Tax and Other Liabilities. All taxes required by law which are due and payable by DTLL have been paid; all taxes DTLL is obligated to withhold from amounts owing to any employee or third party have been withheld; and all tax returns and reports required by law to have been filed by DTLL have been duly filed and reflect the amounts due and paid. There are in effect no waivers of applicable statutes of limitations with respect to any taxes, governmental charges, duties, imports, levies or fees for any year and DTLL has not agreed to any extension of time with respect to any tax assessment or deficiency. The tax returns of DTLL have not been and are not being audited by the Internal Revenue Service for any of DTLL’s tax periods. No tax liens have been asserted against any of DTLL’s assets, and any potential assessment or any additional taxes for periods for which returns have been filed is not expected to exceed the recorded liability therefor.
Appears in 2 contracts
Samples: Stock Purchase Agreement (DTLL Inc), Stock Purchase Agreement (DTLL Inc)
Tax and Other Liabilities. All taxes required by law which are due and -------------------------- payable by DTLL have been paid; all taxes DTLL is obligated to withhold from amounts owing to any employee or third party have been withheld; and all tax returns and reports required by law to have been filed by DTLL have been duly filed and reflect the amounts due and paid. There are in effect no waivers of applicable statutes of limitations with respect to any taxes, governmental charges, duties, imports, levies or fees for any year and DTLL has not agreed to any extension of time with respect to any tax assessment or deficiency. The tax returns of DTLL have not been and are not being audited by the Internal Revenue Service for any of DTLL’s 's tax periods. No tax liens have been asserted against any of DTLL’s 's assets, and any potential assessment or any additional taxes for periods for which returns have been filed is not expected to exceed the recorded liability therefor.
Appears in 2 contracts
Samples: Stock Purchase Agreement (Island Residences Club, Inc.), Stock Purchase Agreement (Island Residences Club, Inc.)