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Nonprofit Blog

Rules Surrounding IRA Rollovers Become Less Friendly to Taxpayers

Posted by celliott on Jun 26, 2014 8:44:31 AM

Earlier this year, the U.S. Tax Court made a controversial ruling regarding IRA rollovers that contradicted an IRS publication designed to explain the law to taxpayers. In Bobrow v. Commissioner, the court ruled that the one-rollover-per-year rule applies to all of a taxpayer’s IRAs in aggregate, rather than on an account-by-account basis.

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Topics: Bobrow v. Commissioner, IRA Accounts, IRA Rollovers, Tax, U.S. Tax Court, Uncategorized

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