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SEPP
(redirected from Substantially equal periodic payments)

   Also found in: Financial, Acronyms, Wikipedia 0.01 sec.
SEPP
(Single Edge Processor Package) A CPU module from Intel that held Celeron chips and their L2 cache chips. The SEPP, which plugged into Slot 1 on the motherboard, was the bare printed circuit board. For the Pentium II and Pentium III chips, the board was encased in a metal housing and became the single edge contact cartridge (SECC). See Slot 1 and SECC.

Single Edge Processor Package
In the late 1990s, the SEPP was a small, 242-pin printed circuit board that held the Celeron CPU and L2 cache chips. This was when the Pentium II and Pentium III chips were the high-priced models. (Image courtesy of Gennadiy Shvets, www.cpu-world.com)

SEPP - Single Edge Processor Package


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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.
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 of qualified money d.
 
 
 
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