Qualified Birth or Adoption Distributions Sample Clauses

Qualified Birth or Adoption Distributions. If you have taken a qualified birth or adoption distribution, you may generally pay all or a portion of the aggregate amount of such distribution to an IRA at any time during the three-year period beginning on the day after the date on which such distributions was received. In the case of a qualified birth or adoption distribution made on or before December 29, 2022, the deadline to repay the distribution is December 31, 2025.
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Qualified Birth or Adoption Distributions. If you have taken a qualified birth or adoption distribution, you may generally pay all or a portion of the aggregate amount of such distribution to a Xxxx XXX at any time during the three-year period beginning on the day after the date on which such distributions was received. In the case of a qualified birth or adoption distribution made on or before December 29, 2022, the deadline to repay the distribution is December 31, 2025.
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Qualified Birth or Adoption Distributions. If you receive a qualified birth or adoption distribution (as defined in Code section 72(t)(2)(H)), you may contribute all or part of the distribution to this XXX. Federally-Declared Disaster Distributions. The Depositor may make additional contributions specifically authorized by statute such as repayments of certain plan or XXX distributions made on account of a federally declared disaster. For example, if you receive a distribution under the Consolidated Appropriations Act of 2021, provided for FEMA declared disasters (other than COVID-19) from January 1, 2020 through 60 days after enactment of the Act (i.e., Feb. 25, 2021) and applicable to distributions made through 180 days after enactment, you may contribute all or part of the distribution to this XXX. You must make the contribution within three years from the date the distribution was received. The amount is treated as a rollover contribution and you will not owe federal income tax on the distribution.
Sample 1
Qualified Birth or Adoption Distributions. If you receive a qualified birth or adoption distribution (as defined in Code section 72(t)(2)(H)), you may contribute all or part of the distribution to this XXX. Federally-Declared Disaster Distributions. The Depositor may make additional contributions specifically authorized by statute such as repayments of certain plan or XXX distributions made on account of a federally declared disaster. For example, if you receive a distribution under the Consolidated Appropriations Act of 2021, provided for FEMA declared disasters (other than COVID-19) from January 1, 2020 through 60 days after enactment of the Act (i.e., Feb. 25, 2021) and applicable to distributions made through 180 days after enactment, you may contribute all or part of the distribution to this XXX. You must make the contribution within three years from the date the distribution was received. The amount is treated as a rollover contribution and you will not owe federal income tax on the distribution. Due to the complexity of the requirements applicable to rollover, conversion and reconversion contributions, it is recommended that you consult with your tax advisor or attorney and/or review IRS Publication 590-A for more guidance. RECHARACTERIZATION CONTRIBUTIONS
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Qualified Birth or Adoption Distributions. (a) A Participant’s Account may be distributed on or after January 1, 2020 as a qualified birth or adoption distribution. A qualified birth or adoption distribution is any distribution of up to $5,000 (or such other amount as may be announced by the Internal Revenue Service in generally applicable guidance) from the Plan to a Participant if made during the one-year period beginning on the date the child of the Participant is born or the legal adoption by the Participant of an eligible adoptee is finalized. A distribution of up to $5,000 (or such other amount as may be announced by the Internal Revenue Service in generally applicable guidance) for each child can be made with respect to multiple births and adoptions if the distribution is made within the one-year period following the date on which the children are born, or the adoptions are finalized. An eligible adoptee is defined as any individual who either: (1) has not attained age 18, or (2) is physically or mentally incapable of self-support. An individual is physically or mentally incapable of self- support if they are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or to be of long continued and indefinite duration, as supported by medical evidence. Absent actual knowledge to the contrary, the Board may accept the Participant’s certification that any requested distribution under this Section satisfies the above-described criteria.
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Related to Qualified Birth or Adoption Distributions

  • Repayment of Qualified Birth or Adoption Distribution If you have taken a qualified birth or adoption distribution, you may generally repay all or a portion of the aggregate amount of such distribution to an IRA, as permitted by the IRS. For further information, you may wish to obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), by visiting xxx.xxx.xxx on the Internet.

