IRS scrutinizes use of Rollovers for Business Startups

04/7/2014 | Bloomberg Businessweek

Baby boomers are increasingly embracing a strategy called Rollovers for Business Startups, in which they use money from retirement accounts to launch businesses. Two recent Tax Court decisions suggest that the Internal Revenue Service may be getting ready to try to collect millions of dollars in back taxes from retirement savers who use these rollovers.

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