Common use of IRS Reporting Clause in Contracts

IRS Reporting. Escrow Agent agrees to be the designated "reporting person" under §6045(e) of the U.S. Internal Revenue Code of 1986 as amended (the "Code") with respect to the real estate transaction described in this Agreement and to prepare, file and deliver such information, returns and statements as the U.S. Treasury Department may require by regulations or forms in connection with such requirements, including Form 1099-B.

Appears in 1 contract

Samples: Final Draft Purchase and Sale Agreement

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IRS Reporting. Escrow Agent agrees to be the designated "reporting person" under §Section 6045(e) of the U.S. Internal Revenue Code of 1986 as amended (the "Code") with respect to the real estate transaction described in this Agreement and to prepare, file and deliver such information, returns and statements as the U.S. Treasury Department may require by regulations or forms in connection with such requirements, including Form 1099-B.

Appears in 1 contract

Samples: Purchase and Sale Agreement

IRS Reporting. Escrow Agent agrees to be the designated "reporting person" under §Section 6045(e) of the U.S. Internal Revenue Code of 1986 as amended (the "CodeCODE") with respect to the real estate transaction described in this Agreement and to prepare, file and deliver such information, returns and statements as the U.S. Treasury Department may require by regulations or forms in connection with such requirements, including Form 1099-B.

Appears in 1 contract

Samples: Purchase Agreement (Lexington Precision Corp)

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IRS Reporting. Escrow Agent agrees to be the designated "reporting person" under §6045(e) of the U.S. Internal Revenue Code of 1986 as amended (the "Code") with respect to the real estate transaction described in this Agreement and to prepare, file and deliver such information, returns and statements as the U.S. Treasury Department may require by regulations or forms in connection with such requirements, including Form 1099-B.

Appears in 1 contract

Samples: Purchase Agreement (Apollo Group Inc)

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