IRS Clairifies New Eligible Contributions For Roth Rollover

Law360, New York (December 11, 2013, 6:21 PM EST) -- The Internal Revenue Service cleared up on Wednesday what types of additional contributions can now be converted to a Roth retirement account as a result of changes to the tax code brought about by Congress' fiscal cliff deal.

The IRS issued a notice that provides guidance on what types of retirement contributions are now eligible for Roth rollovers. The American Taxpayer Relief Act of 2012, enacted in January to avoid the so-called fiscal cliff, loosened restrictions on what types of contributions and earnings could be converted...
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