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Excess accumulation |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| An excess accumulation is one that goes beyond the company's reasonable needs. Because the Taxpayer Relief Act of 1997 repealed the excess accumulation and excess distribution taxes, there is no further need to worry about having too much accumulated in a plan. This temporary suspension does not apply to the 15-percent additional estate tax imposed on excess accumulations at death. |
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