IRS Issues Self-Certification Guidance for Recipients of Retirement Plan and IRA Distributions Who Inadvertently Miss the 60-Day Rollover Deadline | Practical Law
In Revenue Procedure 2016-47, the Internal Revenue Service (IRS) provided a self-certification procedure that provides a mechanism for recipients of retirement plan and individual retirement account (IRA) distributions who inadvertently miss the 60-day deadline for rolling these amounts into another retirement plan or IRA to avoid early distribution taxes.