Common use of Purpose of Form Clause in Contracts

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of section 408(a) and has been pre-approved by the IRS. A Traditional individual retirement account (Traditional IRA) is established after the form is fully executed by both the individual (Depositor) and the Custodian and must be completed no later than the due date of the individual's income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the Depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs including the required disclosures the Custodian must give the Depositor, see Pub. 590, Individual Retirement Arrangements (IRAs).

Appears in 6 contracts

Samples: aristotlefunds.com, iqr.acr-investfunds.com, s3.amazonaws.com

AutoNDA by SimpleDocs

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of section 408(a) and has been pre-approved by the IRS. A Traditional individual retirement account (Traditional IRA) is established after the form is fully executed by both the individual (Depositor) and the Custodian and must be completed no later than the due date of the individual's income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the Depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs including the required disclosures the Custodian must give the Depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Pub. 590-B, Distributions From Individual Retirement Arrangements (IRAs).

Appears in 6 contracts

Samples: www.marsicofunds.com, static1.squarespace.com, www.silverpepperfunds.com

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of section 408(a) and has been pre-approved by the IRS. A Traditional individual retirement account (Traditional IRAXXX) is established after the form is fully executed by both the individual (Depositor) and the Custodian and must be completed no later than the due date of the individual's income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the Depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs including the required disclosures the Custodian must give the Depositor, see Pub. 590, Individual Retirement Arrangements (IRAs).

Appears in 2 contracts

Samples: www-us.computershare.com, www-us.computershare.com

Purpose of Form. Form 5305-A is a model Custodial Account Agreement custodial account agreement that meets the requirements of section Section 408(a) and has been pre-approved by the IRS. A Traditional individual retirement account (Traditional IRA) is established after the form is fully executed by both the individual (Depositordepositor) and the Custodian custodian and must be completed no later than the due date (excluding extensions) of the individual's ’s income tax return for the tax year (excluding extensions)year. This account must be created in the United States for the exclusive benefit of the Depositor depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs IRAs, including the required disclosures the Custodian custodian must give the Depositordepositor, see Pub. 590, Individual Retirement Arrangements (IRAs).

Appears in 1 contract

Samples: www.stifel.com

AutoNDA by SimpleDocs

Purpose of Form. Form 5305-A is a model Custodial Account Agreement that meets the requirements of section 408(a) and has been pre-approved by the IRS. A Traditional individual retirement account (Traditional IRAXXX) is established after the form is fully executed by both the individual (Depositor) and the Custodian and must be completed no later than the due date of the individual's income tax return for the tax year (excluding extensions). This account must be created in the United States for the exclusive benefit of the Depositor and his or her beneficiaries. Do not file Form 5305-A with the IRS. Instead, keep it with your records. For more information on IRAs including the required disclosures the Custodian must give the Depositor, see Pub. 590-A, Contributions to Individual Retirement Arrangements (IRAs) and Pub. 590-B, Distributions From Individual Retirement Arrangements (IRAs).

Appears in 1 contract

Samples: www-us.computershare.com

Time is Money Join Law Insider Premium to draft better contracts faster.