Removal of Excess Contributions After Your Tax Filing Deadline. If you request a return of an excess contribution after your federal income tax return filing deadline (including extensions) we will remove only the amount of the excess contribution. The non-deductible excise tax of 6% will be imposed on the excess contribution for each year it remains in the Xxxx XXX. An excess withdrawal under this method is not taxable to you and the NIA is not calculated or distributed.
Appears in 7 contracts
Samples: Account Agreement, Account Agreement, Account Agreement
