Common use of Early Distribution Penalty Tax Clause in Contracts

Early Distribution Penalty Tax. No 10 percent early distribu- tion penalty tax will apply to the inherited IRA distribution be- cause the distribution is due to the death of the original owner.

Early Distribution Penalty Tax. No 10 percent early distribu- tion penalty tax will apply to the inherited IRA distribution be- cause the distribution is due to the death of the original owner. made during your life and at your request may be subject to federal gift tax under IRC Sec. 2501.

Early Distribution Penalty Tax. No 10 percent early distribu- tion penalty tax will apply to the inherited Roth IRA distribution be- cause because the distribution is due to the death of the original owner.