Fwd: Montreal - Tax return for period 5/1/20-1/24/21

From
Tim Thomas <tthomas@homecareassistance.com>
To
Michael Gaon <mgaon@kklex.com>
CC
Tim Thomas <tt@homecareassistance.com>
Date
2021-01-24 15:46:47
Folder
INBOX
--Apple-Mail=_BDD19EA2-95E4-405F-BBC1-08561BCF7360 Content-Transfer-Encoding: quoted-printable Content-Type: text/plain; charset=utf-8 Michael, Forwarding you several emails from the buyer. The one below speaks to = your question regarding the unpaid taxes. Tim Thomas Home Care Assistance (Montreal) Inc. 4464 Ste. Catherine Ouest Westmount, Quebec H3Z 1R7 Tel: 514 907 5065 =20 tthomas@homecareassistance.c om www.homecareassistancemontreal.ca = =20 Blog: Home Care Assistance Montreal = Facebook: HCA Montreal Facebook=C2=A0 = = =20 Twitter: HCA Montreal Twitter > Begin forwarded message: >=20 > From: Lucas Motro > Subject: Montreal - Tax return for period 5/1/20-1/24/21 > Date: January 24, 2021 at 3:05:14 PM GMT-5 > To: Tim Thomas , Timothy Thomas = > Cc: Mike Schantz , "Cross, Rose" = , Yarona Marks , Alex = Ferguson >=20 > Tim, Timothy, >=20 > Per your request -=20 >=20 > See below for the process for the taxable period 5/1/20-1/24/21. This = is consistent with what we heard but I needed Rose Cross (Tax Partner, = BDO) to explain it to outline it more coherently. > Company has to actually pay the bill, so the Company is liable > This is included in the definition of Indebtedness > Sellers will prepare the filing, new Company owners will do a quick = review prior to filing > For timing, we need to and should easily be able to do this within the = first 90 days after close, to be included in the real Closing Balance = Sheet and corresponding adjustment > =46rom a strictly tax perspective, however, we have up to 6 months = after close > Payment will be made by the Company out of the Company bank account > Any difference between the paid and the $326,750 estimate will of = course result in an adjustment between Sellers and the Company > Rose will likely be the advisor coordinating from a tax perspective on = our side.=20 >=20 > Thanks, > Lucas >=20 > --=20 > Lucas Motro > Director of Corporate Development > Home Care Assistance > www.homecareassistance.com > --- > Read Our Testimonials > Join Our Newsletter = > We Are Hiring! > = <> >=20 > Champions of Aging Well --Apple-Mail=_BDD19EA2-95E4-405F-BBC1-08561BCF7360 Content-Type: multipart/related; type="text/html"; boundary="Apple-Mail=_9CAA73A5-A0F4-4BF7-A589-1238F0B3638E" --Apple-Mail=_9CAA73A5-A0F4-4BF7-A589-1238F0B3638E Content-Transfer-Encoding: quoted-printable Content-Type: text/html; charset=us-ascii Michael, Forwarding you several emails from the buyer. &nbsp;The one = below speaks to your question regarding the unpaid taxes. <div class=3D"" = style=3D"font-family: 'Times New Roman', serif; font-size: 12pt; color: = rgb(34, 34, 34); font-variant-ligatures: normal; font-variant-position: = normal; font-variant-numeric: normal; font-variant-alternates: normal; = font-variant-east-asian: normal; widows: 1; line-height: normal; margin: = 0cm 0cm 0.0001pt; background-color: rgb(255, 255, 255);

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