Are you tired of paying fees for former participants with small account balances? Are you concerned with uncashed distribution checks as you try to meet your obligations in finding participants who disappear? There are solutions.
Jun 4, 2018 4:00:00 PM
Are you tired of paying fees for former participants with small account balances? Are you concerned with uncashed distribution checks as you try to meet your obligations in finding participants who disappear? There are solutions.
Topics: Distributions, Rollovers
Nov 15, 2016 1:07:28 PM
IRS Provides Help with Rollovers
If you receive a distribution check and fail to roll over the payment to an IRA or other plan within 60 days, you may be in luck. The IRS has provided a self-certification procedure for those who inadvertently fail to complete a rollover within 60 days. Revenue Procedure 2016-47 provides a sample self-certification letter that a taxpayer can use to notify an IRA or other institution that he qualifies for a waiver of the 60-day rollover requirement. The waiver applies if one or more of 11 circumstances apply, including:
Form 5500
