Many taxpayers take advantage of the individual retirement account rollover. But, things can go wrong if the taxpayer doesn’t meet the 60-day distribution deadline for completing the rollover. In that case, the entire distribution is usually taxable and potentially subject to the 10 percent early distribution penalty. However, Congress has offered relief. Individuals may apply to the Internal Revenue Service for a waiver if they can demonstrate that the failure to waive the 60-day
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