Tax Accrual definition

Tax Accrual means an amount equal to the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by CenterPoint as a result of any payments pursuant to the Special Bonus Plan and (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit). A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i). -----------------

Tax Accrual means an amount equal to the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by Centerprise as a result of any payments pursuant to the Special Bonus Plan and (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit). A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i).

Tax Accrual means the aggregate amount of the accruals, reserves and provisions for Taxes reflected in the computation of the Closing Net Working Capital that has become final and binding pursuant to Section 3.3(b).

Examples of Tax Accrual in a sentence

• Jones, First Circuit in Textron Gives IRS Access to Tax Accrual Workpapers, 111 J.

• TAX STATEMENT FOR 2014$13 2013 11 201410,9461214PLUS APPEAL COST FROM LINE 5$14 2015 Real Estate Tax Accrual = $10,946 * 1.03 = $11,27415LESS REFUND FROM LINE 6$15 16 AMOUNT TO USE FOR RATE CALCULATION $ 16 NOTES: 1.

• Tax Accrual Model—Supports clients’ use of Best Practice Tax Model.

• TAX STATEMENT FOR 2011$13 2010200,97811 2011169,6051214PLUS APPEAL COST FROM LINE 5$14 2012 Real Estate Tax Accrual = 2011 Tax Bill of $169,605 * 1.055 = $179,01515LESS REFUND FROM LINE 6$15 16 AMOUNT TO USE FOR RATE CALCULATION $ 16 NOTES: 1.

• TAX STATEMENT FOR 2014$13 2013189,44611 2014193,2631214PLUS APPEAL COST FROM LINE 5$14 2015 Real Estate Tax Accrual = $193,263 * 1.05 = $202,92615LESS REFUND FROM LINE 6$15Extended Care Consulting, LLC (Allocations) = $4,350 16 AMOUNT TO USE FOR RATE CALCULATION $ 16 NOTES: 1.

More Definitions of Tax Accrual

Tax Accrual means and include the aggregate amount of accruals, reserves and provisions for Taxes on the Closing Balance Sheet and the worksheets thereto, it being understood that the Tax Accrual shall not include amounts on the Closing Balance Sheet for "Deferred Income Taxes."

Tax Accrual means an amount equal to (A) the product of (i) Net Working Capital (calculated before deduction of the Tax Accrual) less an amount equal to any tax deductions realized by CenterPoint as a result of any payments pursuant to the Special Bonus Plan times (ii) the sum of 34% plus the effective state tax rate on the Company (net of any federal tax benefit) less (B) an amount equal to discounted value (calculated by using a discount rate of 5.17%), as of the Closing Date, of the tax benefit that the Company is expected to realize with respect to capitalized goodwill reflected in the Company's books as of the Closing Date. A negative Tax Accrual shall be treated as a current asset for purposes of Section 2.5(b)(i).

Tax Accrual has the meaning set forth in Section 4.18.

Tax Accrual has the meaning specified in Section 4.10(b).

Tax Accrual means the Tax accrual or any portion thereof in the amount of approximately US$2,200,000 relating to periods prior to 1995 which was reflected in the December 31, 1995 Financial Statements.

Tax Accrual means (i) the aggregate amount of the current liability accruals for unpaid Taxes (excluding any reserves for deferred Taxes), if any, reflected on the face of the Latest Balance Sheet (rather than in any notes thereto), as such current liability accruals for unpaid Taxes are adjusted for the passage of time through the Closing Date in accordance with past custom and practice of the Companies in filing their Tax Returns, plus (ii) $75,000.

Tax Accrual means the amount of any current liability accruals for Taxes reflected on the Audited Financial Statements (excluding reserves for deferred Taxes) solely with respect to the Company and Subsidiary, as adjusted for operations and transactions through the Closing Date in the ordinary course of business of the Company and Subsidiary consistent with past custom and practice.