The Treasury Department and the IRS issued guidance Wednesday on rollovers between retirement plans and individual retirement accounts, which the tax agency says will simplify and standardize the rollover process for both participants and plan sponsors.
Notice 2026-49 provides sample forms and proposed rollover procedures and protocols, as required under Section 324 of the SECURE 2.0 Act.
According to the IRS:
- The guidance applies to rollovers between retirement plans or between a retirement plan and an individual retirement account (IRA), but not to IRA-to-IRA transfers.
- The sample forms are designed to protect participants’ personal identifying information and minimize participants’ burden.
- Use of the sample forms and proposed procedures is optional for plan sponsors.
“The IRS continues to look for ways to make complying with tax law less difficult and confusing for taxpayers and to improve tax administration in this complex area of the law,” IRS CEO Frank Bisignano said in a statement on Aug. 12. “The sample forms will make compliance simpler and easier for both plan participants and administrators.”
The Treasury Department and the IRS request comments from stakeholders on the sample forms and proposed rollover procedures. Additional guidance under consideration would facilitate and expedite the rollover process and request comments on the issues raised.
Comments are due by Oct. 23, 2026. Complete instructions on submitting comments are included in the notice.
Photo credit: Sean Lee/Unsplash
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