IRS Launches Compliancy Check Program for 401K Plans

more+
less-

Earlier this year, the Internal Revenue Service (IRS) initiated a project to survey the level of 401(k) plan compliance with tax laws and regulations. As part of the project, the IRS sent a comprehensive questionnaire to a random sample of 1,200 plans across the country,selected from all plans that submitted a Form 5500 for the 2007 plan year. Plans selected to complete the questionnaire were notified by letter mailed to the

plan’s sponsor. Once the plan receives the notice by mail, the plan must complete the questionnaire online within ninety (90) days of the date of notice. A sample notice can be

found here: http//www.irs.gov/pub/irs-tege/letter1562v_epcu.pdf.

LOADING PDF: If there are any problems, click here to download the file.


DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Green & Seifter, Attorneys, PLLC | Attorney Advertising

Written by:

more+
less-

Green & Seifter, Attorneys, PLLC on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.
×
Loading...
×
×