Comments from stakeholders due by Oct. 23, 2026
(UCBJ) – The Department of the Treasury and the Internal Revenue Service on Aug. 12 issued guidance meant to simplify and standardize the rollover process, releasing sample forms for direct rollovers to or from a retirement plan as required under the SECURE 2.0 Act section 324.
Notice 2026-49 provides sample forms and proposed rollover procedures and protocols intended to simplify and standardize the rollover process for both participants and plan sponsors.
The guidance applies to rollovers between retirement plans or between a retirement plan and an individual retirement account but does not apply 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,” said IRS Chief Executive Officer Frank J. Bisignano. “The sample forms will make compliance simpler and easier for both plan participants and administrators.”
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