Excess accumulation

Excess accumulation

The amount of a required minimum distribution that an IRA holder fails to remove from an IRA in a timely manner. Excess accumulations are subject to a 50% IRS penalty tax.
References in periodicals archive ?
Excess accumulation of fluid leads to heart attacks, high blood pressure, fluid in the lungs and even cardiac arrest.
Excess accumulation of copper and its late treatment has horrible effects on neural system and cornea.
She had suffered cerebral oedema, a condition characterised by excess accumulation of water in the intracellular or extracellular spaces of the brain.
Cruzes built between October 2, 2009 and May 31, 2012 are under recall for engine shield design that could lead to excess accumulation of oil.
Excess accumulation of manganese (Mn) in the brain results in a neurological syndrome with cognitive, psychiatric, and movement abnormalities.
Cancer cells also can convert glucose into lactic acid (or lactate), which can result in excess accumulation of this chemical in the cell.
The economy of mammon is one of excess accumulation for some and poverty and deprivation for others.
Both types of benefit could be provided through a single trust, and the reserves would be combined; separating the trusts, but keeping their reserves aggregated, "does not allow excess accumulation of income.
An excess accumulation is one that goes beyond the company's reasonable needs.
Lactic acidosis: excess accumulation of lactic acid in the body.
The taxpayer relief act of 1997" repealed the excess distribution and excess accumulation taxes; pension plans are still the most highly taxed asset in your estate.
The excess accumulation tax is paid by beneficiaries on inherited pension assets that exceed the value of a single life annuity paying out $155,000 a year for someone with the life expectancy of the deceased.