Notice and Demand definition

Notice and Demand means any demand for payment issued by the Department that is eligible for the 30-day interest-free grace period under UPIA Section 3-2(c-5). . .
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Notice and Demand means a bill or other request for payment issued by the Department for an assessed amount of tax, penalty or interest.
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Notice and Demand means any demand for payment issued by the Department that is eligible for the 30-day interest-free grace period under Section 3-2(c-5) of the Uniform Penalty and Interest Act (UPIA) [35 ILCS 735]Section 3- 2(c-5).
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Examples of Notice and Demand in a sentence

  • The IRS issues a Section 3121(q) Notice and Demand to advise an employer of the amount of tips received by employees who failed to report or underreported tips to the employer.

  • Add the total federal income tax withheld from wages, tips, and other compensation (line 3), the total social security and Medicare taxes before adjustments (line 5e), and any tax due under a Section 3121(q) Notice and Demand (line 5f).

  • When the Commission con- siders it appropriate to afford an oppor- tunity for the compromise of a civil penalty, it will, except when otherwise authorized by the Commission, or where circumstances render it unneces- sary, send a Notice and Demand Letter (‘‘NDL’’) to the respondent, by reg- istered or certified mail, or by other means reasonably calculated to give notice.

  • Add the total social security and Medicare taxes before adjustments (line 5e) and any tax due under a Section 3121(q) Notice and Demand (line 5f).

  • Enter on line 14 any corrections to amounts reported on Form 941, line 5f, for the tax due from a Section 3121(q) Notice and Demand.

  • This Notice and Demand for Indemnification is submitted pursuant to the Indemnification Agreement dated as of August 22, 2011, between Bitzio, Inc., a corporation existing under the laws of Nevada (the “Company”), and the undersigned (the “Agreement”).

  • The penalty rate for Failure to Pay Tax Upon Notice and Demand for Immediate Payment is 1% as of the date of the notice for any jeopardy assessment.

  • Under article 157 of the Turkish Commercial Code, if the creditors of the merging companies claim within 3 (three) months as of the date when the merger takes effect legally, the company taking over shall secure the receivables of such people.

  • If the claimant elects to require three arbitrators, the election must be set forth in the Notice and Demand for Arbitration.

  • When both of the above penalties apply for the same month, the Failure to File penalty is reduced by the amount of the Failure to Pay penalty for that month, unless the minimum Failure to File penalty applies.Failure to Pay Tax Upon Notice and Demand for Payment IRC § 6651(a)(3)The penalty is 1/2% of the tax in the notice and demand for payment that remains unpaid 21 calendar days (10 business days, if the total due in the notice was$100,000 or more) after the date of the notice.


More Definitions of Notice and Demand

Notice and Demand has the meaning set forth in Section 2.7(d).
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Related to Notice and Demand

  • Peak Demand means the maximum Metered Demand in the last 12 months;

  • Billing Demand means the metered demand or connected load after necessary adjustments have been made for power factor, intermittent rating, transformer losses and minimum billing. A measurement in kiloWatts (kW) of the maximum rate at which electricity is consumed during a billing period;

  • Second Notice means notice to the Class in a form to be approved by the Court, which shall substantially be in accordance with the notice at Schedule “E”.

  • Registration Notice has the meaning specified in Section 2.1(a).

  • Acceptance Notice has the meaning set forth in Section 9.2(d)(iii).

  • on demand means a system where a user, subscriber or viewer is enabled to access, at a time chosen by such user, any content in electronic form, which is transmitted over a computer resource and is selected by the user;

  • Arbitration Notice has the meaning set forth in Section 9.13.

  • Xxxxx Notice means the Notice of Grant of Stock Option accompanying the Agreement, pursuant to which Optionee has been informed of the basic terms of the option evidenced hereby.

  • CAFA Notice refers to the notice requirements imposed by 28 U.S.C. § 1715(b).

  • Offering Notice has the meaning set forth in Section 4.3(b).

  • Contract Demand means:-

  • Payment Notice has the meaning assigned to it in Section 8.06(c).

  • Demand has the meaning set forth in Section 2.1(a).

  • Escalation Notice has the meaning set forth in Section 8.02.

  • Delivery Notice Has the meaning specified in the NPA.

  • decision notice means a written notice of a decision by the Department regarding an individual's eligibility for benefits in a program.

  • Completion Notice means a notice issued by the Developer in accordance with clause 6.1.

  • Notice of Dispute has the meaning provided in Section 2.1(f)(iii) of this Commercial Shared-Loss Agreement.

  • Auction Notice has the meaning assigned to such term in the definition of “Dutch Auction”.

  • Reminder Notice means a notice in writing issued in accordance with clause 7.1(1)(a).

  • Notice of Revocation means, in connection with the revocation by a Beneficial Owner or its Agent Member of its Notice of Tender, a notice, substantially in the form attached to the Tender and Paying Agent Agreement, delivered by a Beneficial Owner or its Agent Member to the Tender and Paying Agent indicating an intention to revoke the tender of some or all of the VRDP Shares for sale on a Purchase Date pursuant to Section 1 of Part II of this Statement.

  • LC Application an application by Borrower Agent to Issuing Bank for issuance of a Letter of Credit, in form and substance satisfactory to Issuing Bank.

  • Demand Notice has the meaning set forth in Section 2(a)(i).

  • Notice of Acceptance means the written notification and any accompanying documentation sent to the Consultant by the Principal advising acceptance of its Tender to provide the Services under the Contract.

  • Notice of Drawdown means a notice substantially in the form set out in Schedule 4 (Notice of Drawdown).

  • Publication Notice means the summary notice of proposed Settlement and hearing for publication substantially in the form attached as Exhibit 3 to Exhibit A.