  • Qualified Charitable Distributions If you are age 70½ or older, you may take tax-free Xxxx XXX distributions of up to $100,000 per year and have these distributions paid directly to certain charitable organizations. Special tax rules may apply. For further detailed information and effective dates you may obtain IRS Publication 590-B, Distributions from Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.

  • User Contributions The Website may contain message boards, chat rooms, personal web pages or profiles, forums, bulletin boards, and other interactive features (collectively, "Interactive Services") that allow users to post, submit, publish, display, or transmit to other users or other persons (hereinafter, "post") content or materials (collectively, "User Contributions") on or through the Website. All User Contributions must comply with these Terms of Use. Any User Contribution you post to the site will be considered non-confidential and non- proprietary. By providing any User Contribution on the Website, you grant us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns the right to use, reproduce, modify, perform, display, distribute, and otherwise disclose to third parties any such material. You represent and warrant that: • You own or control all rights in and to the User Contributions and have the right to grant the license granted above to us and our affiliates and service providers, and each of their and our respective licensees, successors, and assigns. • All of your User Contributions do and will comply with these Terms of Use. You understand and acknowledge that you are responsible for any User Contributions you submit or contribute, and you, not the Company, have full responsibility for such content, including its legality, reliability, accuracy, and appropriateness. We are not responsible or liable to any third party for the content or accuracy of any User Contributions posted by you or any other user of the Website.

  • Qualified Reservist Distributions If you are a qualified reservist member called to active duty for more than 179 days or an indefinite period, the payments you take from your IRA during the active duty period are not subject to the 10 percent early distribution penalty tax. 10) Qualified birth or adoption. Payments from your IRA for the birth of your child or the adoption of an eligible adoptee will not be subject to the 10 percent early distribution penalty tax if the distribution is taken during the one-year period beginning on the date of birth of your child or the date on which your legal adoption of an eligible adoptee is finalized. An eligible adoptee means any individual (other than your spouse’s child) who has not attained age 18 or is physically or mentally incapable of self-support. The aggregate amount you may take for this reason may not exceed $5,000 for each birth or adoption. You must file IRS Form 5329 along with your income tax return to the IRS to report and remit any additional taxes or to claim a penalty tax exception.

  • Unbundled Sub-Loop Distribution Intrabuilding Network Cable (USLD-INC) is the distribution facility owned or controlled by BellSouth inside a building or between buildings on the same property that is not separated by a public street or road. USLD-INC includes the facility from the cross connect device in the building equipment room up to and including the point of demarcation at the End User’s premises.

  • Primary Distribution Discount Notes shall be issued and settled through the Fed Book-Entry System in same-day funds and shall be held by designated Fed Participants. After initial issue, all Discount Notes shall continue to be held by such Fed Participants in the Fed Book-Entry System unless arrangements are made for the transfer thereof to other Fed Participants. Discount Notes shall not be exchangeable for definitive Discount Notes.

  • When Must Distributions from a Traditional IRA Begin You must begin receiving the assets in your account no later than April 1 following the calendar year in which you reach RMD age.

  • Contract Distribution The Employer will provide all current and new employees with a link to the new Agreement. Each department or unit will maintain a paper copy of the contract accessible to all employees.

  • When Must Distributions from a Xxxxxxxxx Education Savings Account Begin? Distribution of a Xxxxxxxxx Education Savings Account must be made (or otherwise will be deemed made) no later than 30 days from the earlier of the beneficiary’s death or attainment of age 30. A distribution from a Xxxxxxxxx Education Savings Account may be rolled over to another beneficiary’s Xxxxxxxxx Education Savings Account according to the requirements of Section (4). Note that the Economic Growth and Tax Relief Reconciliation Act of 2001 waives the distribution age limitation if the beneficiary of the Xxxxxxxxx Education Savings Account is a “Special Needs” student.

  • Employer Contribution (a) An Employer contribution for health and dental benefits will only be made for each active employee who has at least eighty (80) paid regular hours in a month and who is eligible for medical insurance coverage, unless otherwise required by law.

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