Effective beginning September 28, 2010, under the Small Business Jobs Act, pre-tax account balances of 401(k), 403(b), and 457(b) plans can be rolled over to a Roth IRA. The rollover amounts are taxable, but there is no penalty. The rollover amounts can then be included ratably in income in equal amounts in tax years 2011 and 2012, unless the taxpayer elects to report the entire rollover amount in 2010 income.