Rollovers
Distribution amounts that are re-contributed to an IRA or other retirement account.
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Waiver of the 60-day Rollover Requirement
Definition The Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA) added a provision to permit the IRS to waive the 60-day rollover requirement
IRS Extends 60-Day Rollover Deadline: PLR No. 201709023
The IRS extended the 60-day deadline for a taxpayer, whose children applied for the waiver, citing medical issues, specifically , that the IRA owner showed
IRS Denies Request to Extend 60-Day Rollover Deadline for “Short-Term Loan” -PLR 201625022
In Private Letter Ruling (PLR) 201625022, the IRS determined that an IRA owner used a distribution from her IRA as a “short-term loan”, and was
IRS (Partially) Withdraws Proposed Rule on IRA-to-IRA Rollover
In the update Hot off the Presses: IRA Rollover Rule Changes Coming, we highlighted a recent Tax Court interpretation of the one-per-year rule for IRA-to-IRA
Hot off the Presses: IRA Rollover Rule Changes Coming
As you may know, a recent Tax Court opinion, Bobrow v. Commissioner, T.C. Memo. 2014-21, held that under the one-per-year rollover rule, all of an
IRS Allows Spousal Rollover: Trust Beneficiary
“ The IRS has issued the applicable federal rate (AFR) for October. Among other things, these rates are uses to calculate substantially equal period payments
60 day Period (for Rollovers)
Definition The ‘60th day following the day on which the participant receives the distribution’. Therefore, to determine which date is the 60th day, start counting
Qualified Rollover Contribution
Definition A qualified rollover contribution is a Roth IRA conversion. The following transactions are qualified rollover contributions: 1.A rollover contribution from a traditional IRA, SEP
