Examples of Taxable Period in a sentence
Taxable Period: The taxable period for corporations is either the calendar year or the corporation's fiscal year.
The Manager shall advise each Member of its share of Taxable Period Income and any tax credits attributable to each Member and such advice shall include reference to the categories or sources of that Taxable Period Income and the share of those categories or sources to which each Member is entitled.
In any audit, conference or other proceeding with the IRS, or in any judicial proceedings concerning the determination of the federal income tax liabilities of the Group or any of its Members with respect to any Taxable Period during which each Subsidiary is, or was, a Member of the Group, the Group and each of its Members shall be represented by persons selected by Parent.
Any Taxes related to the Transferred Assets that are based upon or related to net income or receipts, shall be apportioned between the Seller and the Purchaser as of the Closing Date, assuming that the relevant Taxable Period ended on the Closing Date.
Such payment shall be made together with interest for the period from the due date for tax returns for the Taxable Period for which tax liability was recomputed to the date of payment at the rate provided for underpayments in Section 6621 of the Code in the case of payments from any Subsidiary to Parent and at the rate provided for overpayments in Section 6621 of the Code in the case of payments to any Subsidiary by Parent.