IRS Issues Guidance On Expansion Of In-Plan Roth Rollovers Under ATRA

December 19, 2013 – In The News
Standard Federal Tax Reports – Taxes On Parade

Jeremy M. Pelphrey was quoted in the Standard Federal Tax Reports – Taxes On Parade article “IRS Issues Guidance On Expansion Of In-Plan Roth Rollovers Under ATRA.” While the full text can be found in the December 19, 2013, issue of Standard Federal Tax Reports – Taxes On Parade, a synopsis is noted below.

The IRS issued guidance in question-and-answer format on the expansion of in-plan Roth rollovers under the American Taxpayer Relief Act of 2012 (ATRA). According to Pelphrey, the amendment provision in the guidance is important.

“If a calendar year plan wants to take advantage of this guidance, the plan must be amended prior to December 31, 2014 to be effective for 2013,” Pelphrey explained.