Common use of Prohibited Transactions Clause in Contracts

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary beneficiary(ies) engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred tax‐deferred or tax-exempt tax‐exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you must generally must include the value of the earnings in your account in your gross income for that the taxable yearyear you engage in the prohibited transaction. The following transactions are examples of prohibited transactions with your Xxxx XXX. : (1) Taking taking a loan from your Xxxx XXX XXX; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-tax- deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. : (1) Taking taking a loan from your Xxxx XXX XXX, (2) Buying buying property for personal use (present or future) with Xxxx XXX assets assets, and (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt tax‐deferred status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx SIMPLE XXX, as described in IRC Sec. 4975, your Xxxx SIMPLE XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx SIMPLE XXX. (1) Taking a loan from your Xxxx SIMPLE XXX (2) Buying property for personal use (present or future) with Xxxx SIMPLE XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx SIMPLE XXX.

Prohibited Transactions. If you or your beneficiary beneficiary(ies) engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your ofyour Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-tax- exempt status, and you must generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. : (1) Taking taking a loan from your Xxxx XXX XXX; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage engages in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you must generally must include the value of the earnings in your account Account in your gross income for that the taxable yearyear you engage in the prohibited transaction. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX IRA; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. (1) Taking a loan from your Xxxx XXX (2) Buying property for personal use (present or future) with Xxxx XXX assets (3) Receiving certain bonuses or premiums because of your Xxxx XXX.XXX.‌‌‌‌‌‌‌‌‌

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. : (1) Taking taking a loan from your Xxxx XXX XXX, (2) Buying buying property for personal use (present or future) with Xxxx XXX assets assets, and (3) Receiving receiv- ing certain bonuses or premiums because of your Xxxx XXX.

Prohibited Transactions. If you or your beneficiary engage in a prohibited transaction with your Xxxx XXX, as described in IRC Sec. Code section 4975, your Xxxx XXX will lose its tax-deferred or tax-exempt status, and you must generally must include the value of the earnings in your account in your gross income for that taxable year. The following transactions are examples of prohibited transactions with your Xxxx XXX. : (1) Taking taking a loan from your Xxxx XXX XXX; (2) Buying buying property for personal use (present or future) with Xxxx XXX assets funds; or (3) Receiving receiving certain bonuses or premiums because of your Xxxx XXX.