Wednesday, January 28, 2009

IRA Rollover 60-Day Period Waivers

IRS has issued Private Letter Rulings to allows IRA rollovers even though the 60-day period expired. The rulings covered cases of mistakes by financial institutions and financial advisors, and mental condition of taxpayer. PLR 200904030, PLR 200904027, PLR 200904028, PLR 200904032, PLR 200904034.