Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇▇▇▇▇ ESA that exceeds the eligible contribution limit. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on the excess amount. The procedure for correcting the excess is determined by the timeliness of the correction as identified below.
Appears in 20 contracts
Sources: Coverdell Education Savings Account Custodial Agreement, Coverdell Education Savings Account Custodial Account Agreement, Coverdell Education Savings Account Custodial Account Agreement
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇▇your ▇▇▇ ESA that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on upon the excess amount. The procedure for correcting the an excess is determined by the timeliness of the correction as identified below.
Appears in 19 contracts
Sources: Traditional Individual Retirement Account Custodial Agreement, Individual Ira or Sep Account Application & Agreement, Individual Retirement Custodial Account Agreement
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇▇your ▇▇▇ ESA that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on upon the excess amount. The procedure for correcting the any excess is determined by the timeliness of the correction as identified below.
Appears in 3 contracts
Sources: Ira Plan Agreement, Ira Plan Agreement, Ira Plan Agreement
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇▇your ▇▇▇ ESA that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent 6% will be imposed on upon the excess amount. The procedure for correcting the an excess is determined by the timeliness of the correction as identified below.
Appears in 2 contracts
Sources: Client Relationship Agreement, Client Relationship Agreement
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇your ▇▇▇▇ ESA ▇▇▇ that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on upon the excess amount. The procedure for correcting the an excess is determined deter- mined by the timeliness of the correction as identified below.
Appears in 2 contracts
Sources: Roth Individual Retirement Account Agreement, Roth Ira Custodial Agreement
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇your ▇▇▇▇ ESA ▇▇▇ that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on upon the excess amount. The procedure for correcting the any excess is determined by the timeliness of the correction as identified below.
Appears in 2 contracts
Excess Contributions. An excess contribution is any amount that is contributed to the ▇▇▇▇▇your ▇▇▇▇ ESA ▇▇▇ that exceeds the amount that you are eligible contribution limitto contribute. If the excess is not corrected timely, an additional penalty tax of six percent will be imposed on upon the excess amount. The procedure for correcting the an excess is determined by the timeliness of the correction as identified below.:
Appears in 1 contract
Sources: Roth Individual Retirement Account Custodial Agreement