Sentences with phrase «payments are subject to penalty»

Cancellation made after payments are subject to penalty fees.

Not exact matches

«Many taxpayers first learn they are subject to the AMT only after preparing their returns, when it is too late to increase their withholding or estimated tax payments,» Olson wrote, which may result in unanticipated penalties.

Eventually, non-filers who owe taxes will be subject to additional penalties, notes Intuit, and in some cases even criminal prosecution: «Delinquent taxpayers who owe more than $ 25,000 will eventually receive a visit from an IRS representative to collect payment.»

(If you're subject to both late - filing and late - payment penalties in a given month, the maximum total penalty for that period would be 5 percent of unpaid taxes.)

In other words, if you miss a payment by a day or two, you won't be subject to the penalty.

Withdrawals and payments from annuities also may be subject to income tax and, if taken prior to age 59 1/2, an additional 10 percent IRS tax penalty may apply.

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

The Education Practices Commission may suspend the educator certificate of any person as defined in s. 1012.01 (2) or (3) for up to 5 years, thereby denying that person the right to teach or otherwise be employed by a district school board or public school in any capacity requiring direct contact with students for that period of time, after which the holder may return to teaching as provided in subsection (4); may revoke the educator certificate of any person, thereby denying that person the right to teach or otherwise be employed by a district school board or public school in any capacity requiring direct contact with students for up to 10 years, with reinstatement subject to the provisions of subsection (4); may revoke permanently the educator certificate of any person thereby denying that person the right to teach or otherwise be employed by a district school board or public school in any capacity requiring direct contact with students; may suspend the educator certificate, upon an order of the court or notice by the Department of Revenue relating to the payment of child support; or may impose any other penalty provided by law, if the person:

Penalty for False Information Any person, including any District of Columbia public school or public charter school official, who knowingly supplies false information to a public official shall be subject to payment of fine of not more than $ 500, or imprisonment for not more than 90 days, or any combination thereof.

footnote ** IRA distributions received before you're age 59 1/2 may not be subject to the 10 % federal penalty tax if the distribution is due to your disability or death; is distributed by a reservist who was ordered or called to active duty after September 11, 2001, for more than 179 days; or is for a first - time home purchase (lifetime maximum: $ 10,000), postsecondary education expenses, substantially equal periodic payments taken under IRS guidelines, certain unreimbursed medical expenses, an IRS levy on the IRA, or health insurance premiums (after you've received at least 12 consecutive weeks of unemployment compensation).

If you fail to make at least your minimum payment within 60 days after its due date, subject to advance notice requirements required by law, your APR will be increased to the Penalty Rate (also known as the «default rate,» or «default APR») as disclosed on the then - current Rates and Fees Table.

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

With late payments and returned payments, you may also be subject to penalty fees.

Otherwise, these withdrawals of earnings are subject to ordinary income tax and the 10 % federal income tax penalty (with certain exceptions including death, disability, unreimbursed medical expenses in excess of 10 % of adjusted gross income, higher - education expenses the purchase of a first home ($ 10,000 lifetime cap) substantially equal periodic payments, and qualified reservist distributions).

They were shocked to discover that the redeposit was considered a double payment and subject to a hefty tax penalty.

If you transfer all or any portion of the payment (s) to an IRA or other eligible retirement plan, the amount transferred is not taxable income when it is transferred (it becomes taxable income when it is disbursed from the plan to which it was transferred) and, consequently, is not subject to early withdrawal penalty tax.

If you file your return within the extension period but do not pay the full balance of tax due with your return, the balance due will be subject to a late payment penalty of 6 % per month from the date of filing through the date of payment, to a maximum of 30 %.

In addition, if you retire before the year in which you reach age 55 and receive a direct single payment or monthly payments determined by dollar amount or number of months before you reach age 59, the payment (s) will be subject to the Internal Revenue Service 10 % early withdrawal penalty tax.

If you receive a TSP annuity, or monthly payments computed by your life expectancy, the payments are not subject to the early withdrawal penalty.

Estimated taxes must be paid quarterly: if you skip a payment or pay late, you may be subject to a penalty.

Each fund will be required in certain cases to withhold at the applicable withholding rate and remit to the U.S. Treasury the withheld amount of taxable dividends and redemption proceeds paid to any shareholder who (1) fails to provide a correct taxpayer identification number certified under penalty of perjury; (2) is subject to withholding by the Internal Revenue Service for failure to properly report all payments of interest or dividends; (3) fails to provide a certified statement that he or she is not subject to «backup withholding;» or (4) fails to provide a certified statement that he or she is a U.S. person (including a U.S. resident alien).

