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Philadelphia Tax Attorney to Help Non-Filers Safely Get Back Into "The System" and Stay in Compliance

Tax FAQ & Info

I read somewhere that the IRS has imposed an IRA One-Rollover-Per-Year Rule – is there such a Rule and how does it affect me?

Under IRS Announcements 2014-15 and 2014-32, beginning in 2015, taxpayers can make only one rollover from an IRA to another (or the same) IRA in any 12-month period, regardless of the number of IRAs owned. The money in the taxpayer’s IRAs, including SEP and SIMPLE IRAs as well as traditional and Roth IRAs, is lumped together and treated as a single IRA for purposes of the limit. Since most pe…

Philadelphia Tax Attorney to Help Non-Filers Safely Get Back Into "The System" and Stay in Compliance

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