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WBMD » Topics » We are included in Emdeons consolidated group for federal income tax purposes and, as a result, may be liable for any shortfall in Emdeons federal income tax paymentsThis excerpt taken from the WBMD 10-Q filed May 10, 2007. We are
included in Emdeon’s consolidated group for federal income
tax purposes and, as a result, may be liable for any shortfall
in Emdeon’s federal income tax payments
We will be included in the Emdeon consolidated group for federal
income tax purposes as long as Emdeon continues to own 80% of
the total value of our capital stock. By virtue of its
controlling ownership and our tax sharing agreement with Emdeon,
Emdeon effectively controls all our tax decisions. Moreover,
notwithstanding the tax sharing agreement, federal tax law
provides that each member of a consolidated group is jointly and
severally liable for the group’s entire federal income tax
obligation. Thus, to the extent Emdeon or other members of the
group fail to make any federal income tax payments required of
them by law, we would be liable for the shortfall. Similar
principles generally apply for income tax purposes in some
state, local and foreign jurisdictions.
This excerpt taken from the WBMD 10-K filed Mar 2, 2007. We are
included in Emdeon’s consolidated group for federal income
tax purposes and, as a result, may be liable for any shortfall
in Emdeon’s federal income tax payments
We will be included in the Emdeon consolidated group for federal
income tax purposes as long as Emdeon continues to own 80% of
the total value of our capital stock. By virtue of its
controlling ownership and our tax sharing agreement with Emdeon,
Emdeon effectively controls all our tax decisions. Moreover,
notwithstanding the tax sharing agreement, federal tax law
provides that each member of a consolidated group is jointly and
severally liable for the group’s entire federal income tax
obligation. Thus, to the extent Emdeon or other members of the
group fail to make any federal income tax payments required of
them by law, we would be liable for the shortfall. Similar
principles generally apply for income tax purposes in some
state, local and foreign jurisdictions.
Not applicable.
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We believe that our company’s offices and other facilities
are, in general, in good operating condition and adequate for
our current operations and that additional leased space in
appropriate locations can be obtained on acceptable terms if
needed.
We lease approximately 100,000 square feet of office space
in New York, New York for our corporate headquarters
and its editorial and marketing operations under a lease that
expires in November 2015. We also lease an additional
20,000 square feet of office space in New York,
New York under a lease entered into by Medsite. We also
lease office space and operational facilities in: Avon,
Connecticut; Atlanta, Georgia; Acton, Massachusetts; Montreal,
Canada; Omaha, Nebraska; Portland, Oregon; and
San Clemente, California.
The information relating to legal proceedings contained in
Note 11 to the Consolidated Financial Statements included
in this Annual Report is incorporated herein by this reference.
During the fourth quarter of 2006, no matters were submitted to
a vote of security holders of WebMD.
Table of Contents
This excerpt taken from the WBMD 10-K filed Mar 16, 2006. We
will be included in Emdeon’s consolidated group for federal
income tax purposes and, as a result, may be liable for any
shortfall in Emdeon’s federal income tax
payments
For so long as Emdeon continues to own 80% of the total voting
power and value of our capital stock, we will be included in
Emdeon’s consolidated group for federal income tax
purposes. By virtue of its controlling ownership and our tax
sharing agreement with Emdeon, Emdeon effectively controls all
our tax decisions. Moreover, notwithstanding the tax sharing
agreement, federal tax law provides that each member of a
consolidated group is jointly and severally liable for the
group’s entire federal income tax obligation. Thus, to the
extent Emdeon or other members of the group fail to make any
federal income tax payments required of them by law, we would be
liable for the shortfall. Similar principles generally apply for
income tax purposes in some state, local and foreign
jurisdictions.
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