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Daily Archives: December 29, 2014

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Revised One-Rollover-Per-Year Limit Applies in 2015—IRS Clarifies Rules

Blog, TaxBy Henssler FinancialDecember 29, 2014

The Internal Revenue Code says that if you receive a distribution from an IRA, you can’t make a tax-free (60-day) rollover into another IRA if you’ve already completed a tax-free rollover within the previous one-year (12-month) period. The long-standing position of the IRS was that this rule applied separately to each IRA someone owns. Earlier…

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