Common use of Allocation of Tax Relating to Federal Separate Income Tax Returns Clause in Contracts

Allocation of Tax Relating to Federal Separate Income Tax Returns. (i) New IAC shall be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any (A) New IAC Separate Return or (B) IAC Separate Return for any Pre-Deconsolidation Period; and (ii) IAC shall be responsible for any and all Federal Income Taxes due with respect to or required to be reported on any (A) New Match Separate Return or (B) IAC Separate Return for any Post-Deconsolidation Period; in each case, including any increase in such Tax as a result of a Final Determination.

Appears in 4 contracts

Samples: Tax Matters Agreement (Match Group, Inc.), Tax Matters Agreement (IAC/InterActiveCorp), Joinder and Reaffirmation Agreement (Match Group, Inc.)

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