Coverage for pre-existing conditions is included with our Premium plan, but coverage must be bought prior to or within 24 hours of the final trip payment, travelers must be medically able to travel at the time the coverage is purchased and they must insure 100 % of their pre-paid trip costs that would be subject to cancellation penalties or restrictions.

In order to qualify for coverage for pre-existing medical conditions, the plan must be bought prior to or within 24 hours of the final trip payment, travelers must be medically able to travel at the time the plan is purchased and all prepaid trip costs that are subject to cancellation penalties or restrictions must be insured.

Making any payments after the April 17 deadline are subject to additional interest and penalties that can erase any additional rewards after you pay the processing fee.

If you purchase our Premium plan you can qualify for coverage for pre-existing medical conditions, as long as the travel protection plan is purchased prior to or within 24 hours of your final trip payment, you are medically able to travel at the time the plan is purchased, and all prepaid trip costs that are subject to cancellation penalties or restrictions have been insured.

if your minimum payment is not received within 60 days, your entire account is subject to change to the non-variable penalty APR..

In addition, account holders may be subject to balance transfer fees for importing funds from one card to another, and penalty fees if payments aren't on time — more big revenue streams for card companies.

Your friend MAY have an argument that he could move out and not be subject to penalty for breaking the lease because the payment terms changed.

The penalty for early termination of a fixed - term agreement is presumptively payment through the unexpired term of the contract or such smaller amount as the parties may agree to, subject to employment standards laws.

«Trip Cost» means the dollar amount of Trip payments or deposits reflected on any required enrollment form which are subject to cancellation penalties or restrictions paid by the Insured prior to the Insured's Trip Departure Date.

you insure 100 % of all prepaid Covered Trip costs that are subject to cancellation penalties or restrictions; and also insure within 30 days of the payment for those arrangements the cost of any subsequent arrangements added to your Covered Trip; and 3.

Withdrawals and payments from annuities also may be subject to income tax and, if taken prior to age 59 1/2, an additional 10 percent IRS tax penalty may apply.

If you purchase our Premium plan you can qualify for coverage for pre-existing medical conditions, as long as the travel protection plan is purchased prior to or within 24 hours of your final trip payment, you are medically able to travel at the time the plan is purchased, and all prepaid trip costs that are subject to cancellation penalties or restrictions have been insured.

Substantially equal payments: If your IRA distribution is part of a series of substantially equal periodic (not less frequently than annually) payments made for your life (or life expectancy) or the joint lives (or joint life expectancies) of you and your designated beneficiary, the withdrawal is generally not subject to the 10 % tax penalty.

In order to qualify for coverage for pre-existing medical conditions, the plan must be bought prior to or within 24 hours of the final trip payment, travelers must be medically able to travel at the time the plan is purchased and all prepaid trip costs that are subject to cancellation penalties or restrictions must be insured.

* You can qualify for pre-existing medication conditions coverage as long as the travel protection plan is purchased prior to or within 24 hours of your final trip payment, you are medically able to travel at the time the plan is purchased and all prepaid trip costs that are subject to cancellation penalties or restrictions have been insured.

Coverage for pre-existing conditions is included with our Premium plan, but coverage must be bought prior to or within 24 hours of the final trip payment, travelers must be medically able to travel at the time the coverage is purchased and they must insure 100 % of their pre-paid trip costs that would be subject to cancellation penalties or restrictions.

Had Gemini and / or Coinbase accepted Ripple's payment to list the cryptocurrency, they would also be subject to a steep penalty.

If your divorce decree requires you to assume all financial burden for the house and car that you were awarded in the divorce and you fail to make your payments or take him off the deed and title, you may be held in contempt of court and subject to penalties, including fines and even jail time.

The payments must continue or if you stop them all previous payments are subject to the 10 % penalty.

Further, if you reduce your fourth - quarter payment to prevent overpaying, you may lose the penalty protection provided by using the short method technique and be subject to a penalty for one of the previous quarters where you earned income requiring a higher estimated tax payment than was made.

You need to make sure you'll have the cash flow to meet those loan payments or the entire unpaid balance will be deemed an early distribution, subject to taxes and penalties.

Prepayment: payment of the mortgage loan before the scheduled due date; may be Subject to a prepayment penalty.