Define: Tax Assessment

How is Tax Assessment defined in a legal contract?

• Tax Assessment means a formal notice given by any tax authority which makes an entity liable or potentially liable to make a tax payment. This also covers instances where entities themselves estimate the amount of tax they are liable to pay over time. Seen in 9 SEC filings
• Tax Assessment means a notice about tax liability issued by any tax authority. It becomes applicable when an entity or any other party is liable to make a tax payment now or over time. It also refers to a self-assessment made by an entity regarding the amount of tax they are liable to pay. Seen in 6 SEC filings
• Tax Assessment means an analysis of net payable tax conducted by a taxpayer. Seen in 5 SEC filings
• Tax Assessment means any foreign or domestic tax-related issue, whether associated with a proposed amount due or the application of penalties and interest. Seen in 4 SEC filings
• Tax Assessment means an evaluation of tax that includes consideration of fees and interest under a specified [clause]. Seen in 3 SEC filings
• Tax Assessment means any notice, demand, or written document issued by a taxation authority indicating that an entity is currently, or might become, subject to a tax liability. Seen in 3 SEC filings

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of tax assessment' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

• Tax Assessment means a formal notice or self-evaluation estimating tax an entity is liable to pay, issued by a tax authority or the entity itself.

Relevant Contract Types

• Commercial Lease Agreement
• Business Purchase Agreement
• Freelancer Agreement
• Partnership Agreement

Relevant Circumstances

• Acquiring or leasing commercial property
• Buying or selling a business
• Hiring freelancers or consultants for projects
• Forming partnerships or joint ventures

Relevant Sectors

• Real Estate
• Consulting
• Professional Services

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Genie Definition 2

• Tax Assessment means an evaluation of net payable tax, penalties, and interest conducted by a taxpayer or taxation authority.

Relevant Contract Types

• Service Agreement
• Licensing Agreement
• Employment Contract

Relevant Circumstances

• Engaging service providers or vendors
• Licensing intellectual property or technology
• Hiring employees

Relevant Sectors

• Information Technology
• Manufacturing
• Retail

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