Common use of Advisory: Tax Withholding Clause in Contracts

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 204 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 205 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 206 exemption exists. 207 12. DEPOSITS. Brokerage Firm is authorized to accept xxxxxxx money deposits received by Broker pursuant to a proposed Sale 208 contract. Brokerage Firm is authorized to deliver the xxxxxxx money deposit to the closing agent, if any, at or before the closing of 209 the Sale contract.

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado Department of Revenue may require 204 220 closing company to withhold a substantial portion of the proceeds of this Sale when Seller either (1) is a foreign person or (2) will 205 221 not be a Colorado resident after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 206 222 exemption exists. 207 223 224 12. DEPOSITS. Brokerage Firm is authorized to accept xxxxxxx money deposits received by Broker pursuant to a proposed 225 Sale 208 contract. Brokerage Firm is authorized to deliver the xxxxxxx money deposit to the closing agent, if any, at or before the 226 closing of 209 the Sale contract.. 227

Advisory: Tax Withholding. The Internal Revenue Service and the Colorado 182 Department of Revenue may require 204 closing company to withhold a substantial portion of the 183 proceeds of this Sale when Seller either (1) is a foreign person or (2) will 205 not be a Colorado resident 184 after closing. Seller should inquire of Seller’s tax advisor to determine if withholding applies or if an 206 185 exemption exists. 207 12187 7. DEPOSITS. Brokerage Firm is authorized to accept xxxxxxx money deposits received by 188 Broker pursuant to a proposed Sale 208 contract. Brokerage Firm is authorized to deliver the xxxxxxx 189 money deposit to the closing agent, if any, at or before the closing of 209 the Sale contract.. 190