IRS Audit definition

IRS Audit means the audit being conducted by the Internal Revenue Service as of the Closing Date in respect of tax returns submitted by Sponsor and/or affiliated Persons.
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IRS Audit has the meaning set forth in Section 9(a) below.
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IRS Audit means the pending audit by the IRS of the Company with respect to fiscal years 2011 through 2013, including any appeals thereof.
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Examples of IRS Audit in a sentence

  • An IRS Audit Could Result in Adjustments to the Company’s Allocations of Income, Gain, Loss and Deduction Causing Additional Tax Liability to Our Members.

  • Effective Tax Rate Reconciliation The change in liability for uncertain tax positions is driven by the closure of the 2009 - 2012 IRS Audit, see "Audits" below for further discussion.

  • Schedule X Tax Matters Taxes (Examinations): U.S.: • The IRS Audit of the Company’s Federal Income Tax Returns for the years 1995- 2001 commenced on December 3,2002.

  • SCHEDULE XVI Schedule XVI Tax Matters Taxes (Examinations): U.S.: • The IRS Audit of the Company’s Federal Income Tax Returns for the years 1995-2001 commenced on December 3, 2002.

  • From the Escrow Commencement Date until the Conclusion of a Tax Audit (as such terms are defined in Section 12 of the Agreement), Fixed Payments under this Note shall be paid in accordance with the terms of the IRS Audit Escrow Agreement.

  • From the Escrow Commencement Date until the Conclusion of a Tax Audit (as such terms are defined in Section 12 of the Agreement), Contingent Payments under this Note shall be paid in accordance with the terms of the IRS Audit Escrow Agreement.

  • Contingent Payment Relating to Resolution of IRS Audit and Postpetition Lawsuits.....................................

  • The reduction in reserves is driven by the closure of the 2009 - 2012 IRS Audit.

  • Effective Tax Rate Reconciliation A significant part of the change in liability for uncertain tax positions for Nine Months 2017 is driven by the closure of the 2009 - 2012 IRS Audit, see "Audits" below for further discussion.

  • IRS Audit On April 6, 2016, the Internal Revenue Service (“IRS”) selected our 2014 Federal Income Tax Return for audit.


More Definitions of IRS Audit

IRS Audit means the IRS's audit of the Debtors' income tax returns for certain prior tax years, which audit was commenced in 1996.
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IRS Audit means, collectively, the audit by the United States Internal Revenue Service of the 2005 tax returns of Parent (formerly known as CIM Intermediate Holdco Ltd.) and Aspect Communications Corporation (and certain other subsidiaries of Parent) (including any hearings, proceedings and appeals in respect thereof) and any settlement arrangement in respect thereof agreed to between Parent (and certain other subsidiaries of Parent) and the United States Internal Revenue Service.
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IRS Audit means the audit by the Internal Revenue Service of the Borrower's 401(k) Plan for the 1993 plan year as further described in Schedule "5" hereto.
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IRS Audit means the Internal Revenue Service audit for BGI’s taxable year ended August 15, 2008 described in Item 4 of Schedule 3.8(a) of the Schedules.
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Related to IRS Audit

  • Company’s Auditors means an independent firm of accountants duly appointed as auditors of the Company;

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Compliance Audit means the procedure (in a form advised by the GLA from time to time) by which an auditor independent of the Grant Recipient certifies (at the Grant Recipient's cost) whether the Named Projects developed or Rehabilitated pursuant to this Agreement satisfy the GLA's procedural compliance requirements (as described in the Affordable Housing Capital Funding Guide);

  • Neutral Auditor means Ernst & Young or, if Ernst & Young is unable to serve, an impartial nationally recognized firm of independent certified public accountants other than Seller’s accountants or Purchaser’s accountants, mutually agreed to by Purchaser and Seller.

  • Independent Auditor has the meaning specified in subsection 7.01(a).

  • Performance audit means an objective and systematic assessment of a state agency or agencies or any of their programs, functions, or activities by the state auditor or designee in order to help improve agency efficiency, effectiveness, and accountability. Performance audits include economy and efficiency audits and program audits.

  • Annual Accountant’s Report is defined in Section 3.04(a) of the Servicing Agreement.

  • Tax Audit means any audit, assessment, or other examination relating to Taxes by any Tax Authority or any judicial or administrative proceedings relating to Taxes.

  • Independent Auditors has the meaning set forth in Section 3.2.

  • Benchmarking Report means the report produced by the Supplier following the Benchmark Review and as further described in this Framework Schedule 7;

  • Buyer’s Accountants means Xxxxx Xxxxxxxx LLP.

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • Initial Audit is Bank’s inspection of Borrower’s Accounts, the Collateral, and Borrower’s Books, with results satisfactory to Bank in its sole and absolute discretion.

  • Independent Accounting Firm means such nationally recognized, independent accounting firm as is mutually appointed by Seller and Buyer for purposes of this Agreement.

  • qualified auditor means a person who is qualified to be appointed as an auditor under section 198;

  • Annual Statement of Compliance As defined in Section 3.13.

  • Independent Accountant means a nationally recognized accountant, or firm of accountants, that is, with respect to the Trust, an independent public accountant or firm of independent public accountants under the Securities Act of 1933, as amended.

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

  • Compliance Statement is that certain statement in the form attached hereto as Exhibit B.

  • Seller’s Accountants means Xxxxx Xxxxxxxx LLP.

  • Compliance Review means an inspection of the home, grounds, and files to determine compliance with these regulations.