Common use of Payroll Tax Reporting Clause in Contracts

Payroll Tax Reporting. The Buyer and the Sellers agree that for the taxable year that includes the Closing Date, they will follow the Standard Procedure of Rev. Proc. 2004-53, 2004-34 IRB 320, so that each of the Buyer and the Sellers shall be responsible for employment tax reporting with respect to the wages and other compensation that it pays to Transferred Employees for such calendar year.

Payroll Tax Reporting. The Buyer and the Sellers Buyex xxx Seller agree that for the taxable year that includes the Closing Date, they will follow the Standard Procedure of Rev. Proc. 2004-53, 2004-34 IRB 320, so that each of the Buyer and the Sellers Seller shall be responsible for employment tax reporting with respect to the wages and other compensation that it pays to Transferred Employees for such calendar year.

Payroll Tax Reporting. The To the extent permissible under applicable Law, Buyer and the Sellers Seller agree that for the taxable year that includes the Closing Date, they will follow the Standard Alternate Procedure of Rev. Proc. 2004-53, 2004-34 IRB 320, so that each of the Buyer and the Sellers shall be responsible for employment tax Tax reporting with respect to the wages and other compensation that it pays to Transferred Business Employees for such that calendar year; provided that Seller provides Buyer with all employment Tax information reasonably requested by Buyer in connection with Buyer’s preparation and filing of employment Tax Returns for the Business Employees for that year.

Payroll Tax Reporting. The Buyer and the Sellers agree that for the taxable year that includes the Closing Date, they will follow the Standard Procedure of Rev. Proc. 2004-532004‑53, 2004-34 2004‑34 IRB 320, so that each of the Buyer and the Sellers shall be responsible for employment tax reporting with respect to the wages and other compensation that it pays to Transferred Employees for such calendar year.