Excess accumulation

The amount of a required Minimum distribution that an IRA holder failed to remove from his/her IRA in a timely manner, on which a Penalty tax is applied.

Related Terms: 4 Minimum distribution, Penalty, Required Minimum Distribution, Tax

Other Related Pages: Category: Taxes Starting With: E

Additional Related Terms: 10-Q, Accrual of discount, After-tax basis, Amortization of premium, At par, At best, At call, Accumulated earnings tax, Applied economics, At risk