FEDERAL TAX REQUIREMENTS. I f Seller is a " foreign person,” as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non- foreign status to Buyer that Seller is not a "foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction.
FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable law, or if Seller fails to deliver an affidavit to Buyer that Seller is not a "foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction.
FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non- foreign status to Buyer that Seller is not a "foreign person," then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction. Authentisign ID: 733B6DB9-2E33-4DAB-84C2-66EBC1FE347B Authentisign ID: 733B6DB9-2E33-4DAB-84C2-66EBC1FE347B
FEDERAL TAX REQUIREMENTS. State --------------------- ------------------------ Street shall be the "payor" (within the meaning of such term as used in Section 3405 of the Code) of benefits under the Employer Plans and under any other Individual Recordkeeping Plan except as otherwise provided in this Section. As payor, State Street shall perform any required withholding of income tax from distributions and withdrawals. Prior to the distribution of each Participant's benefits and in accordance with the applicable Service Standards, State Street shall provide appropriate notice of withholding and any applicable withholding election forms to such Participant. State Street shall provide to the Participant copies of any notice required by Section 402(f) of the Code in connection with the payment of all amounts as to which it is the payor. Notwithstanding the foregoing, State Street shall not be the payor of benefits under a Plan to the extent that such benefits are paid by the issuer of an annuity contract that is purchased by the Trustee in accordance with a Participant's election pursuant to the applicable Plan. In such event, the issuer of such annuity contract shall be the payor (within the meaning of the Code).
FEDERAL TAX REQUIREMENTS. Buyer is responsible for withholding from the sales proceeds ten percent of the g oss Purchase Price in c mpliance with applicable tax law and submitting said amount to the Internal R venue S rvice in conjunction with the relevant tax forms if Seller falls under the definition of a “foreign person” within applicable law. The primary grounds for exemption are if Seller furnishes an affidavit to Buyer stating that either (a) Seller is not a “foreign person” within applicable law along with Seller’s United States taxpayer identification number or (b) if the Purchase Price does not exceed Three Hundred Thousand Dollars ($300,000.00) and the Property will be used as Xxxxx’s residence.
FEDERAL TAX REQUIREMENTS. I f Seller is a " for n,” the
FEDERAL TAX REQUIREMENTS. I f Seller is a " foreign person,” as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non- foreign status to Buyer that Seller is not a "foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Contract Concerning 0000 Xxxx Xxxxx Xx, Xxxxxxx, Xxxxxx Xxxxxx, TX 77055 (Address of Property) Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction.
FEDERAL TAX REQUIREMENTS. I f Seller is a " foreign person,” as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non- foreign status to Buyer that Seller is not a "foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction. Initialed for identification by Xxxxx and Seller TREC NO. 20-15 Contract Concerning 000 Xxxxx Xxxx, Xxxx, XX 00000 Page 8 of 11 11-10-2020 (Address of Property)
FEDERAL TAX REQUIREMENTS. I f Seller is a " foreign person,” as defined by Internal Revenue Code and its regulations, or if Seller fails to deliver an affidavit or a certificate of non-foreign status to Buyer that Seller is not a "foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing writ- ten reports if currency in excess of specified amounts is received in the transaction. To Buyer at: To Sellerat: Phone: ( ) Phone: ( ) E-mail/Fax: [ ( )] E-mail/Fax: [( )] E-mail/Fax: E-mail /Fax:
FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by applicable law, or if Seller fails to deliver an affidavit to Buyer that Seller is not a "foreign person," then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency in excess of specified amounts is received in the transaction. Farm and Ranch Contract 000 Xxxxxx Xxxx, Xxxxxx, Xx Xxxx Xxxxxx, Page Eight 01-06-03 (Address of Property)