IRA One-Rollover-Per-Year Rule
Beginning January 2015, the IRS will limit people to one IRA rollover in a 12 month period. The IRS considers all IRA’s to be one. More than one (1) rollover during a 12 month span may cause significant tax consequences.
PDFCU recommends that before you make any transactions to your IRA account that you consult with your tax advisor to see how it will affect your tax status.