Typically, when a distribution is non-qualified, the amount attributable to earnings will be subject to income tax and an early-distribution penalty of 10%.
Investment dictionary. Academic. 2012.
Qualified Distribution — Distributions made from a Roth IRA that are tax and penalty free. In order to be a qualified distribution, the following two requirements must be met: 1) It must occur at least five years after the Roth IRA owner established and funded his/her… … Investment dictionary
Qualified Annuity — An financial product that accepts and grows funds, and is funded with pre tax dollars. Qualified is a descriptor given by the Internal Revenue Service (IRS) to indicate that the qualified annuity may be eligible for tax deduction. When a… … Investment dictionary
Qualified Production Activities Income — is a class of income which is entitled to favored tax treatment under Section 199 of the United States Internal Revenue Code. [26 U.S.C. 199.] History Former section 114 of the United States Internal Revenue Code excluded extraterritorial income… … Wikipedia
Qualified domestic relations order — A Qualified domestic relations order or QDRO is a legal order subsequent to a divorce or legal separation that splits and changes ownership of a retirement plan to give the divorced spouse their share of the asset or pension plan. QDROs may grant … Wikipedia
Decriminalization of non-medical cannabis in the United States — United States non medical cannabis decriminalization laws (as of January 2009) Note: Federal law bans all forms of cannabis and THC as a schedule I drug, as per the Controlled Substances Act of 1970 … Wikipedia
401(k) — In the United States of America, a 401(k) plan allows a worker to save for retirement while deferring income taxes on the saved money and earnings until withdrawal. The employee elects to have a portion of his or her wage paid directly, or… … Wikipedia
Tax forms in the United States — are used by taxpayers and tax exempt organizations to report financial information to the Internal Revenue Service (IRS). They are used to report income and calculate taxes owed to the government of the United States. TOC Federal tax forms 990… … Wikipedia
Real-time locating — Articleissues confusing=July 2008 refimprove=May 2008 essay=May 2008: This page specifically concerns operational aspects of RTLS. For methodology issues see locating engine. For technology issues see wireless. According to ISO/IEC JTC1 SC31 and… … Wikipedia
Anarchism — is a political philosophy encompassing theories and attitudes which support the elimination of all compulsory government,*Errico Malatesta, [http://www.marxists.org/archive/malatesta/1930s/xx/toanarchy.htm Towards Anarchism] , MAN! . Los Angeles … Wikipedia
529 plan — A 529 plan is a tax advantaged investment vehicle in the United States designed to encourage saving for the future higher education expenses of a designated beneficiary. Overview 529 plans are named after section 529 of the Internal Revenue Code … Wikipedia
