Common use of Standard Default Tax Terms Clause in Contracts

Standard Default Tax Terms. The share consideration (if any) is considered a non-taxable event with no Fair Market Value Reporting (FMV) on shares. Principal and CIL are reported on form 1099-B as constructive receipt. In the event of an exchange, dividends declared after the effective date, will accrue on the shares issuable to un-exchanged holders and tax reported “as if” paid currently. Section 2 – Client Information Client Name: Tax ID/EIN: Issue Description/Type: CUSIP Number(s): Will you require Computershare to perform tax reporting services for this transaction? ☐ Yes ☐ No*** ***If you xxxx the above box “No”, an explanation of either how the consideration will be tax reported, or why tax reporting is not applicable (i.e. X0, X-0, etc.), is required. Please provide this explanation in Section 5 where it indicates “If you answered “No” in Section 2. Section 3 – Standard 1099 Reporting

Appears in 3 contracts

Samples: Depositary and Information Agent Agreement (Delaware Enhanced Global Dividend & Income Fund), Depositary and Information Agent Agreement (Delaware Enhanced Global Dividend & Income Fund), Depositary and Information Agent Agreement (Delaware Enhanced Global Dividend & Income Fund)

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Standard Default Tax Terms. The share consideration (if any) is considered a non-taxable event with no Fair Market Value Reporting (FMV) on shares. Principal and CIL are reported on form 1099-B 1099B as constructive receipt. In the event of an exchange, dividends declared after the effective date, will accrue on the shares issuable to un-exchanged holders and tax reported “as if” paid currently. Section 2 – Client Information Client Name: Tax ID/EIN: Issue Description/Type: CUSIP Number(s): Will you require Computershare to perform tax reporting services for this transaction? ☐ Yes ☐ No*** ***If you xxxx mark the above box “No”, an explanation of either how the consideration will be tax reported, or why tax reporting is not applicable (i.e. X0, X-0, etc.), is required. Please provide this explanation in Section 5 where it indicates “If you answered “No” in Section 2. Section 3 – Standard 1099 Reporting

Appears in 1 contract

Samples: Agent Agreement (Blackrock Corporate High Yield Fund, Inc.)

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Standard Default Tax Terms. The share consideration (if any) is considered a non-taxable event with no Fair Market Value Reporting (FMV) on shares. Principal and CIL are reported on form 1099-B 1099B as constructive receipt. In the event of an exchange, dividends declared after the effective date, will accrue on the shares issuable to un-exchanged holders and tax reported “as if” paid currently. Section 2 – Client Information Client Name: Tax ID/EIN: Issue Description/Type: CUSIP Number(s): Will you require Computershare to perform tax reporting services for this transaction? ☐ Yes ☐ No*** **** If you xxxx the above box “No”, an explanation of either how the consideration will be tax reported, or why tax reporting is not applicable (i.e. X0, X-0, etc.), is required. Please provide this explanation in Section 5 where it indicates “If you answered “No” in Section 2. Section 3 – Standard 1099 Reporting

Appears in 1 contract

Samples: Depositary and Information Agent Agreement (Nuveen Taxable Municipal Income Fund)

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