Tax Guides

Evergreen 2007 Tax Guides

Use the information contained in Evergreen's 2007 tax information guides to help you prepare your US tax returns.

Please note: This PDF has been revised since the original printing and contains the corrected text on page 1.

Supplemental Tax Information for Evergreen's Closed-End Funds

For information pertaining to your closed-end fund, select the link below:

Corporate Shareholders of Evergreen Global Dividend Opportunity Fund and Evergreen Utilities and High Income Fund

Corporate Shareholders of Evergreen Global Dividend Opportunity Fund – 11.26% of ordinary income dividends qualified for the dividends received deduction.

Corporate Shareholders of Evergreen Utilities and High Income Fund  – 15.10% of ordinary income dividends qualified for the dividends received deduction.

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Evergreen Global Dividend Opportunity Fund

You are permitted to take a foreign tax credit against your federal income tax for income taxes paid to other countries by your fund. Alternatively you may merely deduct the foreign taxes listed in Box 6 of Form 1099-DIV from your federal taxable income on Line 8 of Schedule A for Form 1040. Individuals who wish to claim a credit and have less than $300 of creditable taxes ($600 in the case of married persons filing jointly) and no foreign-source income other than passive income may elect to claim the foreign tax credit directly on Form 1040 and will not have to file Form 1116. You will be required to file Form 1116 (Form 1118 for corporations) to claim a tax credit if you have amounts in excess of those stated above or have other foreign taxes not reported on Form 1099-DIV.

The amount reported in Box 6 of Form 1099-DIV represents the amount of creditable foreign taxes paid by the mutual fund. The information in the chart below will assist you in calculating your foreign tax credit. If you must file Form 1116, you may have to compute the limitation on a country-by-country basis (please consult your tax advisor). To compute the foreign income component for the credit, multiply the country income percentage located in the table by the ordinary dividend income listed in Box 1a of Form 1099-DIV. To compute the foreign tax component by country, multiply the foreign tax percentage located in the table by the foreign tax paid in Box 6 of Form 1099-DIV.

Evergreen Global Dividend Opportunity Fund
2007 Income from Foreign Sources

 Income (%)Tax (%)
Australia3.860.00
Belgium1.343.59
Finland3.128.33
France10.0726.88
Germany7.1919.20
Italy9.5324.18
Spain1.323.51
Sweden5.2714.06
Taiwan0.130.25
United Kingdom46.740.00
Total Foreign88.57100.00

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Evergreen International Balanced Income Fund

You are permitted to take a foreign tax credit against your federal income tax for income taxes paid to other countries by your fund. Alternatively you may merely deduct the foreign taxes listed in Box 6 of Form 1099-DIV from your federal taxable income on Line 8 of Schedule A for Form 1040. Individuals who wish to claim a credit and have less than $300 of creditable taxes ($600 in the case of married persons filing jointly) and no foreign-source income other than passive income may elect to claim the foreign tax credit directly on Form 1040 and will not have to file Form 1116. You will be required to file Form 1116 (Form 1118 for corporations) to claim a tax credit if you have amounts in excess of those stated above or have other foreign taxes not reported on Form 1099-DIV.

The amount reported in Box 6 of Form 1099-DIV represents the amount of creditable foreign taxes paid by the mutual fund. The information in the chart below will assist you in calculating your foreign tax credit. If you must file Form 1116, you may have to compute the limitation on a country-by-country basis (please consult your tax advisor). To compute the foreign income component for the credit, multiply the country income percentage located in the table by the ordinary dividend income listed in Box 1a of Form 1099-DIV. To compute the foreign tax component by country, multiply the foreign tax percentage located in the table by the foreign tax paid in Box 6 of Form 1099-DIV.

Evergreen International Balanced Income Fund 2007 Income from Foreign Sources

 Income (%)Tax (%)
Australia2.774.34
Belgium0.431.56
Brazil0.200.73
Canada2.306.05
Denmark0.752.73
Finland0.722.64
France
4.3715.90
Germany2.438.66
Greece0.580.00
Hong Kong0.670.00
Ireland0.480.00
Israel0.351.70
Italy4.3115.07
Japan0.520.90
Jersey
0.010.00
Korea0.050.23
Luxembourg0.060.22
Malaysia0.420.00
Mexico
0.100.00
Morocco1.001.79
Netherlands4.0210.77
New Zealand0.020.04
Norway0.692.52
Portugal0.070.23
Singapore0.630.00
South Africa0.630.00
Spain1.635.78
Sweden3.2411.86
Switzerland0.732.35
Taiwan3.273.78
Thailand0.060.15
United Kingdom17.140.00
Total Foreign54.65100.00

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