Safeguarding Federal Tax Information Sample Clauses

Safeguarding Federal Tax Information. Contractor shall abide by all applicable provisions under IRS Publication 1075. The provisions of Exhibit 7, Contract Language for Technology Services, of IRS Publication 1075 are incorporated as Exhibit D to this Contract.
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Safeguarding Federal Tax Information. Contractor shall abide by all applicable provisions under IRS Publication 1075. The provisions of Exhibit 7, Contract Language for Technology Services, of IRS Publication 1075 are incorporated as Exhibit D to this Contract. a. IRS Right to Audit (1) Contractor hereby acknowledges that the IRS shall have the right to inspect Contractor’s facilities and operations. (2) Contractor hereby acknowledges that IRS inspection may include manual and/ or automated scanning tools to perform compliance and vulnerability assessments of information technology assets that access, store, process, or transmit FTI. b. Contractor’s Responsibility to Address Corrective Action Plans (1) Contractor agrees to work collaboratively with DSHS to address any Corrective Action Plans as directed by the IRS to resolve findings of noncompliance as it relates to Contractor’s duties and responsibilities under this Agreement. c. Internal Inspection (1) DSHS will conduct an internal inspection every 18 months as required under IRS Publication 1075. d. Background Checks (1) Contractor agrees that its Employees with access to FTI must: (a) Meet the background check requirements defined in IRS Publication 1075; and (b) Receive disclosure awareness training and sign a confidentiality statement, prior to initial access to or use of FTI, as well as annually thereafter. i. These provisions also extend to any contractors or sub-contractors hired by Contractor that have authorized access to FTI. e. Subcontractors (1) Contractor agrees that affiliated subcontractors who receive, transmit, process, and/ or store FTI on behalf of DSHS are subject to review and testing by DSHS and IRS.
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Safeguarding Federal Tax Information. For the purposes of this Section: "Federal Tax Information" (“FTI”) consists of federal tax returns and return information (and information derived from it).
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Related to Safeguarding Federal Tax Information

  • Tax Information The Plan is a plan to which Subdivision 83A-C of the Income Tax Assessment Act 1997 (Cth) applies (subject to conditions in the Act).

  • Annual Tax Information The Managers shall cause the Company to deliver to the Member all information necessary for the preparation of the Member’s federal income tax return.

  • Annual Tax Information and Report Within seventy-five (75) days after the end of each fiscal year of the Partnership, the General Partner shall furnish to each person who was a Limited Partner at any time during such year the tax information necessary to file such Limited Partner’s individual tax returns as shall be reasonably required by law.

  • Income Tax Return Information Each Company will provide to the other Company information and documents relating to their respective Groups required by the other Company to prepare Tax Returns. The Responsible Company shall determine a reasonable compliance schedule for such purpose in accordance with Distributing Co.'s past practices. Any additional information or documents the Responsible Company requires to prepare such Tax Returns will be provided in accordance with past practices, if any, or as the Responsible Company reasonably requests and in sufficient time for the Responsible Company to file such Tax Returns on a timely basis.

  • Lender Tax Information For purposes of this Section 5.9, the term “Lender” includes any Fronting Bank.

  • Informational Tax Reporting The Assuming Institution agrees to perform all obligations of the Failed Bank with respect to Federal and State income tax informational reporting related to (i) the Assets and the Liabilities Assumed, (ii) deposit accounts that were closed and loans that were paid off or collateral obtained with respect thereto prior to Bank Closing, (iii) miscellaneous payments made to vendors of the Failed Bank, and (iv) any other asset or liability of the Failed Bank, including, without limitation, loans not purchased and Deposits not assumed by the Assuming Institution, as may be required by the Receiver.

  • Information Returns At the Closing or as soon thereafter as is practicable, Seller shall provide Purchaser with a list of all Deposits on which Seller is back-up withholding as of the Closing Date.

  • Tax Return Information By the 31st day of March of each Fiscal Year of the Partnership, the General Partner, at the expense of the Partnership, shall cause to be delivered to the Limited Partners such information as shall be necessary (including a statement for that year of each Limited Partner’s share of net income, net gains, net losses and other items of the Partnership for the preceding Fiscal Year) for the preparation by the Limited Partners of their Federal, state and local income and other tax returns.

  • Tax Information Returns and Reports The Service Provider shall prepare and file, and require to be prepared and filed by any brokers or banks as to their Customers, with the appropriate governmental agencies, such information, returns and reports as are required to be so filed for reporting: (i) dividends and other distributions made; (ii) amounts withheld on dividends and other distributions and payments under applicable federal and state laws, rules and regulations; and (iii) gross proceeds of sales transactions as required.

  • Withholding Taxes; Information Reporting As to the Certificates of any series, the Trustee, as trustee of the related grantor trust created by this Agreement, shall exclude and withhold from each distribution of principal, premium, if any, and interest and other amounts due under this Agreement or under the Certificates of such series any and all withholding taxes applicable thereto as required by law. The Trustee agrees to act as such withholding agent and, in connection therewith, whenever any present or future taxes or similar charges are required to be withheld with respect to any amounts payable in respect of the Certificates of such series, to withhold such amounts and timely pay the same to the appropriate authority in the name of and on behalf of the Certificateholders of such series, that it will file any necessary withholding tax returns or statements when due, and that, as promptly as possible after the payment thereof, it will deliver to each such Certificateholder of such series appropriate documentation showing the payment thereof, together with such additional documentary evidence as such Certificateholders may reasonably request from time to time. The Trustee agrees to file any other information reports as it may be required to file under United States law.

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