IRS: Only one IRA rollover per year
The agency changes course after Tax Court ruling; it will pull proposed regulation.
Last month, I wrote about the case involving the so-called once-per-year IRA rollover rule (Alvan L. Bobrow, et ux., v. Commissioner, TC Memo 2014-21, Docket No. 7022-11).
The Tax Court ruled that once per year means exactly that.
The rollover rule doesn't apply separately to each of a person's i
Learn more about reprints and licensing for this article.