Common use of Federal Income Tax Information Clause in Contracts

Federal Income Tax Information. As soon as practicable after the close of each calendar year, the Trustee shall mail to each Person who was a Beneficiary at the close of the year, a statement showing, on a per Unit basis the dates and amount of all distributions made by the Trustee, income earned on assets held by the Trust, if any, such other information as is reasonably available to the Trustee which may be helpful in determining the amount of gross income and expenses attributable to the Trust that such Beneficiary should include in such Person’s Federal income tax return, if any, for such year and any other information as may be required to be furnished under applicable law. In addition, after receipt of a request in good faith, the Trustee shall furnish to any Person who has been a Beneficiary at any time during the current or preceding year, at the expense of such Person and at no cost to the Trust, a statement containing such further information as is reasonably available to the Trustee 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 (Xcorporeal, Inc.), Liquidating Trust Agreement (Amv Liquidating Trust), Liquidating Trust Agreement (Genaera Corp)

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Federal Income Tax Information. As soon as practicable after the close of each calendar tax year, the Trustee Trustees shall mail to each Person who was a Beneficiary at the close of the year, a statement showing, on a per Unit basis the dates and amount of all distributions made by the TrusteeTrustees, income earned on assets held by the Trust, if any, such other information as is reasonably available to the Trustee Trustees which may be helpful in determining the amount of gross income and expenses attributable to the Trust that such Beneficiary should include in such Person’s 's Federal income tax return, if any, return for such the preceding year and any other information as may be required to be furnished under applicable law. In addition, after receipt of a request in good faith, the Trustee Trustees shall furnish to any Person who has been a Beneficiary at any time during the current or preceding year, at the expense of such Person and at no cost to the Trust, a statement containing such further information as is reasonably available to the Trustee Trustees 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 1 contract

Samples: Liquidating Trust Agreement (BPP Liquidating Trust)

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Federal Income Tax Information. As soon as practicable after the close of each calendar yeartax year of the Trust, the Trustee Trust shall mail to each Person who was a Beneficiary at the close of the year, a statement showing, on a per Unit basis the dates and amount of all distributions made by the TrusteeSponsor Trustees, income earned on assets held by the Trust, if any, such other information as is reasonably available to the Trustee Sponsor Trustees which may be helpful in determining the amount of gross income and expenses attributable to the Trust that such Beneficiary should include in such Person’s 's Federal income tax return, if any, return for such the preceding year and any other information as may be required to be furnished under applicable law. In addition, after receipt of a request in good faith, the Trustee Trust shall furnish to any Person who has been a Beneficiary at any time during the current or preceding year, at the expense of such Person and at no cost to the Trust, a statement containing such further information as is reasonably available to the Trustee Sponsor Trustees 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 1 contract

Samples: Liquidating Trust Agreement (Malan Realty Investors Inc)

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