Under current law, an
eligible rollover distribution received from a qualified plan may be rolled over tax free as long as the rollover is made within 60 days of the distribution.
408A to allow the recipient of an
eligible rollover distribution not made from a designated Roth account to roll over the amount of the distribution to a Roth IRA without first contributing that amount to a non-Roth IRA.
An individual who has attained age 70 1/2 is permitted to roll over all of an
eligible rollover distribution except the minimum distribution amount required under IRC section 401(a)(9).
402(c)(1), which excludes from taxation amounts paid to an IRA from a qualified plan in an
eligible rollover distribution made within 60 days of receipt.
In general, if an
eligible rollover distribution is paid directly to the taxpayer, the payer must withhold 20%; this applies even if the taxpayer intends to roll over the distribution to an IRA.
402(c): An
eligible rollover distribution from a qualified trust that is rolled over to an eligible retirement plan is not includible in gross income for the tax year paid.
A SESOP that holds S stock and permits distributions of employer securities must permit participants to elect to have any
eligible rollover distribution of S stock be paid directly to an eligible retirement plan, including an IRA.
402(c)(1), any portion of an
eligible rollover distribution from a qualified Sec.
Qualified plans (including ESOPs) permit participants receiving an
eligible rollover distribution to roll it over directly to an eligible retirement plan, including an IRA.
401(a) plan to allow participants to elect to have an
eligible rollover distribution paid directly to an eligible retirement plan specified by the participant.