Income Taxes. The Custodian shall be responsible solely for the performance of those duties expressly assigned to it in this Xxxxxxxxx ESA Custodial Agreement and by operation of law. In determining the taxable amount of a distribution, the Responsible Individual shall rely only on the federal tax records of the Designated Beneficiary.
Appears in 19 contracts
Samples: www.lordabbett.com, www.arrowmarkpartners.com, 6b517bbbe092ed90657e-e87f61d6c272d3a7e8ddccf5e9815e01.ssl.cf2.rackcdn.com
Income Taxes. The Custodian shall be responsible solely for the performance of those duties expressly assigned to it in this Xxxxxxxxx ESA Custodial Agreement and by operation of law. In determining the taxable amount of a distribution, the Responsible Individual shall rely only on the federal tax records of the Designated Beneficiary.
Appears in 5 contracts
Samples: Custodial Agreement, Custodial Agreement, Custodial Agreement
Income Taxes. The Custodian shall be responsible solely for the performance of those duties expressly assigned to it in this Xxxxxxxxx ESA Custodial Agreement and by operation of law. In determining the taxable amount of a distribution, the Responsible Individual shall rely only on the federal tax records of the Designated Beneficiary.
Appears in 2 contracts
Samples: Application Agreement, RMB Funds
