IRS Rollover Rule Change
The process for taxpayers to request a waiver for the 60-day rollover deadline has been simplified, which means that taxpayers can now self-certify for a waiver. However, if they do not follow the guidelines exactly, it could mean more difficulties and and potentially fines and penalties. Credit unions would be well-advised to recommend competent tax advice to members who miss the 60-day rollover deadline. [10/6/16]


