. In January, Donnas dad, who is 75 years old, agreed in an email with his financial advisor that he wanted to take a distribution of $50,000 from his IRA and roll it over into a new IRA. His financial advisor inadvertently moved the funds into a taxable account. This mistake was discovered by the advisor at the end of the year. The IRS would likely grant a waiver to the 60-day rollover requirement, thereby permitting additional time for Donnas dad to roll the money into a new IRA.

a. True

b. False