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Reporting Rollovers from Pretax Plan Accounts to Roth IRAs
FIS Relius 
[Guidance Overview] June 12, 2008 Excerpt: Recent IRS guidance (Notice 2008-30) explained that plans must allow participants to make direct rollovers from pretax plan accounts to Roth IRA accounts. Since the rollover is taxable, the participant may choose to have the employer withhold income taxes. Withholding is not mandatory. What does this mean for 1099-R reporting? The [target page] example illustrates the complexities of reporting these rollovers. MORE >> |
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