09/05/2026
The IRS has introduced standardized paperwork for rolling money between a 401k and an IRA, a process that has long been prone to costly mistakes if handled incorrectly.
Notice 2026-49 lays out new standard rollover forms plan administrators and IRA custodians can use when you move retirement funds. Missing the 60-day rollover window, or having a check made out incorrectly, can trigger unexpected taxes and penalties on what should have been a tax-free transfer. Anyone moving money between a 401k and an IRA should confirm which form their plan now uses before initiating a transfer.
It is not yet clear whether all plan administrators will adopt the new forms on the same timeline, so ask your plan or custodian directly before you move funds.
Read more: https://clearstarttax.com/irs-notice-2026-49-rollover-standardized-forms-401k-ira/