Common use of Tax Reporting Procedures Clause in Contracts

Tax Reporting Procedures. (1) NationsSecurities shall be responsible for determining whether backup withholding is required for Customer accounts and shall provide to TSSG backup withholding instructions regarding each Customer account. In this regard, NationsSecurities shall be responsible for, among other things, confirming and maintaining records of Form W-8 certifications and expirations and taxpayer identification numbers ("TINs") for Customer accounts.