Tax Filings and Notices. The Liquidation Trust Administrator shall treat the Liquidation Trust as a grantor trust pursuant to Treas. Reg. § 1.671-1(a), and shall prepare and provide to, or file with, the appropriate parties such notices, tax returns and other filings, including all tax returns for the Liquidation Trust, as may be required under the Plan, the Internal Revenue Code, or other applicable law including any notices required to report interest, dividends or gross proceeds. The Liquidation Trust Administrator shall comply with all withholding and reporting requirements imposed by any taxing authority, and all distributions made hereunder shall be subject to any such withholding and reporting requirements. If the Liquidation Trust shall be required to withhold tax from a distribution to a Beneficiary, the amount withheld shall be treated for all purposes of this Trust Agreement as having been distributed to that Beneficiary. The Liquidation Trust Administrator, or the applicable Servicer (if any), shall, when specifically requested by a Beneficiary in writing, provide such Beneficiary with such tax information as is necessary for the preparation by such Beneficiary of its income tax return.
Tax Filings and Notices. The Trustee shall treat the Distribution
Tax Filings and Notices. The Trustee shall prepare and provide to, or file with, the appropriate parties such notices, tax returns and other filings, including all federal, state and local tax returns for the Shareholders Trust and the Second Amended Shareholders Trust, as may be required under the Internal Revenue Code, the Plan, or as may be required by applicable law of other jurisdictions including, if required under applicable law, notices required to report interest or dividend income. The Trustee shall, when specifically requested by a Beneficiary in writing, provide such Beneficiary with such tax information as is reasonably necessary for the preparation by such Beneficiary of its income tax return.
Tax Filings and Notices. The Trustee shall prepare and provide to, or file with, the appropriate taxing authorities and other parties such notices, tax returns and other filings, including all federal, state and local tax returns for the Trust, as may be required under the Code, the Plan, or as may be required by applicable law of other jurisdictions including, if required under applicable law, notices required to report interest or dividend income ("Tax Reports"). To the extent required by applicable law and, if not so required, then when specifically requested by a Beneficiary in writing, the Trustee shall provide such Beneficiary with such tax information as is necessary for the preparation by such Beneficiary of such Beneficiary's income tax return. If such tax information is provided at the specific request of a Beneficiary (and not as required by applicable law), then such Beneficiary shall pay a reasonable fee to the Trustee, in an amount to be then determined by the Trustee, together with all costs and expenses incurred by the Trustee in providing such tax information to such Beneficiary. In connection with the Trustee's performance of its duties pursuant to this Section 7.12, the Trustee may require any Beneficiary to furnish to the Trustee its employer or taxpayer identification number as assigned by the Internal Revenue Service, together with such other information, returns or forms as the Trustee may determine are required, and the Trustee may condition any distribution of Net Trust Recoveries to any Beneficiary upon such receipt of such identification number, any other information and returns and forms as are required for the Trustee to comply with Internal Revenue Service requirements. The Trustee shall consult with the tax department of New Holding Company, New Operating Company or Kmart, as appropriate, in advance of issuing or filing any Tax Reports, and shall in good faith consider (but shall have no obligation to accept or comply with) all reasonable suggestions of such tax department. The Trustee shall cooperate with and provide Reorganized Debtors with all information reasonably requested in connection with tax matters of the Reorganized Debtors, all at the sole cost and expense of Reorganized Debtors.
Tax Filings and Notices. The Individual Trustees shall prepare and provide to, or file with, the appropriate authorities such notices, tax returns and other filings, including all federal, state and local tax returns for the Trust, as may be required under the Code, the Plan or the applicable law of other jurisdictions, including, if required under applicable law, notices required to report interest or dividend income. Without limiting the generality of the foregoing, the Individual Trustees shall file returns for the Trust as a grantor trust pursuant to Section 1.671-4(a) of the Income Tax Regulations. The Individual Trustees shall, as required by law or when specifically requested by a Class Member in writing, provide such Class Member with such tax information as is necessary for the preparation by such Class Member of its income tax returns.
