Home > Term: 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.
- Del af tale: noun
- Branche/domæne: Financial services
- Category: General Finance
- Company: Bloomberg
0
Ophavsmand
- Harry8L
-
(V.I.P) 574128 points - 100% positive feedback
(London, United Kingdom)
