Common use of Information Reporting and Backup Withholding Clause in Contracts

Information Reporting and Backup Withholding. Payments made to U.S. holders in the Offer or the Merger generally will be subject to information reporting and may be subject to backup withholding (currently at a rate of 24%). To avoid backup withholding, U.S. holders that do not otherwise establish an exemption should complete and return the IRS Form W-9 included in the Letter of Transmittal, certifying that such holder is a U.S. person, the taxpayer identification number provided by such holder is correct, and that such holder is not subject to backup withholding. Certain holders (such as corporations) may not be subject to backup withholding. Backup withholding is not an additional tax and may be refunded or credited against the applicable holder's U.S. federal income tax liability, provided that, such holder timely furnishes the required information to the IRS.

Appears in 1 contract

Samples: Offer to Purchase (Alexion Pharmaceuticals, Inc.)

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Information Reporting and Backup Withholding. Payments made to U.S. holders in the Offer or the Merger generally will be subject to information reporting and may be subject to backup withholding (currently at a rate of 24%). To avoid backup withholding, U.S. holders that do not otherwise establish an exemption should complete and return the IRS Form W-9 included in the Letter of Transmittal, certifying that such holder is a U.S. person, the taxpayer identification number provided by such holder is correct, and that such holder is not subject to backup withholding. Certain holders (such as including corporations) may generally are not be subject to backup withholding. Backup withholding is not an additional tax and may be refunded or credited against the applicable holder's ’s U.S. federal income tax liability, provided that, that such holder timely furnishes the required information to the IRS.

Appears in 1 contract

Samples: Offer to Purchase (eMed, LLC)

Information Reporting and Backup Withholding. Payments made to U.S. holders in the Offer or the Merger generally will be subject to information reporting and may be subject to backup withholding (currently at a rate of 24%). To avoid backup withholding, U.S. holders that do not otherwise establish an exemption should complete and return the IRS Form W-9 included in the Letter of Transmittal, certifying that such holder is a U.S. person, the taxpayer identification number provided by such holder is correct, and that such holder is not subject to backup withholding. Certain holders (such as including corporations) may generally are not be subject to backup withholding. Backup withholding is not an additional tax and may be refunded or credited against the applicable holder's U.S. federal income tax liability, provided that, that such holder timely furnishes the required information to the IRS.

Appears in 1 contract

Samples: Offer to Purchase (Novartis Ag)

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Information Reporting and Backup Withholding. Payments made to U.S. holders Holders in the Offer or the Merger generally will be subject to information reporting and may be subject to backup withholding (withholding, which is currently imposed at a rate of 2428%). To avoid backup withholding, U.S. holders Holders that do not otherwise establish an exemption should complete and return the IRS Substitute Form W-9 included in the Letter of Transmittal, certifying that such holder is a U.S. person, that the taxpayer identification number provided by such holder is correct, and that such holder is not subject to backup withholding. Certain holders (such as including corporations) may generally are not be subject to backup withholding. Backup withholding is not an additional tax and may tax. Any amounts withheld under the backup withholding rules will be refunded or credited allowed as a credit against the applicable holder's a U.S. Holder’s U.S. federal income tax liability, and the U.S. Holder may obtain a refund of any amounts withheld in excess of the U.S. Holder’s U.S. federal income tax liability provided that, such holder timely furnishes the required information is timely furnished to the IRS.

Appears in 1 contract

Samples: Offer to Purchase (Intersil Corp/De)

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