Accrued Taxes has the meaning set forth in Schedule 2.05(b).
Accrued Taxes has the meaning specified in Section 4.6.
Accrued Taxes means the liability for Income Taxes of the Company Entities unpaid as of the Closing Date for the (i) taxable period (or portion thereof) ending on and including the Closing Date or (ii) if the Closing Date is after December 31, 2020, then for the taxable period (or portion thereof) ending on and including December 31, 2020 and the taxable period (or portion thereof) ending on and including the Closing Date, in each case, computed in accordance with the past practice (including reporting positions, elections and accounting methods) of the Company and its Subsidiaries in preparing Tax Returns for Income Taxes and only with respect to those jurisdictions in which the Company and its Subsidiaries have previously filed Tax Returns (or jurisdictions in which the Company or any of its Subsidiaries commenced activities on or after January 1, 2020 and prior to the Closing Date) with respect to the type of Income Taxes to be taken into account, and, for purposes of calculating any such liability for Income Taxes, (A) all Transaction Tax Deductions shall be taken into account to the extent "more likely than not" deductible (or at a higher level of confidence) in the Pre-Closing Tax Period and consistent with the first proviso of Section 7.05(a), and applying, to the extent applicable, the seventy percent safe-harbor election under Revenue Procedure 2011-29 to any "success based fees," (B) any financing or refinancing arrangements entered into at any time by or at the direction of Purchaser2 or any other transactions entered into by or at the direction of Purchaser2 in connection with the transactions contemplated hereby shall not be taken into account, (C) any Income Taxes attributable to transactions outside the ordinary course of business on the Closing Date after the time the Closing shall be excluded, and (D) any liabilities for accruals or reserves established or required to be established under GAAP methodologies that require the accrual for contingent Income Taxes or with respect to uncertain Tax positions shall be excluded.
Examples of Accrued Taxes in a sentence
Accrued Taxes Payable: Federal, State and FICA tax withheld; unemployment taxes; disabilities insurance and employer’s share of FICA tax.
OTHER (ATTACH LIST) $ 28,849,513 Reported ----------------------- Deferred Taxes 31,006,505 Accrued Taxes payable (17,685,739) Interest payable 15,528,747 ----------------------- 28,849,513 Detail ----------------------- - Difference CASE NAME: Kitty Hawk, Inc.
When the Data Review Team believes that the collected information about the student is sufficient and warrants referral to Tier 3, students will be referred to the Gifted Eligibility Team, which consists of at least 3 people from the child’s school, including the Gifted Program Teacher, a Classroom Teacher or Special Area Teacher, and a Local School Administrator or LSA Designee (Assistant Principal, Counselor, or other designee).
Sivashanmugam is a Chartered Accountant with 35 years background in Domestic and International Finance & Accounts.
The provisions for the Accrued Taxes are adequate for the payment of all of Seller’s liabilities for unpaid taxes (whether or not disputed).
More Definitions of Accrued Taxes
Accrued Taxes means (i) the unpaid amount of Taxes of the Company and its Subsidiaries attributable to taxable periods (or portions thereof) beginning on or after February 1, 2023, and ending on or prior to the Closing Date (whether or not yet due and payable), in taxing jurisdictions where the Company or its Subsidiaries filed a Tax Return for the last Tax period for which a Tax Return was due (taking into account applicable extensions) or commenced activities after the end of such Tax period, and determined in accordance with the past practice of the Company (except as reasonably necessary to account for the Transfer Pricing Study (which amount may not be less than zero in any jurisdiction or for any particular type of Tax) and (ii) $100,000 (in respect of the sales, use, gross receipts and other Taxes of the Company and its Subsidiaries in the jurisdictions (and for the applicable periods) set forth on Schedule 2.16(a)). In the determination of Accrued Taxes, (a) income Taxes for any Straddle Period shall be determined in accordance with as provided in the definition of Pre-Closing Tax Period, (b) Transaction Deductions that are at least “more likely than not” deductible in a Pre-Closing Tax Period under applicable Law shall be taken into account in the Pre-Closing Tax Period ending on the Closing Date, (c) net operating losses shall be utilized in Pre-Closing Tax Periods to the extent at least “more likely than not” permitted by applicable Law, (d) income Taxes to the extent included in Accrued Taxes that are deductible for U.S. federal income Tax purposes at a “more likely than not” (or higher) level of comfort under applicable Law and that are attributable to the taxable period (or portion thereof) ending on the Closing Date shall be deemed deducted in the Pre-Closing Tax Period ending on the Closing Date, (e) any offsets or reductions with respect to estimated Tax payments or overpayments, including the carryforward of estimated Tax payments from prior taxable periods, shall be taken into account to the extent such payments or overpayments are available to reduce the amount that would otherwise constitute unpaid income Taxes in such jurisdiction with respect to Pre-Closing Tax Periods, (f) any actions outside of the ordinary course of business not contemplated by this Agreement taken by Purchaser or any of its Affiliates after the Closing on the Closing Date, shall be disregarded, (g) any Taxes on income attributable to deferred revenue or prepaid amounts that ha...
