RMM
Dec 27 2001, 02:40 PM
Anyone have any idea how long it takes to get approval of an entity as a nonbank trustee for regular IRAs under section 1.408-2 of the Regulations? Also, I would like to speak with someone at the IRS who knows about these procedures. If you have recently filed one and have a contact name, I would be very appreciative if you would share it. I have spoken to 4 or 5 IRS no-nothings and keep getting the run around or the wrong person. Thanks!
You are probably already done with this, but for posterity . . . . The NBT process can take months (or longer) and the filings generally must be very particular.
The last IRS agent I worked with on an NBT approval was Calvin Thompson.