of 24%) of cash portion, if any, of the gross proceeds received pursuant to the Merger. Backup withholding is not an additional tax. Rather, the tax liability of a person subject to backup withholding will be reduced by the amount withheld provided that the required information is timely furnished to the IRS. If withholding results in an overpayment of taxes, a refund may be obtained provided that the required information is timely furnished to the IRS. If the Payee is a U.S. person but does not have a TIN, such Payee should consult the enclosed Instructions for IRS Form W-9 (the “W-9 Specific Instructions”) for instructions on applying for a TIN and apply for and receive a TIN prior to submitting the IRS Form W-9. If the Payee is a U.S. person and does not provide such Payee’s TIN to the Payor by the time of payment, backup withholding may apply.
IRS Form. The form of Agreement used to establish this IRA is the model government form provided by the IRS and is known as Form 5305-A. the IRS approval is a determination only as to form. It is not an endorsement of the plan in operation or of the investments offered.
IRS Form. The IRS Form required by Section 6(b)(x) above;
IRS Form. At the Closing, each Investor shall deliver to the Company a duly executed, valid, accurate and properly completed Internal Revenue Service (“IRS”) Form W-9 or applicable IR Form W-8 (with any required attachments). Each Investor agrees that if the information provided on any IRS Form W-9 or IRS Form W-8 previously delivered by the Investor changes, or if a lapse in time or change in circumstances renders the information on such IRS Form W-9 or IRS Form W-8 obsolete, expired or inaccurate in any material respect, the Investor shall promptly inform the Company and deliver promptly an updated IRS Form W-9 or IRS Form W-8.
IRS Form. An Internal Revenue Service tax return verification form (Form 4506T) executed by Borrower and Guarantor.
IRS Form. On the Signing Date, Assertio will provide the Purdue Entities with a properly completed IRS Form W-9. Assertio shall promptly provide the Purdue Entities with an updated or revised IRS Form W-9 upon the inaccuracy or invalidity of the IRS Form W-9 provided on the Signing Date.
IRS Form. On or prior to the Closing Date, the Purchasers shall deliver to the Company a properly completed and duly executed IRS Form W-9.
IRS Form. Such Selling Shareholder shall deliver to the Representative, prior to or at the Closing Date, a properly completed and executed Internal Revenue Service (“IRS”) Form W-9 or IRS Form W-8, as appropriate, together with all required attachments to such form.