ROL » Topics » Taxes

These excerpts taken from the ROL 10-K filed Mar 2, 2009.

Taxes

The Company's effective tax rate was 39.0% in 2008 compared to 38.3% in 2007 due primarily to a decrease in tax exempt income.

Taxes

The Company's effective tax rate was 38.3% in 2007 compared to 39.3% in 2006 due primarily to an increase in tax exempt income.

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Taxes



The Company's effective tax rate was 39.0% in 2008 compared to 38.3% in 2007 due primarily to a decrease in tax exempt income.



Taxes



The Company's effective tax rate was 38.3% in 2007 compared to 39.3% in 2006 due primarily to an increase in tax exempt income.



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Taxes

During the year ended December 31, 2007 a settlement was reached on a federal audit issue which resulted in the reduction of the liability for unrecognized tax benefits of $1.0 million and $0.45 million for the years ended December 31, 2007 and 2008, respectively, and will result in future reduction for the liability for unrecognized tax benefits of $0.45 million in 2009. During the year ended December 31, 2008 state tax audits were settled resulting in a reduction to the liability for unrecognized tax benefits of $0.4 million. The liability for unrecognized tax benefits was reduced during the year ended December 31, 2008 by $0.2 million for interest and penalties applicable to settled issues.

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Taxes



During the year ended December 31, 2007 a settlement was reached on a federal audit issue which resulted in the reduction of the liability for
unrecognized tax benefits of $1.0 million and $0.45 million for the years ended December 31, 2007 and 2008, respectively, and will result in future reduction for the liability for
unrecognized tax benefits of $0.45 million in 2009. During the year ended December 31, 2008 state tax audits were settled resulting in a reduction to the liability for unrecognized tax
benefits of $0.4 million. The liability for unrecognized tax benefits was reduced during the year ended December 31, 2008 by $0.2 million for interest and penalties applicable to
settled issues.



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This excerpt taken from the ROL 8-K filed Apr 1, 2008.
Taxes.  The Borrower and its Subsidiaries have timely filed or caused to be filed all Federal income tax returns and all other material tax returns that are re­quired to be filed by them, and have paid all taxes shown to be due and payable on such returns or on any assessments made against it or its property and all other taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except where the same are currently being contested in good faith by ap­propriate proceedings and for which the Borrower or such Subsidiary, as the case may be, has set aside on its books adequate reserves in accordance with GAAP.  The charges, accruals and reserves on the books of the Borrower and its Subsidiaries in respect of such taxes are adequate, and no tax liabilities that could be materially in excess of the amount so provided are anticipated.
 
Section 4.9. 
These excerpts taken from the ROL 10-K filed Feb 29, 2008.

Taxes

During the year ended December 31, 2007 a settlement was reached on a federal audit issue which resulted in the reduction of the liability for unrecognized tax benefits of $1.0 million and will result in future reductions of the liability for unrecognized tax benefits of $0.9 million over the next two years. The liability for unrecognized tax benefits was reduced during the year ended December 31, 2007 by $0.4 million for interest applicable to the settled issue. Filing of tax returns for the year ended December 31, 2006 reduced the liability for unrecognized tax benefits by an additional $0.2 million during the year ended December 31, 2007. During the year ended December 31, 2007 state tax audits were settled resulting in a reduction to the liability for unrecognized tax benefits of $1.1 million. Other state initiatives were completed during the year ended December 31, 2007 resulting in a reduction to the liability for unrecognized tax benefits of $1.2 million.

Taxes



During the year ended December 31, 2007 a settlement was reached on a federal audit issue which resulted in the reduction of the liability for unrecognized tax benefits
of $1.0 million and will result in
future reductions of the liability for unrecognized tax benefits of $0.9 million over the next two years. The liability for unrecognized tax benefits was reduced during the year ended
December 31, 2007 by $0.4 million for interest applicable to the settled issue. Filing of tax returns for the year ended December 31, 2006 reduced the liability for unrecognized
tax benefits by an additional $0.2 million during the year ended December 31, 2007. During the year ended December 31, 2007 state tax audits were settled resulting in a reduction
to the liability for unrecognized tax benefits of $1.1 million. Other state initiatives were completed during the year ended December 31, 2007 resulting in a reduction to the liability
for unrecognized tax benefits of $1.2 million.



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