IRA Rollover Fixes

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Back in 2001 a new provision was added to the tax code that allows IRA owners to fix a problems with their rollovers.  Yeah, the basic rollover rules are pretty simple but it seems that financial institutions are putting the assets in the wrong account and thus causing problems with the IRA rollover.

Today the IRS issued 5 new rulings as to whether they would waive the rollover requirements and thus not hit taxpayers with massive bills that would wipe out their retirement savings.

These rulings are becoming so common we decided to create a webpage just to show you what does and doesn’t work in these IRA rollover waiver requests.