IRS Issues Rules of Qualified Plan Rollovers to Roth IRA’s

by

Via the Journal of Accountancy

The 2010 exception to the income restriction on Roth IRA conversions has garnered much attention, but mostly as it relates to rollovers of traditional IRA accounts to Roth IRAs.  But, the exception can relate to rollovers from qualified plans, such as 401k plans, to Roth IRAs as well.  The IRS recently issued Notice 2009-75 to address the issue of converting from qualified plans, and the Journal of Accountancy has summarized it here.

You can find the complete text of the notice here.

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