FAQ on 60-Day Waiver Self Certification

The IRS has released Frequently Asked Questions regarding its new self-certification program for those who qualify after missing the 60-day indirect rollover period. Document Excerpt These frequently asked questions and answers provide general information and should not be cited as legal authority. Because these answers do not apply to every situation, yours may require additional […]

Final Rule on State-Based IRAs

The DOL has finalized its rules providing a safe harbor for state-based IRAs for private sector employers. Document Excerpt SUMMARY: This document describes circumstances in which state payroll deduction savings programs with automatic enrollment would not give rise to the establishment of employee pension benefit plans under the Employee Retirement Income Security Act of 1974, […]

Self Certification Process for 60-Day Waiver

The IRS has released new guidance designed to allow qualifying individuals to self certify eligibility for the 60 day rollover waiver. Document Excerpt This revenue procedure provides guidance concerning waivers of the 60-day rollover requirement contained in §§ 402(c)(3) and 408(d)(3) of the Internal Revenue Code (“Code”). Specifically, it provides for a self-certification procedure (subject […]

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