Late IRA rollovers

If you have a client that misses the 60-day time limit for rolling funds from one IRA to another IRA, there are new relief procedures available from Revenue Procedure 2016-47.  If the client meets one of the exceptions listed in that Revenue Procedure, the client can self-certify to the IRA trustee that they are entitled to relief from the 60-day limit.  As a result, many clients can obtain relief from the rollover time limit without having to request a private letter ruling from the IRS.