Sentences with phrase «contributions by the due date»

I understand also that we can remove those excess contributions by the due date to avoid the penalty.

Not exact matches

Contributions for employees aged 75 and over must be paid by the quarterly due date to be deductible.

You make the withdrawal by the due date, including extensions, of your 2013 tax return (but see the Note under Excess Employer Contributions, later),

For SG contributions due on Wednesday 28 October, the employer must send the contribution payments and information to the clearing house on Monday 19 October (eight business days before the SG due date) to allow sufficient time for the contributions to be processed and forwarded to the super funds by the SG due date.

2) You can make contributions to a Roth IRA for a year at any time during the year or by the due date of your return for that year.

In fact, when you figure the credit you have to reduce your eligible contributions by the amount of distributions you received during a «testing period» consisting of the year for which you're claiming the credit, the period after the end of that year until the due date (including extensions) of your tax return for that year, and the two years before that year.

7) If you withdraw contributions (including any net earnings on the contributions) by the due date of your return for the year in which you made the contribution, the contributions are treated as if you never made them.

Since you filed your tax return by the due date, you receive an automatic extension of six months to recharacterize your last - year's IRA contribution.

If you are located in a disaster affected area, or are directly impacted by a natural disaster, we understand you may be unable to make your quarterly super guarantee contributions payments by the due date.

Excess contributions If you contribute more than the allowable amount for a given tax year (excess contribution) to your IRA or make an improper rollover (which are deemed to be regular contributions), you must withdraw the excess along with any earnings by the due date of your tax return, including extensions.

Contributions for the 2017 tax year are due by April 17, 2018, but you can extend the contribution deadline to October 15, 2018 if you extend the due date of your return.

Due date for contribution can be the 1st of every month or any other day of the month as opted by subscriber.