District of Columbia Closing Agreement

• Category: Corporations - Public
• State: Multi-State
• Control #: US-EG-9432
• Format: Word; Rich Text

Description

Closing Agreement between NetRatings, Inc. and Nielsen Media Research, Inc. setting forth the closing procedures for additional investments dated December 21, 1999. 2 pages. The District of Columbia Closing Agreement, also known as the DC Closing Agreement, is a legally binding document entered into between the taxpayer and the District of Columbia Office of Tax and Revenue (OR). It serves as a settlement agreement to resolve tax disputes, typically related to income, sales, or property taxes, between the taxpayer and the OR. The DC Closing Agreement offers taxpayers the opportunity to settle their tax liabilities, penalties, and interest in agreeing to specific terms outlined in the agreement. These terms may include payment plans, partial payments, or other arrangements to meet the taxpayer's financial capabilities. There are several types of District of Columbia Closing Agreements designed to address different tax scenarios: 1. Income Tax Closing Agreement: This agreement is used to resolve disputes related to income taxes, including individual income tax, corporate income tax, or franchise tax. It outlines the terms for the taxpayer to pay any outstanding taxes and penalties. 2. Sales Tax Closing Agreement: This type of agreement applies to tax disputes related to sales and use taxes. It specifies the terms for the taxpayer to settle the outstanding tax liability, penalties, and interest associated with sales tax obligations. 3. Property Tax Closing Agreement: Property tax disputes, such as valuation disagreements or classification issues, can be resolved through a Property Tax Closing Agreement. This agreement establishes the terms for the taxpayer to address the outstanding property tax liabilities and penalties. Each District of Columbia Closing Agreement is unique and tailored to address the specific circumstances of the taxpayer's tax dispute. It provides a formal resolution to the tax issue and eliminates any ongoing legal uncertainties or risks. Keywords: District of Columbia, Closing Agreement, settlement agreement, tax disputes, taxpayer, tax liabilities, Office of Tax and Revenue, income tax, sales tax, property tax, penalties, interest, payment plans, income taxes, franchise tax, sales and use taxes, outstanding tax liability, valuation disagreements, classification issues, formal resolution, legal uncertainties, risks.

The District of Columbia Closing Agreement, also known as the DC Closing Agreement, is a legally binding document entered into between the taxpayer and the District of Columbia Office of Tax and Revenue (OR). It serves as a settlement agreement to resolve tax disputes, typically related to income, sales, or property taxes, between the taxpayer and the OR. The DC Closing Agreement offers taxpayers the opportunity to settle their tax liabilities, penalties, and interest in agreeing to specific terms outlined in the agreement. These terms may include payment plans, partial payments, or other arrangements to meet the taxpayer's financial capabilities. There are several types of District of Columbia Closing Agreements designed to address different tax scenarios: 1. Income Tax Closing Agreement: This agreement is used to resolve disputes related to income taxes, including individual income tax, corporate income tax, or franchise tax. It outlines the terms for the taxpayer to pay any outstanding taxes and penalties. 2. Sales Tax Closing Agreement: This type of agreement applies to tax disputes related to sales and use taxes. It specifies the terms for the taxpayer to settle the outstanding tax liability, penalties, and interest associated with sales tax obligations. 3. Property Tax Closing Agreement: Property tax disputes, such as valuation disagreements or classification issues, can be resolved through a Property Tax Closing Agreement. This agreement establishes the terms for the taxpayer to address the outstanding property tax liabilities and penalties. Each District of Columbia Closing Agreement is unique and tailored to address the specific circumstances of the taxpayer's tax dispute. It provides a formal resolution to the tax issue and eliminates any ongoing legal uncertainties or risks. Keywords: District of Columbia, Closing Agreement, settlement agreement, tax disputes, taxpayer, tax liabilities, Office of Tax and Revenue, income tax, sales tax, property tax, penalties, interest, payment plans, income taxes, franchise tax, sales and use taxes, outstanding tax liability, valuation disagreements, classification issues, formal resolution, legal uncertainties, risks.