A direct trustee-to-trustee rollover will avoid the IRS's 20 percent withholding on retirement rollover.

Name: A direct trustee-to-trustee rollover will avoid the IRS's 20 percent withholding on retirement rollover.
Brand: Quizplus
Rating: 4.8 (54 reviews)

Question

Quizplus · Accepted Answer

A direct trustee-to-trustee rollover allows the retirement assets to be transferred directly to another retirement account without the owner ever receiving the funds. Since the owner never receives the funds, the IRS's 20 percent withholding does not apply.

A Direct Trustee-To-Trustee Rollover Will Avoid the IRS's 20 Percent