Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 35 contracts
Samples: Roth Individual Retirement Account Agreement, Roth Individual Retirement Custodial Account Agreement, Roth Individual Retirement Trust Account Agreement
Prohibited Transactions. If you or your beneficiary beneficiary(ies) engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 13 contracts
Samples: Roth Ira Account Application & Agreement, Customer Account Agreement, Roth Ira Account Application & Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred tax‐deferred or tax-exempt tax‐exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 12 contracts
Samples: Roth Individual Retirement Custodial Account Agreement, Roth Ira Application, Roth Individual Retirement Custodial Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 7 contracts
Samples: Traditional Individual Retirement Account Custodial Agreement, Traditional Ira Adoption Agreement, Individual Retirement Custodial Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you must generally must include the value of the earnings in your account in your gross income for that the taxable yearyear you engage in the prohibited transaction. The following transactions are examples of prohibited transactions with your Xxxx XXX.
: (1) Taking taking a loan from your Xxxx XXX XXX; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 7 contracts
Samples: Roth Ira Custodial Account Agreement, Roth Ira Account Agreement, Custodial Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
: (1) Taking taking a loan from your Xxxx XXX XXX, (2) Buying buying property for personal use (present or future) with Xxxx XXX assets assets, and (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 5 contracts
Samples: Wealth Management Agreement, Account Agreement, Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-tax- deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 5 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Ira or Sep Account Application & Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt tax‐deferred status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 4 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
: (1) Taking taking a loan from your Xxxx XXX XXX; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 3 contracts
Samples: Ira Plan Agreement, Ira Plan Agreement, Ira Plan Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.with
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 2 contracts
Samples: Traditional Ira Adoption Agreement, Individual Retirement Custodial Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX XXX
(2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.
Appears in 1 contract
Samples: Roth Individual Retirement Account Custodial Agreement
Prohibited Transactions. If you or your beneficiary beneficiary(ies) engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your ofyour Xxxx XXX.
Appears in 1 contract
Samples: Roth Ira Client Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.XXX.
Appears in 1 contract
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
: (1) Taking taking a loan from your Xxxx XXX XXX, (2) Buying buying property for personal use (present or future) with Xxxx XXX assets assets, and (3) Receiving receiv- ing certain bonuses or premiums because of your Xxxx XXX.
Appears in 1 contract
Samples: Account Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.or
Appears in 1 contract
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx SIMPLE XXX, as described in IRC Sec. 4975, your Xxxx SIMPLE XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx SIMPLE XXX.
(1) Taking a loan from your Xxxx SIMPLE XXX (2) Buying property for personal use (present or future) with Xxxx SIMPLE XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx SIMPLE XXX.
Appears in 1 contract
Samples: Simple Ira Adoption Agreement
Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX.
(1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.assets
Appears in 1 contract
Samples: Roth Ira Plan Agreement
