Common use of Federal Income Tax Information Clause in Contracts

Federal Income Tax Information. As soon as practicable after the close of each taxable year, the Managing Trustee shall direct its transfer agent to mail to each Person who was a Beneficiary at the close of the year, a statement showing on a Trust Share basis in the Trust the dates and amounts of all distributions made by the Managing Trustee, if any, income earned on Trust Assets held by the Trust, if any, such other information as is reasonably available to the Managing Trustee which the Managing Trustee determines may be helpful in determining the amount of gross income and expenses attributable to the Trust that such Beneficiary should include in such Beneficiary’s federal income tax return for the preceding year and any other information as may be required to be furnished under the tax laws. In addition, after receipt of a good faith written request, or in its discretion without such request or if required by applicable law, such transfer agent (or if it cannot, the Managing Trustee) shall furnish to any Person who has been a Beneficiary at any time during the preceding year a statement containing such further information as is reasonably available to the transfer agent or Managing Trustee, respectively, which shall be helpful in determining the amount of taxable income which such Person should include in such Person’s federal income tax return.

Appears in 4 contracts

Samples: Liquidating Trust Agreement (Icon Leasing Fund Twelve, LLC), Liquidating Trust Agreement (Icon Leasing Fund Eleven, LLC), Liquidating Trust Agreement (Icon Income Fund Ten LLC)

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Federal Income Tax Information. As soon as practicable after the close of each taxable year, the Managing Trustee shall direct its transfer agent to mail to each Person who was a Beneficiary at the close of the year, a statement showing on a Trust Share Unit basis in the Trust the dates and amounts of all distributions made by the Managing Trustee, if any, income earned on Trust Assets held by the Trust, if any, such other information as is reasonably available to the Managing Trustee which the Managing Trustee determines may be helpful in determining the amount of gross income and expenses attributable to the Trust that such Beneficiary should include in such Beneficiary’s federal income tax return for the preceding year and any other information as may be required to be furnished under the tax laws. In addition, after receipt of a good faith written request, or in its discretion without such request or if required by applicable law, such transfer agent (or if it cannot, the Managing Trustee) shall furnish to any Person who has been a Beneficiary at any time during the preceding year a statement containing such further information as is reasonably available to the transfer agent or Managing Trustee, respectively, which shall be helpful in determining the amount of taxable income which such Person should include in such Person’s federal income tax return.

Appears in 3 contracts

Samples: Liquidating Trust Agreement (Icon Income Fund Eight B Lp), Liquidating Trust Agreement (Icon Cash Flow Partners L P Seven), Liquidating Trust Agreement (Icon Income Fund Eight /De)

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Federal Income Tax Information. As soon as practicable after the close of each taxable year, the Managing Liquidating Trustee shall direct its transfer agent the Transfer Agent to mail to each Person who was a Beneficiary at the close of the year, a statement showing on a Liquidating Trust Share Unit basis in the Liquidating Trust the dates and amounts of all distributions made by the Managing Liquidating Trustee, if any, income earned on Trust Assets assets held by the Liquidating Trust, if any, such other information as is reasonably available to the Managing Liquidating Trustee which the Managing Liquidating Trustee determines may be helpful in determining the amount of gross income and expenses attributable to the Liquidating Trust that such Beneficiary should include in such Beneficiary’s Person's federal income tax return for the preceding year and any other information as may be required to be furnished under the tax laws. In addition, after receipt of a written request in good faith written requestfaith, or in its discretion without such request or if required by applicable law, such transfer agent the Transfer Agent (or if it cannot, the Managing Liquidating Trustee) shall furnish to any Person who has been a Beneficiary at any time during the preceding year a statement containing such further information as is reasonably available to the transfer agent Transfer Agent or Managing Liquidating Trustee, respectively, which shall be helpful in determining the amount of taxable income which such Person should include in such Person’s 's federal income tax return.

Appears in 2 contracts

Samples: Liquidating Trust Agreement (Afg Investment Trust B), Liquidating Trust Agreement (Afg Investment Trust A)

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