Ohio 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 Ohio Closing Agreement is a legally binding document that serves as a resolution between the Ohio Department of Taxation (ODT) and taxpayers who are involved in a tax dispute. This agreement offers taxpayers the opportunity to settle their outstanding tax liabilities, penalties, and interests with the ODT, avoiding the need for litigation or further tax controversy. The Ohio Closing Agreement is specifically designed to bring closure to both parties involved. It provides taxpayers with clarity and certainty regarding their tax obligations, while allowing the ODT to efficiently resolve cases and collect tax revenue. By entering into this agreement, taxpayers can avoid lengthy and costly legal battles and reach a compromise solution with the state. There are different types of Ohio Closing Agreements available to taxpayers, depending on the specific nature of the tax dispute. The most common types include: 1. Income Tax Closing Agreement: This type of agreement is typically used for individual taxpayers or businesses with income tax-related disputes. It allows taxpayers to settle their outstanding income tax liabilities and any related penalties or interest. 2. Sales and Use Tax Closing Agreement: This agreement is relevant to businesses that are facing sales and use tax controversies. It provides a way for these businesses to reach a resolution with the ODT and settle any outstanding liabilities, penalties, or interest related to sales tax. 3. Estate Tax Closing Agreement: Estate tax controversies can be complex and time-consuming. This type of agreement is designed to help taxpayers settle their estate tax disputes and determine their tax liabilities, penalties, and interest owed to the state. 4. Business Tax Closing Agreement: This agreement is relevant to businesses facing various other types of tax disputes, such as commercial activity tax or withholding tax controversies. It allows businesses to resolve these disputes and negotiate a settlement with the ODT, ensuring compliance and the efficient collection of taxes. Overall, the Ohio Closing Agreement offers taxpayers an opportunity to resolve their tax disputes with the ODT amicably. It is an effective way to avoid prolonged legal battles, ensure compliance with tax laws, and find a compromise solution that benefits both parties involved.

The Ohio Closing Agreement is a legally binding document that serves as a resolution between the Ohio Department of Taxation (ODT) and taxpayers who are involved in a tax dispute. This agreement offers taxpayers the opportunity to settle their outstanding tax liabilities, penalties, and interests with the ODT, avoiding the need for litigation or further tax controversy. The Ohio Closing Agreement is specifically designed to bring closure to both parties involved. It provides taxpayers with clarity and certainty regarding their tax obligations, while allowing the ODT to efficiently resolve cases and collect tax revenue. By entering into this agreement, taxpayers can avoid lengthy and costly legal battles and reach a compromise solution with the state. There are different types of Ohio Closing Agreements available to taxpayers, depending on the specific nature of the tax dispute. The most common types include: 1. Income Tax Closing Agreement: This type of agreement is typically used for individual taxpayers or businesses with income tax-related disputes. It allows taxpayers to settle their outstanding income tax liabilities and any related penalties or interest. 2. Sales and Use Tax Closing Agreement: This agreement is relevant to businesses that are facing sales and use tax controversies. It provides a way for these businesses to reach a resolution with the ODT and settle any outstanding liabilities, penalties, or interest related to sales tax. 3. Estate Tax Closing Agreement: Estate tax controversies can be complex and time-consuming. This type of agreement is designed to help taxpayers settle their estate tax disputes and determine their tax liabilities, penalties, and interest owed to the state. 4. Business Tax Closing Agreement: This agreement is relevant to businesses facing various other types of tax disputes, such as commercial activity tax or withholding tax controversies. It allows businesses to resolve these disputes and negotiate a settlement with the ODT, ensuring compliance and the efficient collection of taxes. Overall, the Ohio Closing Agreement offers taxpayers an opportunity to resolve their tax disputes with the ODT amicably. It is an effective way to avoid prolonged legal battles, ensure compliance with tax laws, and find a compromise solution that benefits both parties involved.