Qualified withdrawal definition

Qualified withdrawal means a withdrawal from an account to pay the qualified disability expenses of the designated beneficiary of the account.
Qualified withdrawal means a distribution that is not subject to a penalty or an excise tax under section 529 of the internal revenue code, a penalty under this act, or taxation under the income tax act of 1967, 1967 PA 281, MCL 206.1 to 206.532, and that meets any of the following:
Qualified withdrawal means a distribution that is not subject to a penalty or an excise tax under section 529A of the internal revenue code or taxation under the income tax act of 1967, 1967 PA 281, MCL

Examples of Qualified withdrawal in a sentence

  • From Figure 4.16(b), one can see the identification of each sensor with a square beside it filled with the colour associated to that particular sensor.

  • Risk of tension in the approaching round of collective bargainingThe interviews also included a question on what the companies think the result of this year’s round of collective bargaining will be.

  • The Group’s interest in Central Park Fund 1 is accounted for using the equity method in the financial statements.

  • 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.

  • Qualified withdrawal" means a withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account.(15) "Trust" means the family education savings trust established by [section 1].


More Definitions of Qualified withdrawal

Qualified withdrawal means a withdrawal from an account to
Qualified withdrawal means a withdrawal from an account
Qualified withdrawal means a withdrawal made as prescribed under ORS 178.355 and
Qualified withdrawal or "qualified distribution" means a
Qualified withdrawal means a withdrawal from an account to pay the qualified higher
Qualified withdrawal means a withdrawal made as prescribed under ORS 348.870 and made:
Qualified withdrawal means a withdrawal from an account to pay the qualified higher education expenses of the designated beneficiary of the account, but only if the withdrawal is made in accordance with this act.