Hardship


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Hardship

A financial or personal need that must be addressed. For example, one may make a hardship withdrawal from a retirement account in order to pay for unexpected medical bills one may not be able to afford otherwise. Likewise, one may be able to cancel an employment contract early if a spouse dies and one must take care of one's children.
References in periodicals archive ?
Any extraordinary circumstances such as special education expenses, medical hardship, or natural disaster; and
Those hardship applications are due April 1 for hospitals and July 1 for eligible professionals, Ms.
Some plan sponsors look to sharply limit participants' ability to take money out of the plan by allowing hardship withdrawals only, Yoshida says.
111-148, also provides a wide range of other hardships and taxpayer groups and circumstances qualifying for exemption (see "Tax Practice Corner: Calculating the Health Care Individual Mandate Penalty," Jan.
The Government are being urged to look again at their "ambitious" timetable for the implementation of Universal Credit, amid concerns that the reforms could place vulnerable people at more risk of debt and hardship.
The IRS says you might be able to take a hardship withdrawal to meet a so-called "immediate and heavy" financial need.
In addition, an exceptional hardship argument can only be used by a motorist once in a three year period.
Washington, June 8 (ANI): Hardships faced in childhood may be related to future pregnancy outcomes, in part through their association with smoking during pregnancy and adult socioeconomic position, according to a new report.
If you really need the cash, and there are no other funding sources available to you, check with your employer's human resources department to see if you can take a loan from your 401(k)--instead of making a hardship withdrawal.
9% of the people of Guinea" but he still considered it a hardship to live in Guinea.
Force majeure and hardship under general contract principles; exemption for non-performance in international arbitration.
Coleman (In re Coleman), (4) the United States Court of Appeals for the Ninth Circuit considered whether a court may make an undue hardship determination for student loan discharge under a Chapter 13 bankruptcy substantially in advance of payment plan completion.