Sentences with phrase «paying substantial penalties»

That's right, if little Johnny decides he doesn't want to go to college and instead use his 529 fund to buy a new car, he can't do so without your consent (and paying substantial penalties for non qualified expenses).

Not exact matches

CEC will pay $ 9.25 million in restitution to students, a $ 1million penalty, and has agreed to substantial changes in how the company calculates and verifies placement rates.

It may not seem like a large amount on a month on month basis, but calculated on an annualized rate of interest it can work out to be a substantial amount, that you will be required to pay as a penalty.

In either case, you're likely paying substantial monthly penalties, so you need first to direct as much spare cash as possible to those accounts to get those pounding penalties turned off.

Your interest rate is typically lowered as well, usually by a substantial amount if you were paying a penalty rate.

If the conversion is substantial, you may wish to speak with your tax person and determine if you should pay estimated taxes so that you can escape tax penalties.

Further, by having all funds tied up in RRIFs, there are substantial penalties involved in making funds available to pay down debt or finance a change in living arrangements.

Make your monthly investments when you pay your other bills, and treat them as if they had a substantial late - payment penalty.

That means if you fail to pay the balance on time, the penalties you suffer in higher interest rates and fees can be substantial.

Any failure to properly withhold and timely pay is a serious violation of tax code and authorizes the IRS to forcibly collect the tax due and levy substantial penalties and accrued interest.

As a result of trying to avoid treating at - home workers as employees, Rosen indicates that background screening firms can potentially face liability for federal and state payroll taxes that should have been paid for misclassified workers, substantial penalties to the IRS or state, fees and damages if litigation is involved, and responsibility for benefits and overtime pay the independant contractors would have received if classified as employees.

As a result of trying to avoid treating at - home workers as employees, Rosen indicates that background screening firms can potentially face liability for federal and state payroll taxes that should have been paid for misclassified workers, substantial penalties to the IRS or state, fees and damages if litigation is involved, and responsibility for benefits and overtime pay the independent contractors would have received if classified as employees.