Tax Services. (i) Where required by the Code, withhold taxes (including backup withholding taxes) on U.S. residents and non-resident alien accounts, report such withheld taxes to relevant shareholders and the IRS and remit such withheld taxes to the IRS. Adjust non-resident alien withholding to reflect qualified interest income received by the Funds.
(ii) Prepare and file IRS Form 1099 and other tax reporting forms required by the IRS with respect to dividends and distributions. Prepare and file any required state tax reporting with respect to dividends and distributions.
(iii) Provide due diligence process for IRS Form W-9 and W-8 solicitations and encode shareholder records with properly returned information.
(iv) Perform cost basis accounting accumulation and report the basis of redeemed Shares as required by the Code.
(v) Retain tax reporting information from processed transactions in appropriate data files for preparation of IRS forms and information returns.
(vi) Provide system and work stream to comply with the Foreign Account Tax Compliance Act ("FATCA"), including but not limited to:
(A) During the account opening process, collect and store in an easily searchable and viewable file information required to comply with FATCA account classification requirements.
(B) Initiate, monitor and maintain requests for FATCA documentation from account holders, including the ability to electronically record a review of FATCA documentary evidence (e.g., who reviewed, what was reviewed, when).
(C) Monitor and report to the Funds changes to account holder information which impacts their FATCA classification.
(D) In compliance with FATCA, withhold taxes at the rate required by FATCA on payments made to non-participating foreign financial institutions and non-financial foreign entities ("NFFE") and remit such withheld taxes to the IRS.
(E) Prepare tax reporting forms required by FATCA, including those relating to US owners of NFFEs.
Tax Services. Subject to and to the extent of receipt by the Custodian of relevant and necessary documentation and information with respect to the Funds and Portfolios that the Custodian has requested, the Custodian shall perform the following services: (i) file claims for exemptions, reductions in withholding taxes, or refunds of any tax with respect to withheld foreign (non-U.S.) taxes in instances in which such claims are appropriate; (ii) withhold appropriate amounts as required by U.S. tax laws with respect to amounts received on behalf of nonresident aliens; and (iii) provide to the Funds such information actually received by the Custodian that could, in the Custodian’s reasonable belief and sole discretion, assist any of the Funds in their submission of any reports or returns with respect to taxes. Other than the servicing responsibilities identified herein, the Custodian shall have no responsibility or liability for any obligations now or hereafter imposed on any Fund, the Portfolios or the Custodian as custodian of the Portfolios by the tax law of any country or of any state or political subdivision thereof. It shall be the responsibility of each Fund to notify the Custodian of the obligations imposed on such Fund or the Custodian as custodian by the tax law of countries, states and political subdivisions thereof, including responsibility for withholding and other taxes, assessments or other governmental charges, certifications and governmental reporting. The sole responsibility of the Custodian with regard to such tax law shall be to use reasonable efforts to assist the Fund with respect to any claim for exemption or refund under the tax law of countries for which such Fund has provided sufficient information and documentation. As the Custodian does not provide tax advice, it is specifically understood and agreed that the Custodian shall not be considered the Fund’s tax advisor or tax counsel. In connection with the provision of services pursuant to this Section 6, the Custodian shall be kept indemnified by and shall be without liability to a Fund for any obligations, including taxes, withholding and reporting requirements, claims for exemption and refund, additions for late payment, interest, penalties and other expenses that may be assessed against the Fund, the Portfolios or the Custodian as custodian of the assets of such Fund or Portfolios. Each of the Funds agrees that the Custodian is authorized to deduct from any cash received or credited to the accoun...
Tax Services. Prepare annual tax basis provisions for both excise and income tax purposes, including wash sales and all tax financial statement disclosure;
Tax Services. X.X. Xxxxxx will provide the following tax services, subject to the review and approval of the Customer, the Investment Adviser and/or the Funds’ auditors.
Tax Services. BNY Mellon shall provide the following tax services for each Fund: · Tax Provision Preparation · Prepare fiscal year-end tax provision analysis; · Process tax adjustments on securities identified by a Fund that require such treatment; · Prepare ROCSOP adjusting entries; and · Prepare financial statement footnote disclosures. · Excise Tax Distributions Calculations · Prepare calendar year tax distribution analysis; · Process tax adjustments on securities identified by a Fund that require such treatment; and · Prepare annual tax-based distribution estimate for each Fund.
Tax Services. Prepare workpapers and supporting schedules for execution and filing, the federal and state income and excise tax returns.
Tax Services. BNY Mellon shall provide the following tax services with respect to each Trust: ▪ Tax Provision Preparation • Prepare fiscal year-end tax provision analysis; • Process tax adjustments on securities identified by the Trust that require such treatment; • Prepare ROCSOP adjusting entries; and • Prepare financial statement footnote disclosures. ▪ BNY Mellon is not responsible for the identification of securities requiring U.S. tax treatment that differs from treatment under U.S. generally accepted accounting principles; this responsibility resides with the Administrator or the Trust or Trust’s management. BNY Mellon is responsible for processing such identified securities, in accordance with U.S. tax laws and regulations. ▪ Excise Tax Distributions Calculations • Prepare yearly tax distribution analysis; • Process tax adjustments on securities identified by the Trust that require such treatment; and • Prepare annual tax-based distribution estimate with respect to the Trust. ▪ Other Tax Services • Prepare , sign and file the federal and state income and excise tax returns; • Prepare year-end Investment Company Institute broker/dealer primary reporting and prepare fund distribution calculations disseminated to broker/dealers; and • Coordinate U.S.C. Title 26 Internal Revenue Code (“IRC”) §855 and excise tax distribution requirements. • Monitor and communicate to the Administrator each Portfolio’s status as a regulated investment company under Sub-chapter M of the Internal Revenue Code of 1986, as amended, with respect to qualification under the asset diversification and gross income tests. ▪ Uncertain Tax Positions • Documentation of all material tax positions taken by the Trust with respect to specified fiscal years and identified to BNY Mellon (“Tax Positions”); • Review of the Trust’s: (i) tax provision work papers, (ii) excise tax distribution work papers, (iii) income and excise tax returns, (iv) tax policies and procedures and (v) Subchapter M compliance work papers; • Determine as to whether or not Tax Positions have been consistently applied, and documentation of any inconsistencies; • Review relevant statutory authorities; • Review tax opinions and legal memoranda prepared by tax counsel or tax auditors to the Trust; • Review standard mutual fund industry practices, to the extent such practices are known to, or may reasonably be determined by, BNY Mellon; and • Delivery of a written report to the Administrator with respect to the Trust detailing such it...
Tax Services. Preparation of Federal income and excise tax returns and preparation, execution and filing of state income tax returns, including any extensions or amendments Standard Fee.................................................. $3,000/fiscal period Fee per Gateway Fund (a Fund described in (i)(C) or (D) above)....................................... $1,500/fiscal period Fee per Gateway Fund (a Fund described in (i)(C) or (D) above) that invests in more than one instrument in addition to the fund(s) in which it invests.................................................... $3,000/fiscal period
