Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes, which may be assessed in connection with the Services and related products provided under this Agreement. Sub-Merchant agrees and understands that Fattmerchant or its designee will provide information reporting to the Internal Revenue Services and applicable state treasurers for all reportable payment transactions of Sub- Merchant as defined in IRC § 6050W. If necessary, Fattmerchant or its designee will conduct backup withholding on the revenue generated by the reportable payment transactions of the Sub-Merchant.
Taxes, Information Filings and Backup Withholding. Sub-Merchant agrees to pay all federal, state, and local sales, use, income, property and excise taxes that it is legally obligated to pay in connection with the Services. Sub-Merchant understands and agrees that WorkWave or its designee will provide information to the Internal Revenue Services and applicable state treasurers for all reportable transactions of Sub-Merchant. If necessary, WorkWave or its designee will conduct backup withholding on the revenue generated by the reportable transactions of Sub-Merchant.
