Resolutions - Jersey City

Form W-9 (Rev. 10-2007)e The U.S. grantor or other owner of a grantor trust and not thetrust, ando The U.S. trust (other than a grantor trust) and not thebeneficiaries of the trusL.Foreign person. If you are a foreign person, do not use FormW-9. Instead, use the appropriate Form W.8 (see publication515, Withholding of Tax on Nonresident Aliens and ForeignEntities).Nonresident alien who becomes a resident alien. Generally,only' a nonresident alien individual may use the terms of a taxtreaty to reduce or eliminate U.S. tax on certain types of income.However, most tax treaties contain a provision known as a"savIng clause." Exceptions specified in the saving clause maypermit an exemption from tax to continue for certain types ofIncome even after the payee has otherwise become a U.S.resident alien for fax purposes,If you are a U.S. resident allen who is relying on an exceptioncontained in the saving clause of a tax treaty to claim anexemption from U.S. tax on certain types of income, you mustattach a statement to Form W-9 that specilies the following liveItems:1. The trea'ty country. Generally, this must be the same treatyunder which you claimed exemption from tax as a nonresidentalien.2. The treaty article addressing the income.3. The article number (or location) in the tax treaty thatcontains the saving clause and its exceptions,4. The type and amount of income that qualifies for theexemption from tax.5. Suffcient facts to justify the exemption from tax under theterms of the treaty article. 'Example. Article 20 of the U,S.-China income tax lreaty allowsan exemption' (rani tax for scholarship income received by aChinese stud.ent temporarily present In the UnIted States. UnderU.S, law, this student wil become a resident alien exceeds for tax5 .purposes if his or her stay in the United Statescalendar years. However, paragraph 2 of the first Protocol to the(dated April 30, 1984) allows the provisions ofU.S.-China treatyArticle 20 to continue to apply even alter the Chinese studentbecomes a resident alien of the United States, A Chinesestudeni who qualilles for this exception (under paragraph 2 of,the first protocol) and is relying on this exception to claim anexemption from tax on his or her scholarship or fellowshipincome would attach to Form W.9 a statement that Includes theinformation described above to support that exemption.If you are a nonresident alien or a foreign entiy not subject tobackup withholding, give the requester the appropriatecompleted Form W-8. 'What is backup withholding? Persons making certain paymentsto you must under certaIn condillons withhold and pay to theIRS 28% of such payments. This is called ~'backup withholding."Payments that may be subject to backup withholding includeinterest, tax-exempt Interest, dividends, broker and barterexchange transactions, rents, royalties, nonemployee pay,andcertain payments from fishing boat operators. Real estatetransactions are not subject to backup withholding. .You wil not be.subJect to backup withholding on paymentsyou receive if you give the requester your correct TIN, make theproper certifications, and report all your taxable Interest anddividends on your tax return. .Payments you receive wil be subject to backupwithholding if: '1. You do not furnish your TIN to t.he requester,2, You do not certify your TIN when required (see the Part IIinstructions on page 3 for details),3. The IRS tells the requester that you furnished an incorrectTIN,4. The IRS tells you that you are subjectto backupPage 2withholding because you did not report all your interest anddividends on your tax return (for reportable interest anddividends only), or5. You do not certify to the requester that you are not subjectto backup withholding under 4 above (for reportable inlerest anddividend accounts opened after 1983 only).Certain payees and payments are exempt from backupwithholding. See the Instructions below and the separateInstructions for the Requester of Form W-9.Also see Special rules for partnerships on page 1.PenaltiesFaiture to fUrlish TIN, If you fall to furnish your correct TIN to arequester, you are subject to a penalty of $50 for each suchfailure unless your failure Is due to reasonable cause and not towílful neglect.Civil penalty for false information with respect towithholding. If you make a false statement with no reasonablebasis that results In no backup withholding, you are subject to a$500 penalty.Criminal penalty for falsifying information. Wílfully falsifyingcertifications or affrmations may subject you to criminalpenalties including fines and/or imprisonment.Misuse of TINs. If the requester discloses or uses TINs inlaw, the requester may be subject to civil andviolation of federalcriminal penalties.Specific InstructionsNameIf you are an individual, you must generally enter the nameshown on your income tax return. However, If you have changedyour last name, for Instance, due to marriage without Informingthe Social Security Administration of the name change, enteryour first name, the last name shown on your social securitycard, and your new last name.If the account Is in joint names, list first, and then circle, the. name of the person or entiywhose number you entered in Part Iof the form.Sole proprietor. Enter your Individual name as shown on yourincome tax return on the "Name" line. You may enter yourbusiness, trade, or "doIng business as (DBA)" name on the"Business name" line,Limited liabilty company (LLC). Check the "Umited liabiltycompany" box only and enter the appropriate code for the taxclassification ("0" for disregarded entiy. "C" for corporation, "P"för partnership) In the space provided.For a single-member LLC (including a foreIgn LLC with adomestic owner) thatls disregarded as an 'entity separate fromits owner under Regulations section 301,7701-3, enter theowner's name on the "Name" line. Enter the LLC's name on the"Business name" line,For an LLC classi1ied as a partnership ora corporation, enterthe LLC's name on the "Name" I¡neand any business, trade, orDBA name on the "BusIness name" line.Other entities. Enter your business name as shown On requiredfederal tax documents on the "Name" line. This name shouldmatch the name shown on the charter or other legal documentcreating the entity. You may enter any business, trade, or DBAname on the "Business name" line.Note. You are requested to check the appropriate box for yourstatus (individual/sol.e proprietor, corporation, etc.).Exempt PayeeIf you are exempt from backùp wIthholding, enter your name asdescribed above ahd check the appropriate line box following for your the status,then check the "Exempt payee" box In thebusiness name,sIgn and date the form.