Common use of PENALTY REPORTING Clause in Contracts

PENALTY REPORTING. The Designated Beneficiary must file form 5329 with the Internal Revenue Service to report and remit any penalties for excise taxes.

Appears in 4 contracts

Samples: Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement

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PENALTY REPORTING. The Designated Beneficiary must file form 5329 with the Internal Revenue Service to report and remit any penalties for excise taxes.. OTHER

Appears in 2 contracts

Samples: Wealth Management Agreement, Coverdell Education Savings Custodial Agreement

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