- Changes to Voluntary Correction Program Compliance
During 2015, the IRS began classifying Voluntary Correction Program (VCP) fees as user fees subject to IRC 7528 As a result, in 2016, plan sponsors will refer to a new, annual revenue procedure to determine the appropriate fee when making a VCP submission to the IRS In addition, the IRS made changes to the general fees for submissions for IRC 401(a) and 403(b) retirement plans To encourage
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