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Old 08-14-2007, 08:51 PM
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How long do I have to roll over a retirement distribution?

I recently received a check for my entire retirement distribution that I deposited into my personal account. How much time is given by the IRS in order for me to roll over these funds into a qualified retirement account or an IRA account without incurring any penalties?



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Old 08-22-2007, 09:42 AM
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How long does a taxpayer have in order to roll over a retirement distribution?

"A tax-deferred rollover occurs when a taxayer withdraws cash or other assets from one eligible retirement plan and contributes all or part of it to another eligible retirement plan".

The IRS has specifically granted taxpayer a maximum of 60 days to complete this rollover transactions.

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Old 08-22-2007, 09:45 AM
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Can Taxpayers obtain waivers or extensions of the 60-day rollover period?

Thanks for the reply. But, I am wondering can taxpayers obtain additional time to this 60 days maximum time period?Are there exceptions to this rule?



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