Schedule K-1 Clause Samples
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Schedule K-1. The Partnership shall cause the preparation and timely filing of all of the Partnership’s tax returns and shall timely file all other writings required by any governmental authority having jurisdiction to require such filing. Each Partner shall provide such information to the Partnership as may be reasonably necessary for purposes of the Partnership’s preparing any such required tax return or information return. The General Partner shall use commercially reasonable efforts to provide to each Partner any information or relevant form, including but not limited to Internal Revenue Service Schedule K-1 to Internal Revenue Service Form 1065, regarding the Partnership’s taxable income or loss and each item of income, gain, loss, deduction or credit which is relevant to reporting a Partner’s share of the Partnership’s income, gain, loss, deduction or credit for income tax purposes, as soon as practicable after the close of the Partnership’s Tax Year (as defined below). Upon the written request of any Partner, the Partnership shall provide any information reasonably necessary for (i) the preparation of any U.S. federal, state, local and non-U.S. tax returns which may need to be filed by such Partner or (ii) financial accounting purposes.
Schedule K-1. The Partnership shall use reasonable efforts to provide each Partner with such Partner’s U.S. Internal Revenue Schedule K-1 for each fiscal year within 90 days after the end of such fiscal year.
Schedule K-1. The Partnership and each Series shall use reasonable efforts to provide each Partner with such Partner’s U.S. Internal Revenue Schedule K-1 for the Partnership and such Series for each fiscal year within 90 days after the end of such fiscal year.
Schedule K-1. After the end of each Fiscal Year, the Managing Member shall cause to be prepared and transmitted to each Member, as promptly as practicable, and in any event within ninety (90) days of the close of such Fiscal Year, an Internal Revenue Service (“IRS”) Schedule K-1 and any required similar state or local income tax form; provided, however, that if the Company is not able to deliver an IRS Schedule K-1 within such ninety-day period, then within thirty (30) days after the end of such period the Company shall deliver to each Member a good faith estimate of the information required to be shown on an IRS Schedule K-1. Each Member shall provide to the Company any information with respect to such Member that the Company reasonably requires to complete and file the Company’s tax returns or other tax filings.
Schedule K-1. The Manager shall, at the Company’s expense, cause to be transmitted to each Member a Schedule K-l or any other applicable form required by the Internal Revenue Service, upon completion of such by the Manager; provided that in all events, such K-1 shall be provided on or prior to July 15 of each calendar year.