can an ira be paid with an extension
If an IRA owner does not qualify for an automatic extension, he or she can ask the IRS for one. This entails the cost of a user fee ($3,000) payable to the IRS and professional fees (typically $2,500 to $10,000) to prepare the request.etting an Extension for the 60-Day IRA Rollover Period. If you take a distribution from your IRA and want to avoid any tax on it, you must roll it over-to the same IRA, a new IRA, or a qualified retirement plan-within 60 days. The 60 days is fixed by law.