Routine Tax Services Clause Samples
The "Routine Tax Services" clause defines the scope of standard tax-related services that a service provider will deliver as part of their engagement. Typically, this includes the preparation and filing of regular tax returns, providing general tax advice, and ensuring compliance with applicable tax laws for the client. By clearly outlining which tax services are considered routine and included in the base agreement, this clause helps prevent misunderstandings about the provider's responsibilities and avoids disputes over additional fees for non-standard or specialized tax work.
Routine Tax Services. A. Tax filings. Working with the Fund's independent public accountants or other professionals, assist with the preparation and filing of (1) the Fund's Federal tax returns on Form 1120 RIC and Form 8613 and (2) such state and local returns as directed by the Fund.
B. 1099-MISC. Provide Form 1099-MISC to persons other than corporations (i.e., Trustees) to whom the Fund paid more than $600 during the year.
Routine Tax Services. J.▇. ▇▇▇▇▇▇ will provide assistance to the Funds and their investment adviser with respect to compliance with federal tax and securities laws. Responsibility for such compliance services are subject to the development of a more precise allocation of duties and responsibilities between J.▇. ▇▇▇▇▇▇, the adviser and other relevant service providers. In addition, J.▇. ▇▇▇▇▇▇’▇ provision of compliance services is designed to assist the Funds and their adviser but is not intended as an assumption by J.▇. ▇▇▇▇▇▇ of the adviser’s fiduciary duties and legal responsibilities to the Funds.
Routine Tax Services