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IRA/retirement plan 60-day rollover waivers - YouTube video text script

 

HI¡­ I¡¯M CECILIA¡­ AND I WORK FOR THE INTERNAL REVENUE SERVICE.

DID YOU TRY TO ROLL OVER ALL OR PART OF YOUR INDIVIDUAL RETIREMENT ARRANGEMENT OR RETIREMENT PLAN INTO ANOTHER I-R-A OR PLAN ¡­BUT MISSED THE 60-DAY DEADLINE?

AND THIS HAPPENED BECAUSE OF CIRCUMSTANCES BEYOND YOUR CONTROL¡­SUCH AS AN ERROR COMMITTED BY A FINANCIAL INSTITUTION¡­.  A CHECK THAT WAS MISPLACED AND NEVER CASHED¡­ OR A DISTRIBUTION THAT WAS MISTAKENLY DEPOSITED INTO THE WRONG PLACE?

IF SO¡­ YOU COULD BE ELIGIBLE FOR A WAIVER OF THE 60-DAY RULE.

AND YOU CAN EVEN SELF-CERTIFY THAT YOU¡¯RE ELIGIBLE BY USING A MODEL LETTER FOUND ON OUR WEB SITE.  

TO LEARN ALL THE DETAILS¡­ GO TO IRS-DOT-GOV-SLASH ROLLOVERS¡­ SCROLL DOWN TO THE BOTTOM AND CLICK ¡°F-A-Q¡¯S RELATING TO WAIVERS OF THE 60-DAY ROLLOVER REQUIREMENT.¡±