Taxpayer Identification Number and Backup Withholding Sample Clauses

Taxpayer Identification Number and Backup Withholding. The Internal Revenue Service (IRS) requires most recipients of dividends and other payments to give taxpayer identification numbers to credit unions and other payers who must report the payments to the IRS. The IRS uses the numbers for identification purposes. Credit unions and other payers must be given the numbers regardless of whether recipients are required to file tax returns. Credit unions and other payers must generally withhold a percentage of taxable dividends and certain other payments to a payee who does not furnish a taxpayer identification number. Certain penalties may also apply. In the event that (i) you have been notified by the IRS that you are subject to backup withholding due to payee underreporting and you have not received a notice from the IRS that the backup withholding has been terminated or (ii) you provide us with an incorrect taxpayer identification number, the Credit Union is required to withhold payment, in part, of dividends owing to you in amounts determined by the IRS and to pay the dividends withheld to the IRS.
AutoNDA by SimpleDocs
Taxpayer Identification Number and Backup Withholding. Your failure to furnish a correct Taxpayer Identification Number (TIN) or meet other requirements may result in backup withholding. If your account is subject to backup withholding, we must withhold and pay to the Internal Revenue Service (IRS) a percentage of dividends, interest, and certain other payments. If you fail to provide your TIN, we may suspend opening your account.
Taxpayer Identification Number and Backup Withholding. You agree that we may withhold taxes from any dividends or interest earned on your account as required by federal, state or local law or regulations. Your failure to furnish a correct Taxpayer Identification Number (TIN) or meet other requirements may result in backup withholding. If your account is subject to backup withholding, we must withhold and pay to the Internal Revenue Service a percentage of dividends, interest, and certain other payments. If you fail to provide your TIN within a reasonable time, we will close your account and return the balance to you, less any applicable service fees.
Taxpayer Identification Number and Backup Withholding. The Internal Revenue Service (IRS) requires most recipients of dividend, interest, or other payments to give taxpayer identification numbers to credit unions and other payers who must report the payments to the IRS. The IRS uses the numbers for identification purposes. Credit unions and other payers must be given the numbers regardless of whether recipients are required to file tax returns. Credit unions and other payers must generally withhold a percentage of taxable interest, dividend, and certain other payments to a payee who does not furnish a taxpayer identification number. Certain penalties may also apply. In the event that (a) you have been notified by the IRS that you are subject to backup withholding due to payee under reporting and you have not received a notice from the IRS that the backup withholding has been terminated or (b) you fail to certify your taxpayer identification number or provide an incorrect taxpayer identification number to us, the Credit Union is required to withhold payment, in part, of dividends or interest owing to you in amounts determined by the IRS and to pay interest or dividends withheld to the IRS.
Taxpayer Identification Number and Backup Withholding. The Internal Revenue Service (IRS) requires most recipients of dividend, interest, or other payments to give taxpayer identification numbers to credit unions and other payers who must report the payments to the IRS. The IRS uses the numbers for identification purposes. Credit unions and other payers must be given the numbers whether or not recipients are required to file tax returns. Under IRS rules, credit unions and other payers must generally withhold a percentage of taxable interest, dividends, and certain other payments to a payee who does not furnish a taxpayer identification number. Certain penalties may also apply. In the event that (i) you have been notified by the IRS that you are subject to backup withholding due to payee under reporting and you have not received a notice from the IRS that the backup withholding has been terminated or (ii) you provide us with an incorrect taxpayer identification number, the Credit Union is required to withhold payment, in part, of dividends owing to you in amounts determined by the IRS and to pay dividends withheld to the IRS.
Taxpayer Identification Number and Backup Withholding. The Internal Revenue Service (IRS) requires most recipients of dividends and other payments to give taxpayer identification numbers to credit unions and other payers who must report the payments to the IRS.The IRS uses the numbers for identification purposes. Credit unions and other payers must be given the numbers regardless of whether recipients are required to file tax returns. Credit unions and other payers must generally withhold a percentage of taxable dividends and certain other payments to a payee who does not furnish a taxpayer identification number. Certain penalties may also apply. In the event that (i) you have been notified by the IRS that you are subject to backup withholding due to payee underreporting and you have not received a notice from the IRS that the backup withholding has been