Not exact matches
Under the backup
withholding provisions of Section 3406 of the Code, distributions of taxable net
investment income and net capital gain and proceeds from the redemption or exchange of the shares of a regulated
investment company may be subject to
withholding of federal income tax in the case of non-exempt shareholders who fail to furnish the
investment company with their taxpayer identification numbers and with required certifications regarding their status under the federal income tax law, or if the Fund is notified
by the IRS or a broker that
withholding is required due to an incorrect TIN or a previous failure to report taxable interest or dividends.
Interest and dividends paid
by foreign issuers may be subject to
withholding and other foreign taxes, which may decrease the net return on such
investments as compared to dividends and interest paid to a Fund
by domestic
companies or the U.S. government.
Form 1099 - DIV is used to report ordinary dividends, total capital gains, qualified dividends, non-taxable distributions, federal income tax
withheld, foreign taxes paid, and foreign source income from
investments held
by fund
companies.