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ALERT! Major Game Changer for IRA Rollovers

After 20 years of IRA rollover rules that allowed multiple qualifying IRA rollovers from multiple IRA accounts the IRS decided to change their position and interpretation of the rules and challenged a US taxpayer who claimed multiple rollovers in the same year costing the taxpayer over $50,000 in taxes, penalties and interest. Although I usually have time to research this and issue our report for now I am posting a link to this media article published by the WSJ on April 4.

http://www.marketwatch.com/story/ira-rollover-ruling-stuns-advisers-and-savers-2014-04-04?siteid=yhoof2

 

 

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