--0000000000009d9ec805b9ab968e Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Sorry, I will rephrase my lead-in around being consistent -- Jamie and Rose both confirmed that standard practice would be for seller to prepare the filing, as you are closer/more familiar with your tax position, but Company would actually pay the bill. Company does a quick review after you prepare. Make sense? I know not entirely aligned with our call as I/we were still understanding how it typically works. On Sun, Jan 24, 2021 at 3:37 PM Timothy Thomas wrote: > Lucas, > > Did we not agree that you would, the buyer, would prepare the filing? > > On Sun, Jan 24, 2021 at 3:05 PM Lucas Motro > wrote: > >> Tim, Timothy, >> >> Per your request - >> >> 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 C= losing >> Balance Sheet and corresponding adjustment >> - From 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. >> >> Thanks, >> Lucas >> >> -- >> Lucas Motro >> Director of Corporate Development >> Home Care Assistance >> www.homecareassistance.com >> --- >> Read Our Testimonials >> Join Our Newsletter >> >> We Are Hiring! >> [image: https://www.linkedin.com/company/home-care-assistance/] >> >> >> Champions of Aging Well >> > -- > > > > Timothy Thomas > > > > Directeur de soins et d=C3=A9veloppement | > > Director of Client Care & Development > > Tel: 514.907.5065 | Fax: 514.221.4265 > > tt@homecareassistance.com | Homecareassistancemontreal.ca > > > > --=20 Lucas Motro Director of Corporate Development Home Care Assistance www.homecareassistance.com --- Read Our Testimonials Join Our Newsletter We Are Hiring! [image: https://www.linkedin.com/company/home-care-assistance/] Champions of Aging Well --0000000000009d9ec805b9ab968e Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Sorry, I will rephrase my lead-in around being consis= tent -- Jamie and Rose both confirmed=C2=A0that standard practice would be = for seller to prepare the filing, as you are closer/more familiar with your= tax position, but Company would actually pay the bill. Company does a quic= k review after you prepare