terminated or (ii) you provide us funds available to you and you have withdrawn the xxxxx.Xxx are responsible for all items returned on your Account, and you acknowledge that no one, including our employees, can guarantee that a check or other item you deposit will not be returned.We are not responsible for any deposit or other transaction initiated by mail until the item is actually received by us.We will not be responsible for any deposit or other transaction made through the use of our night depository or any other unattended facility until the item or items are actually removed from the depository or facility by our personnel.We will not be responsible for any deposit or other transaction during the course of delivery to us by any courier or other third party until the item or items are actually received by our personnel.We have the right to endorse all checks payable to you for deposit into your Account.We will not be liable for the negligence of any correspondent bank or institution nor for any loss incurred in transit when items are forwarded to correspondents. We will not be liable for any delay as a result of any interruption of communication facilities or any other circumstances beyond our control.We reserve the right to send any item on a collection basis only. Items drawn on institutions located outside of the United States are handled on a collection basis xxxx.Xxx agree to bear the risk of any change in the exchange rate with respect to any items that may be payable in foreign xxxxxxxx.Xxx agree that we may charge back any item before payment without notice, regardless of whether the item has been xxxxxxxx.Xxx agree that, if a check that has been...
Taxpayer Identification Number and Backup Withholding. The Internal Revenue Service (IRS) requires recipients of dividend, interest, or other payments to give taxpayer identification numbers to credit unions and other payers who must report these payments to the IRS. The IRS uses the numbers for identification purposes. Credit unions and other payers must have on file the taxpayer identification numbers whether or not recipients are required to file tax returns. Credit unions and other payers must generally withhold a percentage of taxable interest, dividends, and certain other payments to a payee who does not furnish a taxpayer identification number and for members who are subject to backup withholding. Certain penalties may also apply. We will withhold funds from your account and report the amount and send the funds to the IRS in the event:
AutoNDA by SimpleDocs
Taxpayer Identification Number and Backup Withholding. The Purchaser verifies under penalties of perjury, that the Social Security Number/Taxpayer Identification Number shown for the Purchaser on the Purchaser signature page to this Agreement is true, correct, and complete and that the Purchaser is not subject to backup withholding because either (a) the Purchaser is exempt from backup withholding, (b) the Purchaser has not been notified that it is subject to backup withholding as a result of a failure to report all interest or dividends, or (c) because the Internal Revenue Service has notified the Purchaser that it is no longer subject to backup withholding. * * * If this Agreement is satisfactory, please so indicate by signing and delivering the Purchaser signature page attached hereto. EXECUTION OF THE PURCHASER SIGNATURE PAGE CONSTITUTES THE EXECUTION BY THE PURCHASER OF THE SUBSCRIPTION AGREEMENT. SUBSCRIPTION AGREEMENT PURCHASER SIGNATURE PAGE SUBSCRIBER: Starwood Hotels & Resorts Worldwide, Inc. By Vxxxxx Xxxxxx, EVP and Chief Financial Officer Address: Starwood Hotels & Resorts Worldwide, Inc. 1000 Xxxxxxxxxxx Xxxxxx Xxxxx Xxxxxx, XX 00000 Attn: Vxxxxx Xxxxxx, EVP and Chief Financial Officer Telephone: Taxpayer I.D. Number: 50-0000000 Number of Preferred B Units Subscribed For: 6,085 $5,476,500 Total Purchase Price (based on $900 per Unit) ACCEPTANCE
Taxpayer Identification Number and Backup Withholding. The In- ternal Revenue Service (IRS) requires most recipients of dividend, inter- est, or other payments to give taxpayer identification numbers to credit unions and other payers who must report the payments to the IRS. The IRS uses the numbers for identification purposes. Credit unions and other payers must be given the numbers whether or not recipients are required to file tax returns. Under IRS rules, credit unions and other pay- ers must generally withhold a percentage of taxable interest, dividends, and certain other payments to a payee who does not furnish a taxpayer identification number. Certain penalties may also apply. In the event that (i) you have been notified by the IRS that you are subject to backup withholding due to payee under reporting and you have not received a notice from the IRS that the backup withholding has been terminated or (ii) you provide us with an incorrect taxpayer identification number, the Credit Union is required to withhold payment, in part, of dividends owing to you in amounts determined by the IRS and to pay dividends withheld to the IRS. Dividends may be suspended until we receive a correct taxpayer identification number.

Related to Taxpayer Identification Number and Backup Withholding

  • Taxpayer ID Number The Contractor shall include its taxpayer ID number on all invoices submitted to the County for payment to ensure compliance with IRS requirements and to expedite payment processing.

Time is Money Join Law Insider Premium to draft better contracts faster.