Financial Musings of a Burbank CPA: IRA Rollovers Get New IRS Rules for 2015

There will be some changes next year to how many traditional IRA rollovers within sixty days each taxpayer can make in a year.  The IRS has made some new rules based on new tax court rulings which are detailed in this article in the Wall Street Journal by Karen Damato:

http://blogs.wsj.com/totalreturn/2014/11/11/irs-unveils-new-ira-rollover-rules/?mod=WSJ_hpp_sections_yourmoney

To be safe on the new rules, it is just easier to make a direct transfer of one IRA to another instead of messing with a rollover.  It is done quickly and you don’t have to remember to go to another bank with a cashiers check to set things up within sixty days.

 Dollar Mag GlassIRA Retire For financial,  accounting and tax musings,

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