However, past experience has indicated that in most cases this time period is extended by the IRS due to their inability to complete the processing within the required ninety- day period. In such cases, the IRS will forward notification to the withholding agent that payment of the withholding funds may be delayed until twenty days following issuance of the Withholding Certificate thus eliminating the requirement to remit the escrowed funds at that time. It is important to note that the days that the property is vacant is not taken into account in making the foregoing determination. Two additional rules should also be remembered. First, if the seller consists of more than one individual, the withholding requirements apply to each seller in proportion to their interest in the property.
Some people just have luck.
Jim and Rosemary Quaile, long-time anglers and good friends, have that luck. Jim has a much higher percentage of skill, and fabulous luck. Each year, the wind has howled, as it usually does for most tournaments. Last year, at the end of the two days, Jim had caught five Bonefish. I was wrong, as sometimes I am.