S Short Year. Pursuant to Section 1362(e)(1) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year. The S Short Year of the Company shall be that portion of the Company's S Termination Year beginning on the first day of such fiscal year and ending on the day immediately preceding the Termination Date. For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.
Appears in 3 contracts
Samples: Corporation Tax Allocation and Indemnification Agreement (Paper Warehouse Inc), S Corporation Tax Allocation and Indemnification Agreement (Omega Research Inc), S Corporation Tax Allocation and Indemnification Agreement (American Aircarriers Support Inc)
S Short Year. Pursuant to Section 1362(e)(11362(e)(1)(A) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year. The As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the Company shall be that portion of the Company's its S Termination Year beginning on the first initial day of such its fiscal year and ending on the day immediately preceding the S Termination Date. For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.
Appears in 2 contracts
Samples: Agreement and Plan of Reorganization (Fyi Inc), Merger Agreement (Waste Recovery Inc)
S Short Year. Pursuant to Section 1362(e)(11362(e) (1)(A) of the Code, the S Termination Year of the Company shall be divided into two short taxable years: an S Short Year and a C Short Year. The As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the Company shall be that portion of the Company's its S Termination Year beginning on the first initial day of such its fiscal year and ending on the day immediately preceding the S Termination Date. For federal income tax purposes, the Company will be treated as an S corporation during its S Short Year.
Appears in 1 contract
S Short Year. Pursuant to Section 1362(e)(11362(e)(1)(A) of the Code, the S Termination Year of the a Company shall be divided into two short taxable years: an S Short Year and a C Short Year. The As defined in Section 1362(e)(1)(A) of the Code, the S Short Year of the such Company shall be that portion of the Company's its S Termination Year beginning on the first initial day of such its fiscal year and ending on the day immediately preceding the S Termination Date. For federal income tax purposes, the such Company will be treated as an S corporation during its S Short Year.
Appears in 1 contract
Samples: Stock Purchase Agreement (Fyi Inc)
