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 IRA or 401K rollover?
- November 1st, 2016
- David Greene
- Comments Off on Is there any relief from taxes for a late IRA or 401K rollover?
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…