A-2018-05: Volume submitter plans
Internal Revenue Service (IRS) sent this bulletin at 03/09/2018 02:43 PM EST
 |
|||
|
|||
News EssentialsIRS Resources |
Issue Number: A-2018-05Inside This IssueAnnouncement 2018-05 provides that the IRS intends to issue opinion and advisory letters for master and prototype and volume submitter defined benefit plans (pre-approved) that were restated for changes in plan qualification requirements listed in Notice 2012-76, 2012-52 I.R.B. 775 (2012 Cumulative List) and that were filed with the IRS during the submission period for the second remedial amendment cycle. The IRS intends to issue the letters on March 30, 2018 or as soon as possible thereafter. The period for employer adoption of these plans will end on April 30, 2020. Starting May 1, 2018, and ending April 30, 2020, the IRS will accept applications for individual determination letters from employers who adopt such plans and are otherwise eligible to submit a determination letter request. This announcement also provides that a delayed beginning date for the third six-year remedial amendment cycle will be announced in future guidance. Announcement 2018-05 will be in IRB 2018-13, dated March 26, 2018. Thank you for subscribing to IRS GuideWire, an IRS e-mail service. If you are a Tax Professional and have a specific concern about your tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the IRS GuideWire mailing list. Please Do Not Reply To This Message. |