Just announced is that only one IRA rollover is allowed tax-free per year per taxpayer beginning in 2015. If IRA funds are distributed and rolled over into another IRA account within 60 days, the distribution is typically considered tax free and is not subject to penalties. Current publications indicate this can happen on an IRA by IRA basis. New interpretations though say these IRA accounts must be aggregated. Let us know if you're considering an IRA rollover so you're aware of potential tax consequences. Click for more details!
And of course they've changed their minds. Trustee to trustee transfers do not constitute a roll-over per new interpretations of the IRS thus the rules stated earlier do not apply. As always, be sure to contact us to determine probable tax treatment before making investment decisions. Regulations change frequently.