Failure to Report Certain Dividend and Interest Payments. If you fail to include any portion of an includible payment for interest, dividends, or patronage dividends in gross income, such failure will be treated as being due to negligence and will be subject to a penalty of 5% on any portion of an underpayment attributable to that failure unless there is clear and convincing evidence to the contrary.
Appears in 4 contracts
Samples: Deposit Account Agreement, Deposit Agreement, Deposit Account Agreement
Failure to Report Certain Dividend and Interest Payments. If you fail to include any portion of an includible payment for interest, dividends, dividends or patronage dividends in gross income, such failure will be treated as being due to negligence and will be subject to a penalty of 520% on any portion of an underpayment under-payment attributable to that failure unless there is clear and convincing evidence to the contrary.
Appears in 2 contracts
Samples: Escrow Agreement (Blackhawk Network Holdings, Inc), Agreement and Plan of Merger (OMNICELL, Inc)
Failure to Report Certain Dividend and Interest Payments. If you fail to include any portion of an includible payment for interest, dividends, or patronage dividends in gross income, such failure will be treated as being due to negligence and will be subject to a penalty of 5% on any portion of an underpayment under-payment attributable to that failure unless there is clear and convincing evidence to the contrary.
Appears in 2 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (Forgent Networks Inc)
