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What are the tax reporting and withholding responsibilities of primary dealers that participate in the TALF?

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What are the tax reporting and withholding responsibilities of primary dealers that participate in the TALF?

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The primary dealers are responsible for managing any tax withholding and reporting obligations for their customers. Primary dealers should consult with tax counsel to understand the tax implications and requirements of primary dealers for the specific tasks performed on behalf of customers in connection with TALF.

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The primary dealers are responsible for managing any tax withholding and reporting obligations for their customers. Primary dealers should consult with tax counsel to understand tax implications and requirements of primary dealers for the specific tasks performed on behalf of customers in connection with TALF.

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