Rollovers of Exxon Xxxxxx Settlement Payments. If you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. To obtain more information on this type of rollover, you may wish to visit the IRS website at xxx.xxx.xxx.
Rollovers of Exxon Xxxxxx Settlement Payments. If you are a qualified taxpayer and you receive a qualified settlement payment from Exxon Xxxxxx litigation, you may contribute all or part of the income received to an eligible retirement plan, which includes a Traditional XXX. The amount contributed cannot exceed $100,000 (reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to eligible retirement plans in prior tax years) or the amount of qualified settlement income received during the tax year. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the rollover contribution. For further detailed information, you may obtain IRS Publication 590-A, Contributions to Individual Retirement Arrangements (IRAs), from the IRS or refer to the IRS website at xxx.xxx.xxx.
Rollovers of Exxon Xxxxxx Settlement Payments. If you re- ceive a qualified settlement payment from Exxon Xxxxxx litigation, you may roll over the amount of the settlement, up to $100,000, reduced by the amount of any qualified Exxon Xxxxxx settlement income previously contributed to a Traditional or Xxxx XXX or eligible retirement plan in prior taxable years. You will have until your tax return due date (not including extensions) for the year in which the qualified settlement income is received to make the
