PENALTY REPORTING. The Designated Beneficiary must file form 5329 with the Internal Revenue Service to report and remit any penalties for excise taxes.
Appears in 4 contracts
Sources: Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement, Custodial Education Savings Account Agreement
PENALTY REPORTING. The Designated Beneficiary must file form 5329 with the Internal Revenue Service to report and remit any penalties for excise taxes.. OTHER
Appears in 2 contracts
Sources: Wealth Management Agreement, Coverdell Education Savings Custodial Agreement