One-Rollover-Per-Year Restriction
Everything I read relative to the IRA One-Rollover-Per-Year Restriction states that the 365 day restriction is based on the date a person “receives” a distribution check from an IRA.
If a person was audited, how would he/she prove what date the envelope carrying the distribution check was delivered by the USPS to the address of record?
It would be easy to prove what day the distribution was processed by the IRA custodian.
The post mark on the envelope would prove what day the envelope was mailed by the IRA custodian.
But how does one prove what day he/she “received” the check?
Permalink Submitted by Alan - IRA critic on Tue, 2016-11-01 16:56
You couldn’t prove the receipt date without some kind of signed receipt record that the PO would have to provide you but I think the usual form goes to the sender, not the recipient. The IRS most likely grants you a couple days for PO delivery variances. Keeping the envelope postmark is not conclusive of the delivery date other than the delivery date is obviously later than the postmark. In some year there could be a delay in processing by the insurance company due to several possible factors. That would mess up the next 12 month cycle by shortening it. See the other thread for other factors involved here.