1099 Reporting. The IRS may require ticket vendors to report the amounts Holder receives for selling or reselling tickets on such ticket vendor’s marketplaces. Ticket vendors are generally required to file a Form 1099-K report with the IRS if the gross amount of a Holder’s transactions on their marketplaces is $600 or more in a calendar year and will need to collect Holder’s Social Security Number or Employer Identification Number. Ticket vendors will generally provide the Holder with a copy of the Form 1099-K by January 31 of the following year. Some state taxing authorities may also require ticket vendors to report when Holder has made at least $600 in transactions on their marketplaces, although some states may require reporting based on different thresholds. When required, such ticket vendor will generally provide Holder with a copy of any required state forms.
1099 Reporting. The Title Company is designated as the party responsible for filing a Form 1099 with the Internal Revenue Service promptly after Closing, to the extent required by the Internal Revenue Code and Treasury Regulations.
1099 Reporting. All required IRS 1099 forms will be sent to each applicable vendor by January 31 of the following year after the end of the contract.
1099 Reporting. The Escrow Agent shall not be responsible for 1099 reporting on behalf of any party to this Agreement or in respect of the Escrow Funds.
1099 Reporting. The closing agent shall be designated as the reporting person for the purposes of the reporting requirements pursuant to Internal Revenue Code Reg. §1/6045-4 and will be responsible for preparing and submitting to the Internal Revenue Service IRS Form 1099 and such other forms and information as may be required to timely report the transaction contemplated by this Contract to the Internal Revenue Service in accordance with applicable law.
1099 Reporting. The parties agree that the Escrow Holder is hereby designated as the entity responsible for filing a Form 1099 with the Internal Revenue Service promptly after the Closing as required under Internal Revenue Code Regulation § 1.6045.4.
1099 Reporting. When a HUD-1 or CD is used, the member is responsible for complying with 1099 reporting requirements.
