Common use of Advisory: Tax Withholding Clause in Contracts

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an exemption exists.

Appears in 3 contracts

Samples: Exclusive Right to Sell Listing Contract, Exclusive Right to Sell Listing Contract, Exclusive Right to Sell Listing Contract

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Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 205 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 206 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 207 exemption exists.

Appears in 2 contracts

Samples: Exclusive Right to Sell Listing Contract, Seller Listing Contract

Advisory: Tax Withholding. The Internal Revenue Service internal revenue service and the Colorado Department of Revenue revenue may require closing company to withhold a substantial portion of the proceeds of this Sale sale when Seller seller either (1) is a foreign person or (2) will not be a Colorado resident after closing. Seller should inquire of Seller’s seller's tax advisor to determine if withholding applies or if an exemption exists.

Appears in 2 contracts

Samples: Exclusive Right to Sell Listing Contract, Exclusive Right to Sell Listing Contract

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 206 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 207 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 208 exemption exists.

Appears in 1 contract

Samples: Listing Addendum

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Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 219 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 220 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 221 exemption exists.. 222

Appears in 1 contract

Samples: Exclusive Right to Sell Listing Contract

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 221 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 222 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 223 exemption exists.. 224

Appears in 1 contract

Samples: Exclusive Right to Sell Listing Contract

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