The Tax Adviser: Unclaimed Property Distributions Allowed As Self-Certified Rollovers

The Tax Adviser has published an article, “Unclaimed Property Distributions Allowed As Self-Certified Rollovers,” which discusses how unclaimed property fund distributions can be a reason for taxpayers to self-certify. The article begins as follows:

In response to requests from stakeholders, the IRS issued guidance adding state unclaimed property fund distributions to the list of reasons that taxpayers may self-certify that they missed the 60-day deadline to roll over funds to a qualified retirement plan (Rev. Proc. 2020-46). It also added a requirement to report and withhold from these distributions.

Click here to see full article: “Unclaimed Property Distributions Allowed As Self-Certified Rollovers.”


Posted by Bella Hoang, Associate Editor, Wealth Strategies Journal.

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