IRS Provides Rollover Relief in Retirement Account Mismanagement Case
May 02, 2008
by Rick Taylor, CPA
The IRS is providing relief to taxpayers who have experienced problems with the management of their retirement accounts. In a private ruling recently, the IRS determined that one taxpayer, whose retirement funds had been mismanaged by two banks, was entitled to treat the amounts he received in court settlements against the managers as rollovers.
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