Save time with our cheat sheets, fact sheets, checklists & books!

February 12, 2013

IRS Updates Correction Procedures for Retirement Plans

Share on print
Print
Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

Revenue Procedure 2013-12 was released on December 31, 2012.

Revenue Procedure 2008-50 is modified and superseded by this revenue procedure. Significant changes to the Employee Plans Compliance Resolution System (EPCRS) include:

    • Expanded corrections for 403(b) plan failures
    • Revised submission procedures for the Voluntary Correction Program (VCP)
    • Rules for plans subject to section 436 restrictions
    • Changes to safe harbor correction methods and fee structures

More here

Written By

Denise Appleby

Denise is CEO of Appleby Retirement Consulting Inc., a firm that provides IRA resources for financial/ tax/legal professionals. She has over 20 years of experience in the retirement plans field, which includes training and technical consultation.

Denise writes and publishes educational /marketing tools for advisors; available at http://irapublications.com. Denise co-authored several books on IRAs

Denise is a graduate of The John Marshall Law School, where she obtained a Masters of Jurisprudence in Employee Benefits, and has earned 5 professional retirement designations.
She has appeared on numerous media programs, sharing her insights on retirement tax laws.

Share on facebook
Share on twitter
Share on pinterest
Share on linkedin
Share on print
More

Keep Learning

Be among the first to know when

IRA Rules
Change