Written Election. At the time you make a proper rollover to an XXX, you must designate in writing to the custodian, Apex Clearing, your election to treat that contribution as a rollover. Once made, the rollover election is irrevocable. Deposits in excess of the annual contribution limits that are received without XXX Contribution Forms will be deposited and reported to the IRS as Rollover contributions. Please note that due to the IRS mandated correction filing deadline of July 31, requests to make changes to contribution coding must be received by the close of business on the 2nd Friday in July and accompanied by a completed XXX Contribution Form. Any correction that needs to be made after this reporting deadline will be the responsibility of the XXX Owner and must be handled directly with the IRS.
Appears in 5 contracts
Samples: Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement, Individual Retirement Custodial Account Agreement
