Early Distribution Penalty Tax. If you receive a Traditional IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 58 contracts
Samples: Ira Prototype Plan Agreement, Ira Prototype Plan Agreement, Ira Prototype Plan Agreement
Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 38 contracts
Samples: Traditional Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally (25 percent if less than two years have passed since you first participated in a SIMPLE IRA plan sponsored by your employer) will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 22 contracts
Samples: Simple Ira Custodial Account Agreement, Simple Ira Custodial Account Adoption Agreement, Simple Ira Custodial Account Adoption Agreement
Early Distribution Penalty Tax. If you receive a Traditional IRA distribution or a nonqualified Xxxx an XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 16 contracts
Samples: Traditional Individual Retirement Account Custodial Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution distribu- tion unless one of the following exceptions apply.
Appears in 5 contracts
Samples: Wealth Management Agreement, Account Agreement, Account Agreement
Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.(25 percent if less than
Appears in 3 contracts
Samples: Wealth Management Agreement, Account Agreement, Account Agreement
Early Distribution Penalty Tax. If you are under age 59½ and receive a Traditional IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½distribution, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount includible in income in the year of the distribution. If you are under age 59½ and receive a distribution unless one of the following exceptions apply.conversion amounts
Appears in 2 contracts
Samples: Roth Individual Retirement Account Agreement, Roth Ira Custodial Agreement
Early Distribution Penalty Tax. If you receive a Traditional an IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.:
Appears in 1 contract
Samples: Customer Account Agreement
Early Distribution Penalty Tax. If you receive a Traditional SEP IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 1 contract
Samples: Custodial Agreement
Early Distribution Penalty Tax. If you receive a Traditional IRA XXX distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.
Appears in 1 contract
Early Distribution Penalty Tax. If you receive a Traditional SIMPLE IRA distribution or a nonqualified Xxxx XXX distribution before you attain age 59½, an additional early distribution penalty tax of 10 percent generally will apply to the taxable amount of the distribution unless one of the following exceptions apply.(25 percent if less than two years have passed since you first
Appears in 1 contract
