Interest and penalties definition

Interest and penalties means interest and penalties accru- ing on taxes during the period of federal active duty and 6 months thereafter. In case several owners jointly own property, other than property held jointly or as marital property with the spouse of the person in federal active duty, interest and penalties means the pro-
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Interest and penalties means interest and penalties accru- ing on taxes during the period of military service and 6 months thereafter. In case several owners jointly own property, other than property held jointly or as marital property with the spouse of the person in military service, interest and penalties means the pro- portionate share of the total interest and penalties commensurate with the equity in the property of the person in military service.
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Interest and penalties means interest and penalties accruing on taxes
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Examples of Interest and penalties in a sentence

  • Interest and penalties in the event of default, as provided above, are explicitly authorized by Section 399.014(d) of the PACE Act.

  • Interest and penalties imposed with regard to taxes shall be borne by the same party who bears the responsibility for remitting the tax.

  • Interest and penalties should be prorated between the Parties based on a ratio of each Party’s overall liability for Non-Income Taxes over the total liability for Non-Income Taxes for each specific Audit.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by or to (in the case of interest accruing with respect to a refund) each Group Member, in proportion to the increase or decrease in such Group Member's separate return tax liability computed under Section A of this Article I.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by each AFFILIATE to EUA in proportion to the increase in such AFFILIATE'S separate return tax liability computed under Section A of this Agreement that is required to be paid to EUA.

  • Interest and penalties, if any, attributable to such an adjustment shall be paid by or to (in the case of interest accruing with respect to a refund) each Member included in the consolidated, combined or unitary return in proportion to the increase or decrease, as the case may be, in such Member's share of the consolidated, combined or unitary business profits tax liability as determined in accordance with this Article II.

  • Interest and penalties, if any, shall be computed to a date occurring one (1) business day after the Closing Date.

  • Interest and penalties related to income tax matters, if applicable, will be recognized as income tax expense.

  • Deficiency Total Disputes in the Sample Population Total in the Sample Number of Deficiencies Found % of Compliance Interest and penalties not paid or paid incorrectly.

  • Interest and penalties on any late payments will be paid as required of Health Plan by law.


More Definitions of Interest and penalties

Interest and penalties. Any interest and/or penalty not specifically allocated to a Present Subsidiary by the IRS may be allocated to a present Subsidiary upon such basis as Enron deems just and proper after consulting with PGE's management and tax personnel and in view of all applicable circumstances.
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