FEDERAL WITHHOLDING. So that Buyer may comply with the Foreign Investment in Real Property Tax Act (FIRPTA), Seller hereby declares under penalty of perjury that it is not a foreign person, as defined in FIRPT A. At or prior to Closing, Seller shall provide Buyer with such additional information (including Seller's taxpayer identification number) and affidavits as may be necessary for Buyer to comply with FIRPTA.
FEDERAL WITHHOLDING. This tax varies with the amount of income and the number of dependents claimed.
FEDERAL WITHHOLDING. Federal income tax will be withheld at the rate of 10% from any distribution, subject to the IRS withholding rules, unless you elect a withholding rate of 0% below or have previously elected out of withholding. Tax will be withheld on the gross amount of the payment even though you may be receiving amounts that are not subject to withholding because they are excluded from gross income. This withholding procedure may result in excess withholding on the payments. If you elect to have no federal taxes withheld from your distribution, or if you do not have enough federal income tax withheld from your distribution, you may be responsible for payment of estimated tax. You may incur penalties under the estimated tax rules if your withholding and estimated tax payments are not sufficient. You understand that your below election will remain in effect until such time as you make a different election with the Custodian. I elect federal income tax withholding of 0%, do not withhold federal income tax from my distributions.* I elect federal income tax withholding of % must be a whole percent, you may elect any rate from 1% to 100%.* See the attached Form W-4R Withholding Certificate for Nonperiodic Payments which has the Marginal Rate Tables and “Suggestion for determining withholding” instructions. You may use these tables and instructions to help you select the appropriate withholding rate. *Generally, you can’t elect less than 10% federal income tax withholding for payments to be delivered outside the United States and its possessions. Continued on next page. XXXX XXX CONVERSION REQUEST FORM - (INTERNAL) Continued
FEDERAL WITHHOLDING. 39 22.2 DISCLOSURE TO TAXING AUTHORITIES....................................39 ARTICLE XXIII.................................................................39
FEDERAL WITHHOLDING. Pursuant to FIRPTA, and the regulations promulgated thereunder, Seller and Owner agree to deliver to Purchaser, at or prior to the Closing Date, and at or prior to each Conveyance Date, an affidavit executed by Seller and Owner, certifying that neither Seller nor Owner will be subject to federal withholding pursuant to this Contract.
FEDERAL WITHHOLDING. In the event Exchangor is a “Foreign Person,” EAT shall be entitled to withhold and pay those amounts required to be withheld by Section 1445 of the Code and the Regulations promulgated thereunder. In the event Exchangor presents to EAT a “Withholding Certificate,” issued by the Internal Revenue Service pursuant to Treas. Reg. § 1.1445-3, EAT may, in the exercise of its reasonable judgment, comply with the Withholding Certificate. By signing this QEAAbelow, Exchangor certifies under penalty of perjury that it is not a “Foreign Person” as that term is defined in Section 1445 of the Code and the Regulations promulgated thereunder, and further certifies the accuracy of such Taxpayer I.D. Number inserted below and the accuracy of its address as indicated above.
FEDERAL WITHHOLDING. 5is tax varies with the amount of income and number of dependents claimed.
FEDERAL WITHHOLDING. REPORTING Certain federal reporting and withholding requirements exist for real estate transactions where the seller (transferor) is a non-resident alien, a non-domestic corporation, partnership, or limited liability company; or a domestic corporation, partnership or limited liability company controlled by non-residents; or non-resident corporations, partnerships or limited liability companies. D. TAXPAYER IDENTIFICATION DISCLOSURE Federal and state laws require that certain forms include a party's TIN and that such forms or copies of the forms be provided to the other party and to the applicable governmental authorities. Parties to a real estate transaction involving seller-provided financing are required to furnish, disclose, and include the other party's TIN in their tax returns. Escrow Holder is authorized to release a party's TINs and copies of statutory forms to the other party and to the applicable governmental authorities in the foregoing circumstances. The parties agree to hold Escrow Holder harmless against any fees, costs, or judgments incurred and/or awarded because of the release of their TIN as authorized herein.
FEDERAL WITHHOLDING. In the event Exchangor is a “Foreign Person,” EAT shall be entitled to withhold and pay those amounts required to be withheld by Section 1445 of the Code and the Regulations promulgated thereunder. In the event Exchangor presents to EAT a “Withholding Certificate,” issued by the Internal Revenue Service pursuant to Treas. Reg. § 1.1445-3, EAT may, in the exercise of its reasonable judgment, comply with the Withholding Certificate. By entering a Taxpayer’s I.D. Number after Exchangor’s signature below, Exchangor certifies under penalty of perjury that it is not a “Foreign Person” as that term is defined in Section 1445 of the Code and the Regulations promulgated thereunder, and further certifies the accuracy of such Taxpayer I.D. Number and the accuracy of its address as indicated above.
FEDERAL WITHHOLDING. Use for payouts from a non-governmental 457(b) tax-exempt entity and any other non-qualified deferred compensation plan.
1. Marital Status: # Single # Married # Married, but withhold at higher single rate Total number of allowances you are claiming # Additional amount, if any, you want deducted from each payment $ .
2. I claim exemption from withholding and I certify that I meet BOTH of the following conditions for exemption. • Last year I had a right to a refund of ALL federal income tax withheld because I had NO tax liability AND • This year I expect a refund of ALL federal income tax withheld because I expect to have NO tax liability.
