Common use of Tax Forms and Grant Taxability Clause in Contracts

Tax Forms and Grant Taxability. a. Grantee shall require that [Fiscal Agent Name] provide MassCEC with a properly completed United States Internal Revenue Service (“IRS”) Form W-9 (the “W-9”). Failure to provide the W-9 shall be grounds for withholding all Grant Installments until such W-9 is received. W-9s shall be emailed to ▇▇@▇▇▇▇▇▇▇.▇▇▇ b. Grants may be considered taxable income by the IRS and the Massachusetts Department of Revenue. Grantee is solely responsible for any failure to timely consult with a tax professional to determine the federal and/or state tax implications of this Agreement. MassCEC will issue an IRS Form 1099 to each Grantee. For all tax-exempt entities (including government entities), a tax- exemption certificate or IRS tax-exemption determination letter must be emailed to ▇▇@▇▇▇▇▇▇▇.▇▇▇