Common use of REPORTING AGENT Clause in Contracts

REPORTING AGENT. The reporting agent for the sale of the Property, as required by the rules and regulations of the Internal Revenue Service, shall be the above-named Escrow Agent. The reporting agent shall file all applicable information returns, 1099s, and any other reporting information required by the Internal Revenue Service.

REPORTING AGENT. The reporting agent for the sale of the Propertysubject real estate, as required by the rules and regulations of the Internal Revenue Service, shall be the above-named Escrow Agent. The reporting agent shall file all applicable information returns, 1099s, and any other reporting information required by the Internal Revenue Service.