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October 23, 2012

IRS Issues PLRs on IRAs


New Private Letter Rulings: The IRS has issued several private letter rulings (PLR) on matters related to IRAs and other retirement accounts. The following are a few:

  • PLR 201242024: Extending 60-day rollover period, because the taxpayer’s employer failed to follow the taxpayer’s instructions, resulting in a delay in meeting the 60-day deadline.
  • PLR 201242018: Providing an extension for completing a recharacterization.
  • PLR 201242021: Extending 60-day rollover period, due to miscommunication with financial advisor.

We will be providing more details on these and other rulings soon.

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Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.


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