Common use of Excess Contributions Clause in Contracts

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA Xxxx XXX that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA XXX that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA the Xxxxxxxxx ESA that exceeds the amount that you are eligible to contributecontribution limit. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon on the excess amount. The procedure for correcting an the excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by You must file IRS Form 5329 along with your income tax return to report and remit any additional taxes to the timeliness of the correction as identified belowIRS.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.additional

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined de- termined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA XXX that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an any excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA XXX that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent 6% will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.,

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.:

Excess Contributions. An Generally an excess IRA contribution is any contribution which exceeds the contribution limits, and such excess contribution is any subject to a 6% excise tax penalty on the principal amount that is contributed to your IRA that exceeds of the amount that you are eligible to contribute. If excess each year until the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified belowcorrected.

Excess Contributions. An excess contribution is any amount that is contributed to your SEP IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness of the correction as identified below.

Excess Contributions. An excess contribution is any amount that is contributed to your IRA that exceeds the amount that you are eligible to contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed upon the excess amount. The procedure for correcting an excess is determined by the timeliness time- lines of the correction as identified below.