Substantially Equal Periodic Payments

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Substantially equal periodic payments (SEPP)

A method of distribution from IRA account assets that under certain conditions is not subject to the IRS's 10% premature withdrawal penalty for those under age 59-1/2.

Annual distributions that one may take from an IRA without penalty, under certain conditions. Specifically, in order to avoid the penalty, one must agree to receive the payments in roughly the same amount for five years or until one turns 59 1/2 (whichever is longer). The SEPP structure allows one to access money in one's IRA before retirement without penalty, while still discouraging the abuse of the practice.

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Rule 72(t)			The IRS argued in Tax Court that a taxpayer who elects a series of substantially equal periodic payments is not allowed any further distributions within the first five years of the election irrespective of whether the distribution would qualify for another statutory exception to the section 72(t) tax, unless the employee dies or becomes disabled. No penalty tax on additional IRA distributions by Reichert, Charles J. / Journal of Accountancy Distributions that are part of a qualified series of substantially equal periodic payments made annually to the IRA owner are also exempt from the penalty. Substantially equal periodic payments from an IRA by Burilovich, Linda; Burilovich, Andrew / The Tax Adviser Substantially equal periodic payments of qualified money d. Self-assessment exam by Catalyst (Dublin, Ohio)			Subprime Meltdown Subprime Mortgage subrogation Subrogee Subrogor Subscribe Subscription Subscription Agreement Subscription Period Subscription Price Subscription Privilege Subscription Ratio Subscription Right Subscription Warrant Subsidiaria subsidiaria integral Subsidiaria totalmente propia Subsidiary Subsidio Subsidized Financing subsidized housing subsidy Substandard Health Annuity substandard housing substantial completion Substantially Equal Periodic Payments Substituicao de importacoes Substitute Substitute Check Substitute Sale substitute trustee substitution substitution bond swap Substitution Swap subsurface rights suburb Subvaluado Subvencion del estado Success Tax Successierecht Succession successor in interest successor trustee sucker rally Sudanese Dinar Sudanese Pound Suicide Bombing Suicide Pill Suitability Suitability Rule Suitability Rules			substantial rise of prices Substantial Risk of Forfeiture Substantial Security Holder Substantial Shareholder Exemption Substantial United States Market Interest Substantial Waste of Time substantialise substantialised substantialises substantialising Substantialism Substantialism Substantialism substantialist substantialists substantialities substantialities substantialities substantiality substantiality substantiality substantiality Substantialize substantialized substantializes substantializing substantially substantially substantially Substantially Equal Periodic Payment Substantially Equal Periodic Payments Substantially equal periodic payments (IRS) substantially true substantialness substantialness substantialness Substantials Substantials Substantials substantiate substantiate substantiated substantiated substantiated incident substantiates substantiates substantiating substantiating substantiation substantiation substantiations substantiations substantiative substantiative substantival substantival substantival substantivally substantive substantive substantive

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