The 1031 Exchange Institute

Welcome to The 1031 Exchange Institute™. The 1031 Exchange Institute is your complete online resource for 1031 exchange, 1033 exchange, 1034 exchange, 721 exchange, 453 installment sale and 121 exclusion information.  Information will also be provided regarding Self-Directed IRAs, including Traditional IRAs, ROTH IRAs, SEP-IRAs and SIMPLE IRAs. 

The 1031 Exchange Institute is dedicated to educating and informing real estate investors and their advisors on the benefits of 1031 tax-deferred exchanges and other tax deferred and tax exlcusion strategies so they can make better informed investment decisions.

THE SELF-DIRECTED IRA BLOG™

Welcome to The Self-Directed IRA Blog™. The Self-Directed IRA Blog is sponsored by Exeter IRA Services, LLC to help educate and inform real estate investors and their advisors so they can make better informed investment decisions when investing in real estate related assets inside a Self-Directed IRA.  The Self-Directed IRA Blog will cover all things related to Self-Directed Individual Retirement Accounts, including Traditional IRAs, ROTH IRAs, SEP-IRAs and SIMPLE IRAs.  You are welcome to post a comment on any of the articles or ask follow-up questions, but please no solicitations or SPAM posts.

Monday
Oct292012

Taxpayer Request to Extend 60 Day IRA Rollover Deadline Denied!

 

An individual taxpayer did not roll over over his taxable retirement account distribution from his prior employer's retirement plan within the required 60 day IRA rollover period.  The taxpayer claimed that he failed to roll over the taxable distribution from his prior employer's retirement plan because of his lack of knowledge about IRA Rollovers and the related 60 day roll over requirement. 

The Internal Revenue Service denied the taxpayer's request to extend the 60 day IRA Rollover deadline.