TITLE

No exceptions for 60-day rollover rule

AUTHOR(S)
Caudill, April K.
PUB. DATE
September 1998
SOURCE
National Underwriter / Life & Health Financial Services;9/14/98, Vol. 102 Issue 37, p36
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
Describes the US Internal Revenue Service's ruling in a case related to rollovers. Determination that the 60-day rollover limitation period could not be extended for a participant whose plan administrator erroneously distributed his entire qualified savings plan balance; Requirement for taxpayer to include the distribution amount as income despite his attempt to make a rollover of it.
ACCESSION #
1078662

 

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