Income Tax Withholding. You must indicate on distribution requests whether or not federal tax should be withheld. Distribution requests without a federal withholding statement require the Custodian to withhold federal tax in accordance with IRS regulations. State withholding may also apply for distribution requests received without a withholding statement.
Appears in 188 contracts
Samples: Custodial Account Agreement, Custodial Account Agreement, Custodial Account Agreement
