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Revenue Procedure 2016-8

McDermott Will & Emery

IRS Announces Reduced VCP Compliance Fees

McDermott Will & Emery on

The Internal Revenue Service (IRS) has announced new general compliance fees for voluntary correction program (VCP) submissions under the Employee Plans Compliance Resolution System (EPCRS), effective February 1, 2016. EPCRS...more

Kilpatrick Townsend & Stockton LLP

IRS Reduces VCP User Fees Effective February 2016

On January 4, 2016, the IRS issued Revenue Procedure 2016-8, which provides guidance for complying with the user fee program of the Voluntary Correction Program (VCP). Effective February 1, 2016, the fees for a VCP filing for...more

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