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returns, that all deductions have been properly taken and that no
audit or examination of the returns is pending. If the returns
are examined by the Internal Revenue Service or any other
governmental agency subsequent to this agreement and any
deficiencies in tax are assessed or costs incurred, the party who
is the target of the examination/investigation or to whose
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income the deficiencies are attributable shall pay all taxes,
interest and penalties th~t are assessed and shall hold the other
; party harmless from the taxes, interest and penalties and any
expenses incurred by the other party because of the examination,
I~ includin all attorne and
~ g y accounting fees incurred in defending
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~ or explaining these returns. If any refunds are received as a
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F result of an examination the refunds shall be the property of the
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! party to whose income the refund is attributable. Each party
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^ shall promptly notify the other of any pending administrative or
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~ legal proceeding concerning the taxes. The parties may, at the
c
a
' wife's option, file a 1989 joint personal federal income tax
i
~ return if otherwise permitted by law to do so. The wife must
' make the election to file a joint return on or before
6
` February 15, 1990, by giving notice as provided in this
~
~ agreement.
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16 . WARRHivT-Y . Ea~Ya ~ar~y warrants Lo L'ne other tnat no
obligation has been incurred that may be the obligation of or
enforced against the other party or the other party's property '
;
except as disclosed by this agreement. Neither party shall incur ~
such an obligation after execution of this agreement. If a claim
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