Sentences with phrase «subject to penalty»

(2) A person who violates this section is subject to a penalty of two hundred fifty dollars.

Private prisons are subject to penalties for failure to meet performance targets set by the Government.

All 72 (t) distributions will be considered taxable and subject to penalty if not handled properly.

The cost basis is not subject to a penalty just as it is not subject to taxation.

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

Unless you meet the tests described below, a withdrawal of earnings will be taxable — and may be subject to a penalty as well.

You also may be subject to penalties under your state's license law for any violations by your assistants.

A certain class of policies receives less favorable tax treatment than what is described above when taking loans and distributions and may be subject to a penalty tax.

The policy requires that all amounts subject to penalty — whether the trip is canceled months prior to departure or the day of departure — are insured.

If you don't take the required minimum distributions from your account, you will be subject to a penalty equal to 50 % of the amount that should have been withdrawn.

A withdrawal which reduces the account balance below the minimum balance requirement may be considered a withdrawal of the entire account balance and shall be subject to penalty on the entire amount.

Additionally, you will be subject to a penalty except in certain situations.

If you are required to maintain ACA compliant insurance, you may be subject to penalties at the time of filing your tax return.

If you are caught driving without car insurance, you are subject to the penalties of the state you are in.

Most sources of retirement income are subject to penalties for failing to follow appropriate rules.

All additions become part of the principal balance and are subject to penalty if withdrawn before the maturity date.

Since they will attain the age of 55 in the year of the withdrawal, the distribution is not subject to penalty.

Under the new law, taxpayers are also subject to penalties of up to $ 1,000 for underreporting capital gains taxes, and up to $ 5,000 for willful disregard of the law or reckless conduct in reporting capital gains taxes.

As with other retirement plan accounts, non-qualified distributions may be subject to a penalty upon withdrawal.

That is due to the fact that you could be subject to a penalty APR which can get as high as 29.99 %

The penalty will equal three hundred sixty (360) days» interest on the amount withdrawn subject to penalty for certificates of deposit with a term of nineteen (19) months or more.

The Treasury rejected both suggestions, and the result is that brokers are required to apply these rules, and are potentially subject to penalties for failing to apply them correctly, even though we haven't been told what is the correct way to apply them.

If you're unprepared, you'll be subject to penalty interest rates and run the risk of debt — kind of like cramming for a big exam and not studying properly for it.

But if they do succumb to the pressure, they're in clear violation of the Uniform Standards of Professional Appraisal Practice, which is set by the Appraisal Foundation in Washington, D.C.. They'll also be subject to penalties from state regulators and suffer from a tarnished reputation in a field where referrals can make or break a career.

Withdraw money from a retirement account such as a 401 (k) before age 59 1/2, and you're typically subject to penalties and taxes.

Under this proposal, companies that don't properly label genetically modified items will be subject to penalties pertaining to misbranding.

Under the law, students in all schools are tested, but the only schools and districts subject to penalties are those that receive federal Title I funding, awarded to schools with large numbers of low - income students.

Promo purchases on existing accounts may not receive full benefit of promo terms, including reduced APR if applicable, if account is subject to Penalty APR..

Money taken out as a rollover must be deposited with the new IRA custodian within 60 days or else it becomes an unqualified distribution subject to penalties etc..

But even if people today don't actually pay down the mortgage balance, in the event of an unexpected expense, tapping into the equity in the home is almost always much cheaper than tapping into that 401 (k)(the latter subject to penalties and taxes).

for the IRS quarters — and I suspect that's what they were telling you «affects other partners» — you won't have the data to correctly compute your «quarterly» taxes, and may thus subject yourself to penalty for not timely paying enough.

Distributions taken by qualified reservists called to active duty for 180 days or more aren't subject to the penalty while on duty.

You're usually subject to the penalty if you withdraw money from your plan before age 59 1/2.

As long as the distribution is for a qualified medical expense, the distribution will not be included in gross income and not subject to penalty regardless of how much money you had in your HSA when you incurred the medical expense.

Cash Gifts above Rs 2 Lakh can be subject to Penalty u / s 269ST w.e.f 1st April, 2017, even if the gifts are from family members

This Russia oil deal has raised much controversy, has now made ExxonMobil subject to penalties and fines for violating US sanctions against the country, and is a focal point of concerns surrounding the appointment of Rex Tillerson as Secretary of State.

Is landlord subject to penalties under Dodd - Frank or similar federal laws?

If you are found to be driving without automobile insurance, you are subject to the penalties within MD..

TravelSafe (excuse me... TripMate) Team still required about $ 700 (i.e., an amount more than $ 2250 but a little below $ 3000) out of the $ 902 to be included as a «cost subject to penalty,» in order for the «cancel for any reason» benefit to be payable to Mr. Falank.

Further, pursuant to § 66-5-230 of the Mandatory Financial Responsibility Act, an owner of an uninsured vehicle must return the vehicle registration and the license plate evidencing such registration to the Motor Vehicle Division within ten (10) days of receipt of the Notice of Suspension of Registration letter or be subject to the penalties prescribed by law, including criminal penalties.

With Cancel for Any Reason the freedom to cancel is yours and yours alone, provided you cancel two days or more before your scheduled departure date and have insured the full cost of your travel arrangements subject to penalties or restrictions and purchased your plan within 21 days of the date of your initial trip deposit.

Please note that this is not only the non-refundable portion of your pre-paid trip cost, but the entire pre-paid trip cost that is subject to any penalty before your departure date.

On the other hand, if the only insurance you have is a plan you purchased yourself that is NOT considered minimum essential coverage, you won't be in compliance with the ACA's individual mandate, which means you'll be subject to the penalty unless you've got an exemption.