Common use of Taxes Owed on Payments to Class Members Clause in Contracts

Taxes Owed on Payments to Class Members. Plaintiff and Defendant are asking the Court to approve an allocation of 20% of each Individual Class Payment to wages (“Wage Portion”) and 80% to penalties and interest (“Non-Wage Portion.). The Individual PAGA Payments are counted as penalties rather than wages for tax purposes. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff and Defendant have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.

Taxes Owed on Payments to Class Members. Plaintiff and Defendant CTI are asking the Court to approve an allocation of 2050% of each Individual Class Payment to taxable wages (“Wage Portion”“Wage Portion”) and 8050% to penalties and interest (“Non“Non-Wage Portion.”). The Individual PAGA Payments are counted as penalties rather than wages for tax purposesWage Portion is subject to withholdings and will be reported on IRS W-2 Forms. CTI will separately pay employer payroll taxes it owes on the Wage Portion. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff and Defendant CTI have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.

Taxes Owed on Payments to Class Members. Plaintiff and Defendant REI are asking the Court to approve an allocation of 2033.33% of each Individual Class Payment to taxable wages (“Wage Portion”“Wage Portion”) and 8066.67% to interest and penalties and interest (“Non“Non-Wage Portion.). The Individual PAGA Payments are counted as penalties rather than wages for tax purposesWage Portion is subject to withholdings and will be reported on IRS W-2 Forms. R E I will separately pay employer payroll taxes owed on the Wage Portion to the Administrator. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff and Defendant REI have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.

Taxes Owed on Payments to Class Members. Plaintiff and Defendant ProLink are asking the Court to approve an allocation of 20% of each Individual Class Payment to taxable wages (“Wage Portion”"Wage Portion") and 80% to penalties interest and interest penalties. (“Non"Non-Wage Portion."). The Individual PAGA Payments are counted as penalties rather than wages for tax purposesWage Portion is subject to withholdings and will be reported on IRS W-2 Forms. ProLink will separately pay employer payroll taxes it owes on the Wage Portion. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff and Defendant ProLink have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.

Taxes Owed on Payments to Class Members. Plaintiff and Defendant are asking the Court to approve an allocation of 20% of each Individual Class Payment to taxable wages (“Wage Portion”“Wage Portion”) and 80% to penalties interest and interest penalties. (“Non“Non-Wage Portion.). The Individual PAGA Payments are counted as penalties rather than wages for tax purposesWage Portion is subject to withholdings and will be reported on IRS W-2 Forms. Defendant will separately pay employer payroll taxes it owes on the Wage Portion. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff and Defendant have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.

Taxes Owed on Payments to Class Members. Plaintiff Plaintiffs and Defendant Freedom are asking the Court to approve an allocation of 20% of each Individual Class Payment to taxable wages (“Wage Portion”“Wage Portion”) and 80% to interest and penalties and interest (“Non“Non-Wage Portion.). The Individual PAGA Payments are counted as penalties rather than wages for tax purposesWage Portion is subject to withholdings and will be reported on IRS W-2 Forms. Freedom will separately pay employer payroll taxes it owes on the Wage Portion. The Administrator will report the Wage Portion on IRS W-2 Forms, and will report the Individual PAGA Payments and the Non-Wage Portions of the Individual Class Payments on IRS 1099 Forms. Although Plaintiff Plaintiffs and Defendant Freedom have agreed to these allocations, neither side is giving you any advice on whether your Payments are taxable or how much you might owe in taxes. You are responsible for paying all taxes (including penalties and interest on back taxes) on any Payments received from the proposed Settlement. You should consult a tax advisor if you have any questions about the tax consequences of the proposed Settlement.