Tuesday, March 18, 2014
Ed Morrow (Trust and Estate Planning Consultant) recently published an article entitled, Tax Court Hammers Couple Despite Explicit IRS Rollover Guidance Allowing Transaction. Provided below is the beginning of the introduction to the article:
In Bobrow v. Commissioner (TC Memo 2014-21), the tax court laid down the gauntlet regarding multiple 60 day IRA rollovers, threatening what may be thousands of other taxpayers' past IRA rollovers. The tax court denied some IRS arguments that would have been even worse for taxpayers had they been upheld.