RP-2018-52, Employee Plans Compliance Resolution System ("EPCRS")
Internal Revenue Service (IRS) sent this bulletin at 09/28/2018 01:19 PM EDT
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Issue Number: RP-2018-52Inside This IssueRevenue Procedure 2018-52 modifies and supersedes Rev. Proc. 2016-51, 2016-42 I.R.B. 465, which sets forth the Employee Plans Compliance Resolution System ("EPCRS"), a comprehensive system of correction programs administered by the Employee Plans Division (TE/GE) for sponsors of retirement plans that have failed to satisfy certain requirements under § 401(a), 403(a), 403(b), 408(k), or 408(p) of the Code. This revenue procedure sets forth new procedures for using the www.pay.gov website to file VCP submissions and pay user fees. Beginning on April 1, 2019, the IRS will no longer accept paper VCP submissions or process user fees paid with a paper check. During the transition period from January 1, 2019, through March 31, 2019, plan sponsors may file VCP submissions with the IRS either by using www.pay.gov in accordance with sections 10 and 11 of the revenue procedure or by filing paper VCP submissions in accordance with the procedures in sections 10 and 11 of Rev. Proc. 2016-51. Revenue Procedure 2018-52 will be in IRB: 2018-42, dated October 15, 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. |