IRA rollover help!
I have a new client that received a check for half his IRA annuity because he complained that he didn’t know what he was getting into. It’s been longer than 60 days and he never cashed the check. He was very confused. Do you think the IRS will deem that as a failed 60 day rollover? Or just have the annuity company stop pmt and reissue?
Permalink Submitted by Alan - IRA critic on Wed, 2017-02-22 23:44
He might try the new IRS self certification process explained here. Reason b) might be the only one he could conceivably use, depending on whether he thinks he misplaced the check. https://www.irs.gov/pub/irs-drop/rp-16-47.pdf