•  
  •  
 

Abstract

In an unusual move that ended up favoring IRS, and invalidating a longstanding IRS position favoring taxpayers, the Tax Court has altered the landscape when it comes to individual retirement act (IRA) rollovers.1 Effective January 1, 2015, taxpayers will be able to roll over fund assets, tax-free, in an IRA to IRA rollover, only once in any one-year period.2 Although IRS authority has been to the contrary, allowing IRA-to-IRA rollovers once in a one-year period for each IRA account, IRS now agrees that the roll over rule now limits such roll overs to one per year for all IRA accounts.3

Share

COinS
 

To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.