Fixing Missed 60-Day Rollover Deadlines with Self-Certification…in 5 Easy Steps

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If I miss the 60-day deadline for completing an IRA rollover, is there anyway to save the rollover amount from tax? Failing to complete a 60-day rollover on time can cause the rollover amount to be taxed as income and perhaps subject to a 10% early withdrawal penalty. However, the deadline may have been missed due to reasons that are not the taxpayer’s fault. Fortunately, for such cases, the IRS has created an easy, low-cost way to fix late rollover errors.

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