Examples of Nonqualified withdrawal in a sentence

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.
An Accounto Owner may make a Nonqualified withdrawal in accordance with the terms of the then current Program Description subject to any applicable federal and/or state income tax and any penalty or additional tax imposed by federal tax law or state law, as set forth in the then current Program Description.
An Account Owner 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.
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However, stakeholders said the Exposure Draft included insufficient guidance to illustrate how the model would interact with IFRIC 12.

More Definitions of Nonqualified withdrawal

Nonqualified withdrawal means a withdrawal from an

Nonqualified withdrawal means a withdrawal from the account that is not:

Nonqualified withdrawal means a withdrawal from an account other than a qualified withdrawal, a withdrawal made as the result of the death or disability of the designated beneficiary of an account, a withdrawal made as a result of the beneficiary's receipt of a scholarship, or a rollover or change of designated beneficiary.

Nonqualified withdrawal means any withdrawal that does not meet the requirements of being a qualified withdrawal or a rollover. Expenses will not be qualified disability expenses if they are incurred at a time when an account owner is not an eligible individual.

Nonqualified withdrawal means a with- drawal from an account that is not a qualified with- drawal.

Nonqualified withdrawal means a withdrawal from an account that is not a qualified withdrawal or a qualified rollover.

Nonqualified withdrawal means a withdrawal from an account other than one of the following: