New Private Letter Rulings: The IRS has issued several private letter rulings (PLR) on matters related to IRAs and other retirement accounts. The following are a few:
- PLR 201242024: Extending 60-day rollover period, because the taxpayer’s employer failed to follow the taxpayer’s instructions, resulting in a delay in meeting the 60-day deadline.
- PLR 201242018: Providing an extension for completing a recharacterization.
- PLR 201242021: Extending 60-day rollover period, due to miscommunication with financial advisor.
We will be providing more details on these and other rulings soon.
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