No exceptions for 60-day rollover rule

Caudill, April K.
September 1998
National Underwriter / Life & Health Financial Services;9/14/98, Vol. 102 Issue 37, p36
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.


Related Articles

  • Proposed Rules: DEPARTMENT OF THE TREASURY.  // Federal Register (National Archives & Records Service, Office of;7/11/2014, Vol. 79 Issue 133, p40031 

    The article presents the document released by the U.S. Internal Revenue Service in July 2014 that withdraws part of a notice of proposed rule regarding rollovers from individual retirement arrangements (IRAs) and simplified employee pensions. It notes that the partial withdrawal of the proposal...

  • Avoid an IRA Disaster. Slott, E. d. // Financial Planning;Feb2015, Vol. 45 Issue 2, p53 

    The article focuses on Individual Retirement Account (IRA) regulation imposed on financial advisors in the U.S. in 2015. It mentions that advisors need to inform clients of the new regulations before they plan for any 60-day rollovers else it could lead to IRA error. It also offer interpretation...

  • IRS Clarifies One-Per-Year Limit on Tax-Free Rollovers.  // Plan Advisor News;2014, p7 

    The article reports on the issuance by the U.S. Internal Revenue Service (IRS) of a guidance clarifying the impact of a 2014 individual retirement account (IRA) rollover on the pending one-per-year limit imposed on tax-free rollovers. Topics covered include the rule changes announced by the IRS...

  • IRS Releases Guidance Regarding Acceptance of Rollover Contributions.  // Venulex Legal Summaries;2014 Q2, following p1 

    The article provides a summary of the guidance issued by the U.S. Internal Revenue Service's (IRS) for the acceptance of rollover contributions. Topics discussed include the simplification of the due diligence required before rollover contributions from another qualified plan or individual...

  • The IRA rollover. Nadel, Edwin // Insurance Advocate;12/16/95, Vol. 106 Issue 49, p28 

    Reports on the benefits of having a retirement plan. Careful desicion on what to do with reirement money; Information on options; Choices for retirement distribution; Definition for rollover; Investment options.

  • Fla. Governor Signs Payday Lending Law. Duran, Nicole // American Banker;6/5/2001, Vol. 166 Issue 107, p19 

    Reports on Florida Governor Jeb Bush's signing of a payday lending law that will take effect on July 1, 2001. Key provisions of the law; Effects of the law on rollovers; Database on outstanding payday loans established by the state Department of Banking & Finance.

  • Final regs for rollover rules of 1992 act.  // Practical Accountant;Nov95, Vol. 28 Issue 11, p86 

    Reports on the finalized regulations for eligible rollover distributions from tax-qualified retirement plans effective October 19, 1995 for the Unemployment Compensation Amendments of 1992. Employer benefits; Participant requirements.

  • IRS says moving allowance is non-taxable.  // All Hands;Oct95, Issue 942, p2 

    Reports that the Internal Revenue Service (IRS) has ruled on Temporary Lodging Allowance (TLA), Temporary Lodging Expense (TLE), Dislocation Allowance (DLA) and Move-in Housing Allowance (MHA). Details of statement issued by IRS.

  • NFIB campaign to abolish the IRS code gains steam.  // Business Credit;Mar1998, Vol. 100 Issue 3, p69 

    Reports that the NFIB's Campaign to abolish the IRS Code was endorsed by Trent Lott, Senate Majority Leader and Newt Gingrich, Speaker of the House and a bipartisan group of federal legislators in the United States.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics