Tax Forms and Grant Taxability. All non-residential Participants (including tax-exempt and governmental entities) shall provide MassCEC with a properly completed United States Internal Revenue Service Tax Form W-9 (the “W-9”) as part of the attached Application. In addition, all non- residential tax-exempt entities and governmental entities must provide a tax-exemption certification or IRS tax-exemption determination letter. W-9s and tax-exemption information (if applicable) should be emailed only to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇. Grants may be considered taxable income by the U.S. Internal Revenue Service and the Massachusetts Department of Revenue. All Participants are strongly encouraged to consult with a tax professional to determine the federal and/or state tax implications of receipt of a grant. MassCEC will issue a Form 1099 to each non- residential Grantee who receives funds.
Appears in 1 contract
Sources: Participant Agreement
Tax Forms and Grant Taxability. All non-residential Participants (including tax-exempt and governmental entities) shall provide MassCEC with a properly completed United States Internal Revenue Service Tax Form W-9 (the “W-9”) as part of the attached Application. In addition, all non- residential tax-exempt entities and governmental entities must provide a tax-exemption certification or IRS tax-exemption determination letter. W-9s and tax-exemption information (if applicable) should be emailed only to ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇.▇▇▇. Grants may be considered taxable income by the U.S. United States Internal Revenue Service and the Massachusetts Department of Revenue. All Participants are strongly encouraged to consult with a tax professional to determine the federal and/or state tax implications of receipt of a grant. MassCEC will issue a Form 1099 to each non- non-residential Grantee who receives funds.
Appears in 1 contract
Sources: Participant Agreement