Excess Accumulation Penalty Tax. Any portion of an RMD that is withholding. You may be subject to state or local taxes on your Xxxx not distributed to your beneficiary by its deadline is subject to an IRA distributions. excess accumulation penalty tax of up to 25 percent. The IRS may
Appears in 2 contracts
Samples: Individual Retirement Custodial Account Adoption Agreement, Individual Retirement Custodial Account Adoption Agreement
