Reviewed Year definition

Reviewed Year has the meaning ascribed to said phrase under Section 6225(d)(1) of the Code.

Reviewed Year means the Partnership’s taxable year to which the item being adjusted relates.

Reviewed Year has the meaning set forth in Section 5.5(g)(ii).

Examples of Reviewed Year in a sentence

• In such event, each Reviewed Year Member hereby agrees to take any adjustment to income, gain, loss, deduction, or credit (as determined in the notice of final partnership adjustment) into account to the full extent provided for in Section 6226(b) of the Code (as amended by the BBA) or the applicable corresponding provisions of state, local or foreign law.

• Notwithstanding the foregoing, to the extent permitted by law, any Reviewed Year Partner that is a partnership or S corporation may, at its option and in accordance with any applicable Treasury Regulations or other guidance prescribed by the IRS, elect (in lieu of paying its allocable share of such Partnership Adjustments) to push out the liability for Taxes attributable to such Partnership Adjustments to its Partners (including Indirect Partners).

• Except as hereinafter provided, if a Push-Out Election is made, each Reviewed Year Partner shall take into account its allocable share of the Partnership Adjustments that relate to the specified Imputed Underpayment and shall be liable for any Taxes as described in Section 6226 of the Code and any applicable Treasury Regulations or other guidance prescribed by the IRS.

• If a Push- Out Election is made, the Partnership Representative shall furnish to each Reviewed Year Partner and the IRS, for each Reviewed Year within sixty (60) days after the date all of the Partnership Adjustments to which the statement relates are finally determined, a statement that includes all items and information required under any applicable Regulations, forms, instructions, and other guidance prescribed by the IRS.

• If a Push-Out Election is made, the Partnership Representative shall furnish to each Reviewed Year Partner and the IRS, for each Reviewed Year within sixty (60) days after the date all of the Partnership Adjustments to which the statement relates are finally determined, a statement that includes all items and information required under any applicable Regulations, forms, instructions, and other guidance prescribed by the IRS.

More Definitions of Reviewed Year

Reviewed Year means the taxable year of a Partnership that is subject to a Partner-

Reviewed Year means the taxable year of a Partnership that is subject to a Partnership Level Audit from which Federal Adjustments arise.

Reviewed Year means the taxable year of a partnership that is

Reviewed Year has the meaning ascribed to said phrase under BBA Section 6225(d)(1).

Reviewed Year means the taxable year of a partnership that is subject to a partnership-level audit

Reviewed Year shall have the meaning set forth in Code Section 6225(d)(1).

Reviewed Year means a Company taxable year to which an item being adjusted by the IRS relates, as defined in Section 6225(d)(1) of the Code or comparable provisions of state, local or non-U.S. law.