Accrued Taxes means all Taxes attributable to a Person or its income, operations or properties accruing up to and including the Closing.
Accrued Taxes means an amount equal to the aggregate liability for (i) unpaid Income Taxes of the Transferred Entities (a) with respect or attributable to any Pre-Closing Period ending on the Closing Date or any Pre-Closing Period ending during the calendar year 2019 or 2020, in each case excluding any Taxes for which the applicable Transferred Entity has filed its final Income Tax Return for income Taxes for the relevant Pre-Closing Period, provided that all Taxes shown as due on any such filed Income Tax Return for the relevant Pre-Closing Tax Period have been paid and (b) imposed by a jurisdiction where a Transferred Entity filed a Tax Return for a Pre-Closing Period ending on or before December 31, 2019 or where a Transferred Entity first began operations in a Pre-Closing Period beginning after December 31, 2019 and (ii) any Taxes of the Transferred Entities that have been deferred from a Pre-Closing Period to a Post-Closing Period under the CARES Act; provided that Accrued Taxes shall not be less than zero in the aggregate. The calculation of Accrued Taxes shall (A) exclude any deferred Tax liabilities and deferred Tax assets, (B) consider estimated (or other prepaid) Tax payments only to the extent that such payments have the effect of reducing (not below zero) the particular current Tax liability in respect of which such payments were made, (C) consider transaction-related deductions only to the extent such deductions have the effect of reducing (not below zero) a particular Income Tax liability to which such deductions are relevant, (D) be determined in accordance with past practice to the extent supported by a “more likely than not” (or higher) standard under applicable Law, (E) exclude any Taxes attributable to actions outside of the Ordinary Course of Business taken by or at the direction of Purchaser, its Affiliates, or any Transferred Entity on the Closing Date after Closing and (F) exclude any amount of Taxes set forth as reserves for uncertain Income Tax positions of any Transferred Entity. Any Accrued Taxes described in clauses (i) and (ii) attributable to a Straddle Period shall be allocated to the portion of the Straddle Period ending on the Closing date based on an interim closing of the books on the Closing Date.
Accrued Taxes means any accrued but unpaid Taxes of the Company or the Subsidiary as of immediately prior to the Closing.
Accrued Taxes means currently payable Tax liabilities and provisions for deferred Tax liabilities;
Accrued Taxes means for any Pre-Closing Period and the portion of any Straddle Period up to and including the Closing Date, calculated in accordance with Section 6.9(b), the Taxes of the Companies and Company Subsidiaries, which may be positive or negative, with respect to any Tax Return prepared pursuant to Section 6.9 that relates solely to the Companies or the Company Subsidiaries, regardless of whether such Taxes are due and payable as of the Closing Date, taking into account any overpayments, estimated payments, offsets, or reductions in such Tax attributable to Tax payments made by a Company or Company Subsidiary prior to the Closing Date. For the avoidance of doubt, any tax benefit that may be realized after the Closing Date attributable to a net operating loss or other tax attribute shall not be taken into account in determining Accrued Taxes.
Accrued Taxes shown on the Balance Sheet adequately reflects the liability for unpaid Taxes (including deferred Taxes) of Company and the Subsidiaries as of the Balance Sheet Date.