Professional Alliance Members Neil Larson and Victoria Trigg announced that on September 16, 2014 the IRS issued Notice 2014-54 (and proposed legislations), providing welcome guidance on the rollover of after-tax dollars from 4019(k) plans.The IRS was challenging the long standing practice of rolling your after –tax 401(k) dollars directly into your ROTH IRA to avoid paying any income tax on the conversion.
Click hear to read more information on IRS Notice 2014-54
