Sentences with phrase «rollover amount»

The term "rollover amount" refers to the leftover or remaining balance of something that is carried over or transferred to the next period or cycle. Full definition
As a result, some of these same counties, including those with the largest rollover amounts, have begun PR campaigns to say how the loss in funding hurts children and families.
Next come conversion or rollover amounts followed by earnings on your contributions — which could be assessed penalties if not a qualified distribution.
You can rollover any amount as often as you want in every year, as it is basically just a transfer to an equivalent («already taxed retirement») account.
A surcharge (tax) of up to 15 % was imposed on certain super contributions, specified rollover amounts, and termination payments which were made before 1 July 2005.
The initial rollover amount represents 44.4 % of the overall pre-tax amount.
Because at the time of conversion, that is a taxable event making the entire amount considered «after tax» contributions to the Roth IRA, just like your normal after tax contributions to the Roth IRA (even though we won't actual pay tax because we'll rollover amounts within our deductions and exemptions).
The untaxed plan cap amount for 2014 — 15 is $ 1.355 million, meaning that Tom's rollover amount exceeds the cap by $ 145,000.
you can not increase the capital supporting the pension using contributions or rollover amounts once the pension has started
The NYS Office of Children and Family Services (OCFS) cut funding for any county that rolled over at least 10 percent of its prior years allotment by 40 percent of that rollover amount.
Your trading platform automatically calculates your rollover amounts.
Make sure you have made all contributions (including rollover amounts) to your fund before your income stream starts.
A rollover from another fund is not included in the assessable income of your fund, unless the rollover amount includes an element untaxed in the fund.
This means that the taxpayer must contribute additional funds in order to make up for the 20 percent that was withheld so that the rollover amount is equal to the total distribution.
You can't increase the capital supporting the pension using contributions or rollover amounts.
This means the member's pension account can not be increased by contributions or rollover amounts.
John must report on the SAR details of the contributions received by the SMSF and the rollover amounts:
Using the proportioning rule, John calculates the tax - free component of his rollover as the «Rollover amount» multiplied by the result of the «Tax - free component of his super interest before the rollover» divided by the «Value of his super interest before the rollover», that is:
Report the rollover amount on your tax return as not taxable by typing in the distribution amount on Section 15a Form 1040 and then indicating «0» on Section 15b.
the «rollover amount» (question 13) is always of a taxable component, never tax free — only contributions making up this component are splittable.
You can roll over money from a traditional IRA into a Roth IRA and never have to pay taxes on future withdrawals, but remember that you may have to pay what is called a «conversion tax» on the rollover amount.
The rollover amount increases / decreases as the position size increases / decreases.
If you don't, the IRS could call the difference between your balance and the rollover amount a «cash out transaction», and thus you would owe a 10 % penalty plus ordinary income taxes.
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