Common use of Reporting Responsibilities Clause in Contracts

Reporting Responsibilities. The ▇▇▇ Owner agrees to provide the Custodian with information necessary for the Custodian to prepare any reports required under Code Sections 408(i), 408A(d)(3)(D), and Regulations Sections 1.408-5 and 1.408-6. The Custodian agrees to submit reports to the IRS and the ▇▇▇ Owner (or Beneficiary(ies) upon the ▇▇▇ Owner’s death) as prescribed by the IRS and such additional reports as the Custodian may choose to deliver. The Custodian shall furnish annual calendar-year reports concerning the status of the ▇▇▇ and such information concerning required minimum distributions as is prescribed by the Commissioner of the IRS.