Tax Year Clause Samples

The Tax Year clause defines the specific 12-month period used for tax reporting and compliance purposes within the agreement. Typically, this period aligns with either the calendar year or a fiscal year designated by the parties, and it determines when income, expenses, and other tax-related items are recognized. By clearly establishing the relevant tax year, this clause ensures consistency in financial reporting and helps prevent disputes over the timing of tax obligations or benefits.
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Tax Year. The Partnership’s tax year will end on , 20 .
Tax Year. Unless otherwise specified on the Subscriber’s signature page to this Agreement, the Subscriber’s tax year ends on December 31 of each year.
Tax Year. The taxable year of the Company shall be the same as its Fiscal Year.
Tax Year. The Partnership’s tax year will end on [DATE].
Tax Year. The tax year of the Partnership will be the calendar year.
Tax Year. The period for which an Individual must report income on his or her Federal income tax return. The tax return of most Individuals is based on the calendar year.
Tax Year. The fiscal and taxable year of the Company shall be the calendar year, unless otherwise required by the Code.
Tax Year. Change its fiscal or Tax year.
Tax Year. The Tax Year of the Company will be a 12-month year ending December 31 unless the Company is required by Section 706 of the Code to use a different Tax Year.
Tax Year. The taxable year of the Company shall be the Fiscal Year unless another year end is selected by the Board of Managers, or is required under the Code or the Regulations.