A Closer Look at the New Self-certification Procedure for Failed 60-day Rollovers

In a much welcomed development, on August 24, 2016 the IRS released a self-certification procedure to provide relief for the tax payers who accidentally miss the 60-day window to roll over a retirement account distribution to another retirement account. The Service outlined 11 check-box circumstances which qualify for this relief and which plan trustees, administrators, […]