Common use of Tax Accounting Services Clause in Contracts

Tax Accounting Services. (1) Maintain tax accounting records for each Portfolio, for expense activity and for shareholder distribution activity sufficient to support federal and state tax reporting required for IRS-defined regulated investment companies. (2) Maintain tax lot detail for each Portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method defined by the Fund and recognizing sales from lots that are specifically identified. (4) Calculate and report the taxable components of income and capital gains distributions to the Fund's transfer agent to support tax reporting to the shareholders. (5) Prepare all Federal and State tax returns.

Tax Accounting Services. (1) Maintain tax accounting records for each Portfolio, for expense activity and for shareholder distribution activity sufficient to support federal and state tax reporting required for IRS-defined Internal Revenue Service ("IRS")-defined regulated investment companies. (2) Maintain tax lot detail for each Portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method defined by the Fund and recognizing sales from lots that are specifically identified. (4) Calculate and report the taxable components of income and capital gains distributions to the Fund's transfer agent to support tax reporting to the shareholders. (5) Prepare all Federal and State tax returns.

Tax Accounting Services. (1) Maintain tax accounting records for each Portfolioinvestment portfolio, for expense activity and for shareholder distribution activity sufficient to support federal and state tax reporting required for IRS-defined regulated investment companies. (2) Maintain tax lot detail for each Portfoliothe investment portfolio. (3) Calculate taxable gain/loss on security sales using the tax lot relief method defined by the Fund and recognizing sales from lots that are specifically identified. (4) Calculate and report the taxable components of income and capital gains distributions to the Fund's transfer agent to support tax reporting to the shareholders. (5) Prepare all Federal and State tax returns.