When can the 60 day rollover limit for IRAs be waived?
- January 14th, 2023
- David Greene
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The general rule is that if you take a distribution, it must be rolled over into another qualified plan within 60 days to avoid taxation and the 10% penalty. There has always been a “hardship” waiver for certain events causing…
When can the 60 day IRA rollover limit be waived?
- January 5th, 2023
- David Greene
- Comments Off on When can the 60 day IRA rollover limit be waived?
There are procedures (in addition to those in the CARES Act) that can be used to get relief from the 60 day limit to rollover an IRA without taxes if certain criteria are met. They are: (1) An error was…
Is there any relief from taxes for a late rollover (Part 2)?
- November 16th, 2016
- David Greene
- Comments Off on Is there any relief from taxes for a late rollover (Part 2)?
In my earlier blog I answered that there are new procedures that can be used to get relief if certain criteria are met. They are: (1) An error was made by the financial institution, (2) The distribution check was misplaced…