Tax Returns and Payments definition

Tax Returns and Payments. The Corporation has filed all federal state, local or foreign tax returns or reports required to be filed by it, and each such return or report is true, complete and correct in all material respects, and is not in default with respect to the payment of any taxes, assessments, fees or other governmental charges (U.S., foreign, state, local or other) upon it or upon any of its properties, assets, income or franchises which are due and payable and has paid all taxes shown on its returns, have become due or are otherwise due to demand, deficiency letter or similar assessment. The Internal Revenue Service, or any taxing authority, has not audited any tax returns of the Corporation for any year, and no deficiencies or other adjustment with regard to any tax return is claimed asserted or proposed. Nor is the Corporation in receipt of any notice of an intention to audit not is there any ongoing audit by the IRS or other taxing authority in progress and no waiver of assessment is outstanding. There is not in force any extension of time with respect to the due date for the filing of any tax return of or with respect to the Corporation, or any waiver of agreement for any extension of time for the assessment or payment of any tax of or with respect to the Corporation. The total amounts set up as liabilities for current and deferred taxes on the balance sheet or the Corporation are sufficient to cover the payment of any and all taxes, whether or not assessed or disputed, which are, or are hereafter found to be, or to have been, due by or with respect to the Corporation up and through the periods covered thereby provision having been made therefore. The reserves, on its books and financial statements in respect of taxes for which it is or may be liable for all fiscal periods to date are adequate. In particular, the Corporation’s federal income tax returns for all taxable years including those ended December 31, 2014, December 31, 2015 and December 31, 2016, or such other periods reflective of those approximate periods, have not been audited by the IRS. The Corporation has withheld or collected from each payment made to each of its employees, directors and officers the amount of all taxes required to be withheld or collected there from and has paid the same to the proper tax receiving authority as required.
Sample 1

Examples of Tax Returns and Payments in a sentence

  • Reduced Frequency of Tax Returns and Payments for PAYE/PRSI/USC/LPT, VAT and RCT From 1st January 2013 the arrangements applying to smaller companies for reduced frequency of VAT, PAYE/PRSI/USC/LPT and RCT were extended.

  • Tax Returns and Payments ............................................

  • Tax Returns and Payments .....................................................................

  • Representations and Warranties 37 8.01 Entity Status 37 8.02 Power and Authority 38 8.03 No Violation 38 8.04 Governmental Approvals 38 8.05 Financial Statements; Financial Condition 38 8.06 Litigation 39 8.07 True and Complete Disclosure 39 8.08 [Intentionally omitted] 39 8.09 Tax Returns and Payments 39 8.10 No Material Misstatements 39 8.11 The Security Documents 40 8.12 Capitalization 40 8.13 Subsidiaries 40 8.14 Compliance with Statutes, etc.

  • Defining the heuristic or usability principle for design evaluation is the first step towards a successful design evaluation.

  • Reduced Frequency of Tax Returns and Payments for VAT and RCTFrom 1st January 2013 the arrangements applying to smaller companies for reduced frequency of VAT, PAYE/PRSI/USC/LPT and RCT were extended.

  • Subject to the provisions of Paragraph 6.3, Tenant shall not remove any additions or improvements to the Premises, such as carpet, interior partition walls and doors, “built-ins”, shelves, built-in fixtures or other similar items, it being understood and agreed that such items are and shall remain the property of Landlord.

  • Tax Returns and Payments.....................................................................

  • Representations, Warranties and Agreements 6.01 Status 6.02 Power and Authority 6.03 No Violation 6.04 Litigation 6.05 Use of Proceeds; Margin Regulations 6.06 Governmental Approvals 6.07 Investment Company Act 6.08 Public Utility Holding Company Act 6.09 True and Complete Disclosure 6.10 Financial Condition; Financial Statements 6.11 Tax Returns and Payments 6.12 Employee Benefit Plans 6.13 Subsidiaries 6.14 Patents, etc.

  • Tax Returns and Payments Indebtedness Transfer of Assets and Business Litigation, etc.

Related to Tax Returns and Payments

  • Tax Returns means any and all reports, returns, declarations, claims for refund, elections, disclosures, estimates, information reports or returns or statements required to be supplied to a taxing authority in connection with Taxes, including any schedule or attachment thereto or amendment thereof.

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Tax return preparer means any individual described in Section 7701(a)(36) of the Internal Revenue Code and 26 C.F.R. 301.7701-15 .

  • Tax Payments has the meaning set forth in the definition of Permitted Payments to Parent.

  • Pre-Closing Tax Returns has the meaning set forth in Section 4.02(b).

  • Tax Return means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Tax Authorities means domestic or foreign tax, revenue, fiscal or monetary authorities.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Payroll Taxes means State Unemployment Insurance (SUI), Federal Unemployment Insurance (FUI), and payments pursuant to the Federal Insurance Contributions Act (FICA).

  • Tax Liabilities means all liabilities for Taxes.

  • Asset Taxes means all ad valorem, property, excise, severance, production or similar Taxes (including any interest, fine, penalty or addition to Tax imposed by a taxing authority in connection with such Taxes) based upon operation or ownership of the Assets or the production of Hydrocarbons therefrom but excluding, for the avoidance of doubt, (a) income, capital gains, franchise and similar Taxes and (b) Transfer Taxes.

  • Transfer Taxes has the meaning set forth in Section 6.05.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Tax or Taxes means any federal, state, provincial, local, foreign or other tax (including any income tax, franchise tax, capital gains tax, gross receipts tax, value-added tax, surtax, estimated tax, excise tax, ad valorem tax, transfer tax, stamp tax, sales tax, use tax, property tax, withholding tax or payroll tax), and any related fine, penalty or interest, imposed, assessed or collected by or under the authority of any governmental body, whether disputed or not.

  • Tax Laws means the Code, federal, state, county, local or foreign laws relating to Taxes and any regulations or official administrative pronouncements released thereunder.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Combined Tax Return means a Tax Return filed in respect of U.S. federal, state, local or non-U.S. income Taxes for a Combined Group, or any other affiliated, consolidated, combined, unitary, fiscal unity or other group basis (including as permitted by Section 1501 of the Code) Tax Return of a Combined Group.

  • Tax roll means a permanent record of the taxes charged on property, as extended

  • Seller Taxes has the meaning set forth in Section 11.1(f).

  • Taxing Authorities means Her Majesty the Queen in right of Canada, Her Majesty the Queen in right of any province or territory of Canada, any municipality of Canada, the Canada Revenue Agency, the Canada Border Services Agency, any similar revenue or taxing authority of Canada and each and every province or territory of Canada (including Revenu Québec) and any political subdivision thereof and any Canadian or foreign government, regulatory authority, government department, agency, commission, bureau, minister, court, tribunal or body or regulation making entity exercising taxing authority or power, and “Taxing Authority” means any one of the Taxing Authorities;

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Company Returns is defined in Section 3.15(a) of the Agreement.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • U.S. Taxes means any present or future tax, assessment or other charge or levy imposed by or on behalf of the United States of America or any taxing authority thereof or therein.