Consistent Reporting. Each Member is aware of the income tax consequences of the allocations made by this Agreement and of its duty under Section 6222 of the Code to treat each item of Company income, gain, loss, deduction or credit in a manner that is consistent with the treatment of such items on the Company’s tax return(s).
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Samples: Limited Liability Company Agreement, Limited Liability Company Agreement, Limited Liability Company Agreement
Consistent Reporting. Each Member is The Members are aware of the income tax consequences of the allocations made by this Agreement and shall report their shares of its duty under Section 6222 of the Code to treat each item Profits and Losses and other items of Company income, gain, loss, loss and deduction or credit in a manner that is consistent for income tax purposes consistently with the treatment of such items on the Company’s tax return(s)this Agreement.
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