Sentences with phrase «federal penalty unless»

Not exact matches

Payments taken before age 59 1/2 also may be subject to a 10 % federal penalty tax, unless an exception applies.

Payments taken before age 59 1/2 also may be subject to a 10 % federal penalty tax, unless an exception applies.

Withdrawals before age 59 1/2 are subject to income taxes plus a federal penalty for premature distributions, unless the withdrawal meets criteria

Withdrawals made before age 59 1/2 may be subject to a 10 % federal income tax penalty unless a qualifying event occurs, such as death or disability.

Distributions from traditional IRAs and most employer - sponsored retirement plans are taxed as ordinary income, except for any after - tax contributions you've made, and the taxable portion may be subject to 10 % federal income tax penalty if taken prior to reaching age 59 1/2 (unless an exception applies).

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD / FHA or VA requirements a written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement Lender, setting forth the appraised value of the property of not less than $.

IRS regulations require me to advise you that, unless otherwise specifically noted, any federal tax advice in this communication was not intended or written to be used, and it can not be used, by any taxpayer for the purpose of avoiding penalties; furthermore, this communication was not intended or written to support the promotion or marketing of any of the transactions or matters it addresses.

UNLESS YOU PURCHASE A PLAN THAT PROVIDES MINIMUM ESSENTIAL COVERAGE IN ACCORDANCE WITH THE ACA, YOU MAY BE SUBJECT TO A FEDERAL TAX PENALTY.

Though health insurance is currently mandated by the federal government unless you want to pay a penalty at tax time, having the bare minimum required by law likely won't be enough to ensure sufficient coverage.

TO COMPLY WITH CERTAIN U.S. TREASURY REGULATIONS, WE INFORM YOU THAT, UNLESS EXPRESSLY STATED OTHERWISE, ANY U.S. FEDERAL TAX ADVICE CONTAINED IN THE TEXT OF THIS COMMUNICATION, IS NOT INTENDED OR WRITTEN TO BE USED, AND CAN NOT BE USED, BY ANY PERSON FOR THE PURPOSE OF AVOIDING ANY PENALTIES THAT MAY BE IMPOSED UNDER THE INTERNAL REVENUE CODE.