• IRS Updates Eligible Rollover Distribution Tax Notices
  • September 25, 2009
  • Law Firm: Drinker Biddle & Reath LLP - Philadelphia Office
  • The IRS has released long-awaited guidance on the required content of the written explanation (often referred to as the "Special Tax Notice") that must be provided to a plan participant who is eligible to receive a distribution that can be rolled over to another eligible retirement plan or an IRA. These explanations must be provided within a "reasonable" period of no more than 180 days before payment of an eligible rollover distribution from a 401(k) or other qualified plan, 403(a) or 403(b) annuity plan, or governmental 457(b) plan.