UNRELATED BUSINESS TAXABLE INCOME (UBTI. Investments may generate taxable income within the IRA account, referred to as Unrelated Business Taxable Income (UBTI). Such income must be considered in conjunction with all such income from all IRA accounts and may be taxable to the IRA account to the extent that all UBTI for a given taxable year exceeds the threshold amount set by the IRS. If the Depositor directs investment of the account in any investment which results in unrelated business taxable income, it shall be the responsibility of the Depositor to so advise the Custodian and to provide the Custodian with all forms necessary to file any required returns or reports for the account. All forms, returns and reports must be completed by the Depositor and delivered in a timely manner to Custodian for signature and filing. In such instances, the IRS requires that a Form 990-T be filed for the IRA account along with the appropriate amount of tax. The Depositor, by signing this agreement, understands the Custodian:
1. does not make any determination of UBTI;
UNRELATED BUSINESS TAXABLE INCOME (UBTI. If you direct your Inherited IRA to be invested in securities that result in unrelated business taxable income, Stifel will prepare and file Form 990-T on your behalf. The tax returns will be prepared at the Inherited XXX xxxxxx’x expense by an outside accounting firm of Stifel’s choice. Any taxes due will be paid out of the Inherited IRA. Please see Stifel’s fee schedule located in our disclosure booklet for all applicable fees. Limited Partnerships are an example of a security that may result in unrelated business taxable income. Additional information regarding UBTI and the 990-T process is available at xxx.xxxxxx.xxx/xxxxxxxxxx/xxxxxxxxxxxxxxxxxxxxxxx. 100-IHA (Rev. 4/2020)
UNRELATED BUSINESS TAXABLE INCOME (UBTI. If you direct your IRA to be invested in securities that result in unrelated business taxable income, Stifel will prepare and file Form 990-T on your behalf. The tax returns will be prepared at the XXX xxxxxx’x expense by an outside accounting firm of Stifel’s choice. Any taxes due will be paid out of the IRA. Please see Stifel’s fee schedule located in our disclosure booklet for all applicable fees. Limited Partnerships are an example of a security that may result in unrelated business taxable income. 100A (Rev. 3/2016) (9/2017)
UNRELATED BUSINESS TAXABLE INCOME (UBTI. (a) Since your IRA is a tax-exempt organization under federal tax law, if your IRA earns income from an investment which utilizes debt-financing or which is derived from a business regarded as not related to the exempt purpose of your IRA, that income is called unrelated business taxable income (“UBTI”) and may be subject to taxation if it is in excess of permitted deductions. We have no responsibility for determining whether an investment made in your IRA Account earned income that may be considered unrelated business taxable income which is subject to this federal income tax. Rather, it is your responsibility to file the required Form 990-T when such unrelated business taxable income is earned.
UNRELATED BUSINESS TAXABLE INCOME (UBTI. If you direct your Roth IRA to be invested in securities that result in unrelated business taxable income, Stifel will prepare and file Form 990-T on your behalf. The tax returns will be prepared at the Roth IRA holder’s expense by an outside accounting firm of Stifel’s choice. Any taxes due will be paid out of the Roth IRA. Please see Stifel’s fee schedule located in our disclosure booklet for all applicable fees. Limited Partnerships are an example of a security that may result in unrelated business taxable income. Additional information regarding UBTI and the 990-T process is available at xxx.xxxxxx.xxx/xxxxxxxxxx/xxxxxxxxxxxxxxxxxxxxxxx. 6100A (Rev. 4/2020))
UNRELATED BUSINESS TAXABLE INCOME (UBTI. If you direct your Inherited Xxxx XXX to be invested in securities that result in unrelated business taxable income, Stifel will prepare and file Form 990-T on your behalf. The tax returns will be prepared at the Inherited Xxxx XXX holder’s expense by an outside accounting firm of Stifel’s choice. Any taxes due will be paid out of the Inherited Xxxx XXX. Please see Stifel’s fee schedule located in our disclosure booklet for all applicable fees. Limited Partnerships are an example of a security that may result in unrelated business taxable income. 6100-IHA (Rev. 9/2017) (7/2019)
UNRELATED BUSINESS TAXABLE INCOME (UBTI. (a) Since your Xxxx XXX is a tax-exempt organization under federal tax law, if your Xxxx XXX earns income from an investment which utilizes debt- financing or which is derived from a business regarded as not related to the exempt purpose of your Xxxx XXX, that income is called unrelated business taxable income (“UBTI”) and may be subject to taxation if it is in excess of permitted deductions. We have no responsibility for determining whether an investment made in your Xxxx XXX Account earned income that may be considered unrelated business taxable income which is subject to this federal income tax. Rather, it is your responsibility to file the required Form 990-T when such unrelated business taxable income is earned.
(b) In the event that your Xxxx XXX earns unrelated business taxable income in excess of the $1,000 exclusion (as that amount may be adjusted under the Code) for any taxable year, you agree to prepare or have prepared the required Form 990-T tax return, an application for employer identification number (if not previously obtained), any other documents that may be required and to file these forms with the Internal Revenue Service and pay the applicable unrelated business income tax from your Xxxx XXX. Additionally, if requested by us, you agree to: (i) send us documentation which evidences that the investments in your Xxxx XXX Account did not earn unrelated business taxable income; (ii) provide evidence of the filing of the required Form 990-T for such tax; or (iii) authorize us to prepare the tax for you. Should you fail to provide us with such requested documentation within the time proscribed by us, you may be subject to a Late Documentation Fee as set forth on the Fee Schedule.
UNRELATED BUSINESS TAXABLE INCOME (UBTI. (a) Since your Xxxx XXX is a tax-exempt organization under federal tax law, if your Xxxx XXX earns income from an investment which utilizes debt- financing or which is derived from a business regarded as not related to the exempt purpose of your Xxxx XXX, that income is called unrelated business taxable income (“UBTI”) and may be subject to taxation if it is in excess of permitted deductions. We have no responsibility for determining whether an investment made in your Xxxx XXX Account earned income that may be considered unrelated business taxable income which is subject to this federal income tax. Rather, it is your responsibility to file the required Form 990-T when such unrelated business taxable income is earned.
UNRELATED BUSINESS TAXABLE INCOME (UBTI. If you direct your SIMPLE IRA to be invested in securities which result in unrelated business taxable income, it will be your respon- sibility to prepare and file any required tax returns for the account. The tax returns will be prepared at the SIMPLE XXX xxxxxx’x ex- xxxxx. Any taxes due will be paid out of the SIMPLE IRA account. Limited Partnerships are an example of a security which may result in unrelated business taxable income. 1100A (Rev. 10/2014) (5/2015)
UNRELATED BUSINESS TAXABLE INCOME (UBTI. (a) Since your HSA is a tax-exempt organization under federal tax law, if your HSA earns income from an investment which utilizes debt-financing or which is derived from a business regarded as not related to the exempt purpose of your HSA, that income is called unrelated business taxable income (“UBTI”) and may be subject to taxation if it is in excess of permitted deductions. We have no responsibility for determining whether an investment made in your HSA earned income that may be considered unrelated business taxable income which is subject to this federal income tax. Rather, it is your responsibility to file the required Form 990-T when such unrelated business taxable income is earned.
