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IRS Announces Relief for Late Rollovers of Retirement Plan Funds

Posted by Jennifer C. Plail CPA

Sep 29, 2016 8:32:00 AM

The IRS has released new guidance to help taxpayers avoid taxes and penalties for late rollovers of distributions from employer-sponsored retirement plans and individual retirement accounts (IRAs). Ordinarily, such rollovers must be completed within 60 days to be considered valid. The new guidance establishes a process for taxpayers who miss the 60-day rollover window for any one of 11 different reasons to correct the error.

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Topics: ira rollover, ira, employee benefit plan, individual retirement accounts, retirement plan, irs rev proc 2016-47



Court's Decision Limits IRA Rollovers

Posted by Stephen C. Studley CFU CVA CLU CFP CPA

Apr 17, 2014 12:37:00 PM

An IRA rollover is a popular way of retaining investment flexibility and tax benefits when switching from one Individual Retirement Account to another.

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Topics: tax planning,, retirement planning, ira rollover, ira





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