“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|Text of IRS PLR 202147015: Waiver of 60-Day Rollover Deadline for Roth Amounts Erroneously Deposited in Traditional IRA Account (PDF)|
Internal Revenue Service [IRS]
Nov. 29, 2021
"Taxpayer A completed a request for a direct rollover from Plan C to Financial Institution F.... Financial Institution F received two checks from Financial Institution G, the third-party administrator for Plan C. One check ... represented contributions and earnings in Taxpayer A's designated Roth account under Plan C. The other check represented pre-tax elective deferrals and earnings thereon under Plan C. Accompanying the checks was a letter from Financial Institution G that explained the two checks. Financial Institution F, however, deposited both checks into Taxpayer A's Traditional IRA D."
|Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the link above).|
|An important word about authorship: BenefitsLink® is providing a hypertext link to the item shown above, but is not the author of the item (unless otherwise specified).|