First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.
Appears in 10 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.early
Appears in 5 contracts
Samples: Individual Retirement Account Custodial Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Ira Adoption Agreement
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal principle residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.
Appears in 5 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Custodial Account Agreement, Traditional and Roth Ira Plan Agreement & Disclosure
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.to
Appears in 2 contracts
Samples: Ira Plan Agreement, Ira Plan Agreement
First-time homebuyer. You may take payments from your Xxxx SIMPLE XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx SIMPLE XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.
Appears in 1 contract
Samples: Simple Ira Adoption Agreement
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.the
Appears in 1 contract
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.
Appears in 1 contract
Samples: Roth Ira Plan Agreement
First-time homebuyer. You may take payments from your Xxxx SIMPLE XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx SIMPLE XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent early distribution penalty tax.to
Appears in 1 contract
Samples: Simple Ira Plan Agreement
First-time homebuyer. You may take payments from your Xxxx XXX to use toward qualified acquisition costs of buying or building a principal residence. The amount you may take for this reason may not exceed a lifetime maximum of $10,000. The payment must be used for qualified acquisition costs within 120 days of receiving the distribution. 8) IRS levy. Payments from your Xxxx XXX made to the U.S. government in response to a federal tax levy are not subject to the 10 percent 10% early distribution withdrawal penalty tax.
Appears in 1 contract
Samples: Client Relationship Agreement
