Common use of Tax Withholding and Reporting Clause in Contracts

Tax Withholding and Reporting. The FFB Custodian may be required to withhold U.S. federal income tax at the prevailing rate on all interest payable to certain FFB Depositors who fail to provide their correct taxpayer identification number or to make required certifications, or who have been notified by the Internal Revenue Service that they are subject to backup withholding. Interest earned on accounts held by entities (individuals or corporations) that are neither citizens nor residents of the United States, except for Canadian residents, generally are not subject to withholding tax. Where required by applicable law, each FFB Depositor will be issued a Form 1099-INT which will set forth the gross interest earned (i.e., interest before fees) by a FFB Depositor from the Insured Depositories. Consult your tax advisor.

Tax Withholding and Reporting. The FFB FICA Custodian may be required to withhold U.S. federal income tax at the prevailing rate on all interest payable to certain FFB FICA Depositors who fail to provide their correct taxpayer identification number or to make required certifications, or who have been notified by the Internal Revenue Service that they are subject to backup withholding. Interest earned on accounts held by entities (individuals or corporations) that are neither citizens nor residents of the United States, except for Canadian residents, generally are not subject to withholding tax. Where required by applicable law, each FFB FICA Depositor will be issued a Form 1099-INT which will set forth the gross interest earned (i.e., interest before fees) by a FFB FICA Depositor from the Insured Depositories. Consult your tax advisor.

Tax Withholding and Reporting. The FFB FICA Custodian may be required to withhold U.S. federal income tax at the prevailing rate on all interest payable to certain FFB FICA Depositors who fail to provide their correct taxpayer identification number or to make required certifications, or who have been notified by the Internal Revenue Service that they are subject to backup withholding. Interest earned on accounts held by entities (individuals or corporations) that are neither citizens nor residents of the United States, except for Canadian residents, generally are not subject to withholding tax. Where required by applicable law, each FFB FICA Depositor will be issued a Form 1099-INT which will set forth the gross interest earned (i.e., interest before fees) by a FFB FICA Depositor from the Insured DepositoriesDepository Banks. Consult your tax advisor.

Tax Withholding and Reporting. The FFB FICA Custodian may be required to withhold U.S. federal income tax at the prevailing rate on all interest payable to certain FFB FICA Depositors who fail to provide their correct taxpayer identification number or to make required certifications, or who have been notified by the Internal Revenue Service that they are subject to backup withholding. Interest earned on accounts held by entities (individuals or corporations) that are neither citizens citizen nor residents of the United States, except for Canadian residents, generally are not subject to withholding tax. Where required by applicable law, each FFB FICA Depositor will be issued a Form 1099-INT which will set forth the gross interest earned (i.e., interest before fees) by a FFB FICA Depositor from the Insured Depositories. Consult your tax advisor.

Tax Withholding and Reporting. The FFB Account Custodian may be required to withhold U.S. federal income tax at the prevailing rate on all interest payable to certain FFB Depositors who fail to provide their correct taxpayer identification number or to make required certifications, or who have been notified by the Internal Revenue Service that they are subject to backup withholding. Interest earned on accounts held by entities (individuals or corporations) that are neither citizens nor residents of the United States, except for Canadian residents, generally are not subject to withholding tax. Where required by applicable law, each FFB Depositor will be issued a Form 1099-INT which will set forth the gross interest earned (i.e., interest before fees) by a an FFB Depositor from the Insured Depositories. Consult your tax advisor.