New Rules on IRA Rollovers that Fail the 60 Day Rule

The IRS is simplifying the procedure for getting a waiver of the 60 day rollover rule in cases where there was a problem with the process or an unexpected event. Often, when rolling over amounts into another IRA, a taxpayer will receive a check which then must be sent to the new investment firm. Sometimes, that process breaks down due to mail delays, unexpected events, or other reasons. The new procedure is linked below.

New rules for 60 day rollover limit