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What does SEPP stand for?

SEPP stands for Substantially Equal Periodic Payments (premature IRA distributions)

This definition appears frequently and is found in the following Acronym Finder categories:

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  • Business, finance, etc.

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We have 29 other meanings of SEPP in our Acronym Attic

Samples in periodicals archive:

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.
5 percent of your adjusted gross income--as long as those expenses aren't reimbursed * If you take distributions in substantially equal periodic payments based on your life expectancy * If funds are withdrawn due to the IRA/401(k) owner's death "It's important to note that even in these 'exception' situations, you still have to pay income taxes on any funds you withdraw," says Fishbein.
The booklet is accompanied by a worksheet designed to help investors calculate their substantially equal periodic payments under one of three IRS-approved methods.