Qualified withdrawal definition

Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.

Qualified withdrawal means a distribution that is not subject to a penalty or an excise tax under section 529 of the internal revenue code, a penalty under this act, or taxation under the income tax act of 1967, 1967 PA 281, MCL 206.1 to 206.532, and that meets any of the following:

Qualified withdrawal means a distribution that is not subject to a penalty or an excise tax under section 529A of the internal revenue code or taxation under the income tax act of 1967, 1967 PA 281, MCL

Examples of Qualified withdrawal in a sentence

• Issuance of the final written decision triggers a right of appeal to the CAFC.

• An Account Oowner making a Withdrawal shall have the sole obligation to (i) determine whether the Withdrawal is a Qualified withdrawal or a Nonqualified withdrawal; (ii) make any required report to the Internal Revenue Service and any applicable state tax authority regarding the Withdrawal and the amounts of any earnings included therein; and (iii) pay any applicable federal or state income taxes or penalty taxes that may apply.

• Qualified withdrawal" means a withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account.

• Qualified withdrawal" means a withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account.(15) "Trust" means the family education savings trust established by [section 1].

• The share of open procedure from the total number of public contracts is ap- proximately 70%, while other types of procedures are represented to a limited extent.

More Definitions of Qualified withdrawal

Qualified withdrawal means a withdrawal from an account to

Qualified withdrawal means a withdrawal made as prescribed under ORS 178.355 and

Qualified withdrawal means a withdrawal from an account

Qualified withdrawal or "qualified distribution" means a

Qualified withdrawal means a withdrawal from an account to pay the qualified higher

Qualified withdrawal means a withdrawal from an account that is not subject to a penalty under this act or taxation under the income tax act of 1967, 1967 PA 281, MCL 206.1 to 206.713, and that is a withdrawal from an account that is made at least 1 year after the account was opened and designated as a first-time home buyer savings account and the withdrawal is used to pay the eligible costs of the qualified beneficiary incurred at least 1 year after the account is designated.

Qualified withdrawal means a withdrawal made as prescribed under ORS 348.870 and made: