Required IRS Certification Sample Clauses
The Required IRS Certification clause mandates that a party must provide specific documentation or certification as required by the Internal Revenue Service (IRS) to confirm their tax status or compliance. In practice, this often involves submitting forms such as the W-9 for U.S. entities or the W-8BEN for foreign entities to verify taxpayer identification numbers or claim treaty benefits. The core function of this clause is to ensure that the correct tax information is collected and reported, thereby reducing the risk of improper withholding or penalties for non-compliance with tax regulations.
Required IRS Certification. (Please read Section 7.1 if you are a U.S. domestic Subscriber and Section 7.2 if you are a foreign Subscriber and indicate whether either representation is applicable to you by checking the box next such statement.)