Common use of FEDERAL TAX REQUIREMENTS Clause in Contracts

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.

Appears in 18 contracts

Samples: Equal Housing Opportunity, New Home Contract, Witness My Hand And (Roi Land Investments LTD)

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FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable lawInternal 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.

Appears in 3 contracts

Samples: Residential Condominium Contract, Residential Condominium Contract, Residential Condominium Contract

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by applicable lawInternal 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.

Appears in 3 contracts

Samples: auctioneersoftware.s3.amazonaws.com, auctioneersoftware.s3.amazonaws.com, s3.amazonaws.com

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” " as defined by applicable law, or if Seller fails to deliver an affidavit to Buyer Affidavit that Seller is not a "foreign person," then Buyer shall withhold from the sales proceeds at closing an amount sufficient to comply with the applicable tax law and deliver the same to the Internal Revenue Service Service, together with appropriate tax forms. Internal Revenue Service regulations require filing written reports if currency cash in excess of specified amounts is received in the transaction.

Appears in 3 contracts

Samples: Sale and Purchase Agreement, Sale and Purchase Agreement, Sale and Purchase Agreement

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.

Appears in 3 contracts

Samples: cdn.cocodoc.com, agenda.wilco.org, www.hoodhomesblog.com

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by applicable lawInternal 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.

Appears in 2 contracts

Samples: www.legacysite.landbrokermls.com, www.legacysite.landbrokermls.com

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. 21.

Appears in 2 contracts

Samples: Residential Condominium Purchase Agreement, randyelgin.wolfnetwp.com

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable lawInternal 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.

Appears in 2 contracts

Samples: adc-tenbox-prod.imgix.net, adc-tenbox-prod.imgix.net

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable law, or if Seller Xxxxxx 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.

Appears in 1 contract

Samples: New Home Contract

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable law, 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 the applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. Internal Revenue Service IRS regulations require the filing of written reports if currency cash in excess of specified amounts is received in the transaction.

Appears in 1 contract

Samples: Earnest Money Contract

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. 21.

Appears in 1 contract

Samples: Purchase Agreement (Residential Capital, LLC)

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FEDERAL TAX REQUIREMENTS. If Seller is a "" foreign person,” as defined by applicable lawInternal 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.

Appears in 1 contract

Samples: prosperitygroup.com

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.

Appears in 1 contract

Samples: Mesa Builders Inc

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by applicable law, or if Seller fails to deliver an affidavit to Buyer Purchaser that Seller is not a "foreign person," then Buyer Purchaser 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.

Appears in 1 contract

Samples: Real Estate Purchase Contract (M Wave Inc)

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person," as defined by applicable law, 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.

Appears in 1 contract

Samples: www.hoodhomesblog.com

FEDERAL TAX REQUIREMENTS. If Seller is a "" foreign person,” as defined by applicable lawInternal 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. 21.

Appears in 1 contract

Samples: demo.bullformstexas.com

FEDERAL TAX REQUIREMENTS. If Seller is a "" foreign person,” as defined by applicable lawInternal 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 writ- ten reports if currency in excess of specified amounts is received in the transaction.

Appears in 1 contract

Samples: New Home Contract

FEDERAL TAX REQUIREMENTS. If Seller is a "foreign person,” as defined by applicable law, or if Seller fails to deliver an affidavit affi davit to Buyer that tha t Seller is not n ot a "" foreign person,” then Buyer shall withhold from the sales proceeds an amount sufficient s ufficient to comply with applicable tax law and deliver the same to the th e Internal Revenue Service Se rvice 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.

Appears in 1 contract

Samples: Farm and Ranch Contract

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