The match or bonus is treated as interest earned. This does not impact contribution limits, but will be reportable on IRS Form 1099-INT, 1099-MISC, or Form 1042-S as applicable. The member is responsible for any applicable federal, state or local taxes associated with receiving the offer. If a member is charged an early withdrawal fee due to withdrawing funds that earned the bonus before the five (5) year Holding Period is complete, they will not receive an updated IRS Form 1099.