Today’s IRS RR 2014-9 provides clarification of assumptions a receiving plan can make in order to consider the rollover as an eligible rollover distribution. With respect to IRA rollovers to qualified plans, some plans still accept only conduit IRA rollovers due to concern over receiving non deductible IRA contribution basis, which is disallowed. The ruling should remove concern over fines and penalties from accepting IRA rollovers and increase the portability of all IRA accounts into accepting plans. The RR also specifies simple correction options should the assumptions prove incorrect.

http://www.irs.gov/pub/irs-drop/rr-14-09.pdf