Common use of Removal of Excess Contributions Clause in Contracts

Removal of Excess Contributions. You may withdraw all or a portion of your excess contribution and attributable earnings before your federal income tax return due date, including extensions, for the taxable year for which you made the contribution. The excess contribution amount distributed will not be taxable, but the attributable earnings on the contribution will be taxable in the year in which you made the contribution and may be subject to the 10 percent

Removal of Excess Contributions. You may withdraw all or a portion of your excess contribution and attributable earnings before your federal income tax return due date, including extensions, for the taxable year for which you made the contribution. The excess contribution amount distributed will not be taxable, taxable but the attributable earnings on the contribution will be taxable in the year in which you made the contribution and may be subject to the 10 percent

Removal of Excess Contributions. You may withdraw all or a portion of your excess contribution and attributable earnings before by your federal income tax return due date, including extensions, for the taxable year for which you made the contribution. The excess contribution amount distributed will not be taxable, but the attributable earnings on the contribution will be taxable in the year in which you made the contribution and may be subject to the 10 percent

Removal of Excess Contributions. You may withdraw all or a portion of your excess contribution and attributable earnings before by your federal income tax return due date, including extensions, for the taxable year for which you made the contributioncontribution was made. The excess contribution amount distributed will generally not be taxable, but the attributable earnings on the contribution will be taxable in the year in which you made the contribution and may be subject to the 10 percentthe

Removal of Excess Contributions. You may withdraw all or a portion of your excess contribution and attributable earnings before by your federal income tax return due date, including extensions, for the taxable year for which you made the contribution. The excess contribution amount distributed will generally not be taxable, but the attributable earnings on the contribution will be taxable in the year in which the distribution is received. If you made the contribution and may be subject to the 10 percenttimely file your federal income